Closing Current Assets definition

Closing Current Assets means, in each case as determined as of 11:59 p.m., New York City time, on the day immediately preceding the Closing Date, the current assets of the Business that are specifically listed by type as set forth in Section 1.01(c)-1 of the Disclosure Letter, calculated in accordance with the Purchase Price Calculation/Accounting Principles or, with respect to Taxes, the Tax Allocation Principles.

Closing Current Assets means the amount of the current assets of the Company in the asset categories listed on Exhibit C (which, notwithstanding anything to the contrary on Exhibit C, shall exclude all Closing Cash and all Tax assets), as of the Closing, as determined in accordance with GAAP and reflected on the Final Closing Date Balance Sheet.

Closing Current Assets. All assets of each of the Companies at the Closing Date (net of any amounts in escrow accounts referred to in the definition of Closing Liabilities) that are or should be included as current assets on the consolidated balance sheet of the Companies as of said date in accordance with generally accepted accounting principles in Argentina.

Examples of Closing Current Assets in a sentence

• Closing Current Assets Adjustment..................12 SECTION 1.06.

• Closing Current Assets will exclude any and all inter-company receivables, payables or other balances between the Seller or any Subsidiary, on the one hand, and the Seller or any Subsidiary, on the other hand.

• The “Purchase Price” shall be an amount equal to (i) $53,000,000 minus (ii) an amount equal to the Closing Liabilities, up to the Closing Liability Cap minus (iii) an amount by which Closing Current Assets is less than Target Current Assets, if any, plus (iv) an amount by which Closing Current Assets exceeds Target Current Assets, if any, minus (v) any amounts the Purchaser is entitled to deduct from the Purchase Price pursuant to Section 4.18 hereof.

• At least four (4) Business Days prior to Closing, DDD shall deliver to the Buyers a statement (the “Estimated Closing Statement”) setting forth its good faith estimates of Closing Current Assets, Closing Assumed Liability Amount together with a calculation of the Purchase Price based on such estimates (the “Estimated Purchase Price”).

• If Ligand is unable to develop or contract on acceptable terms for manufacturing services, Ligand's ability to conduct preclinical testing and human clinical trials will be adversely affected, resulting in the delay of submission of products for regulatory approval and delay of initiation of new development programs, which in turn could materially impair Ligand's competitive position.

More Definitions of Closing Current Assets

Closing Current Assets shall have the meaning set forth in Section 1.9(b).

Closing Current Assets is defined in Section 2.2(a).

Closing Current Assets and "Closing Current Liabilities," respectively). The Closing Balance Sheet shall (v) include only the assets, liabilities and stockholders' equity of the Acquired Business and the Joint Venture Interest (x) fairly present the financial position of PMSI Database as at the close of business on the Closing Date in accordance with generally accepted accounting principles applied on a basis consistent with those used in the preparation of the PMSI Database Balance Sheet, (y) include no material increase in long-term indebtedness and include line items substantially consistent with those in the PMSI Database Balance Sheet, and (z) subject to the provisions of clause (x) above, be prepared in accordance with accounting policies and practices consistent with those used in the preparation of the PMSI Database Balance Sheet.

Closing Current Assets means the current assets of the Company as of the Closing, calculated in accordance with generally accepted accounting principals (“GAAP”), and (z) the term “Closing Current Liabilities” shall mean the current liabilities of the Company as of the Closing, calculated in accordance with GAAP (but not taking into account the Company Promissory Notes (as defined below)). Closing Current Assets and Closing Current Liabilities shall be determined by the Purchaser in good faith at the time of the Closing and shall be conclusive.

Closing Current Assets means Current Assets as of the Adjustment Time, determined in accordance with Section 2.4(e).

Closing Current Assets means current assets of the Company ---------------------- (consisting of any accounts receivable, inventory, prepaid expenses and cash and cash equivalents) on a consolidated basis as of the Closing Date as shown on the Closing Financial Statements.

Closing Current Assets means the aggregate amount of all Current Assets of the Business as of the Calculation Time, determined in accordance with Section 2.03.