Closing Net Amount definition

Closing Net Amount means the amount of the Closing Working Capital Assets less the amount of the Closing Working Capital Liabilities.
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Closing Net Amount means the amount determined as follows:
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Closing Net Amount means the net amount of the difference between the Closing Date Working Capital reflected in the Closing Date Statement and the Target Working Capital Amount. The amount, if any, by which the Closing Net Amount (if positive) exceeds the Collar Amount is referred to herein as the “Positive Closing Adjustment Amount” and the amount, if any, by which the Closing Net Amount (if negative, expressed as a positive number) exceeds the Collar Amount is referred to herein as the “Negative Closing Adjustment Amount.” The Closing Net Amount will be deemed to result in “no adjustment” if the Closing Net Amount (expressed as a positive number) is less than the Collar Amount.
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Examples of Closing Net Amount in a sentence

  • If a written agreement resolving any disputed item has not been reached within 45 calendar days after the date of receipt by Grace of Buyer's notice of objection to the Closing Net Amount or the Contribution Margin Adjustment, then either Grace or Buyer may, by notice to the other refer their differences to a "Big Six" accounting firm to be agreed upon, other than Price Waterhouse or Buyer's independent accountants (the "CPA Firm").

  • The Total Purchase Price shall be increased by the amount of any increase, or decreased by the amount of any decrease, in the amount of the Closing Net Amount from the 1995 Net Amount.

  • As soon as practicable after the Closing, but in no event later than 120 calendar days after the Closing, Grace shall deliver to Buyer a statement setting forth Grace's determination of the Closing Net Amount (the "Closing Statement"), together with a report of Price Waterhouse stating whether the Closing Net Amount shown on the Closing Statement has been determined, in all material respects, in accordance with the terms of this Agreement.

  • All amounts deemed paid and discharged pursuant to Section 16.3 or retained or assumed by any member of the Grace Group (or for which Grace has agreed to indemnify the Buyer Group) as of the Closing Date in accordance with any of the Ancillary Agreements, shall be excluded from the assets and liabilities to be considered in the calculation of the Closing Net Amount.

  • If Buyer is able to establish that the representation in Section 5.6 with respect to the 1995 Dearborn Statement of Net Assets was inaccurate, then both the 1995 Dearborn Statement of Net Assets and the Closing Net Amount shall be restated using the corrected accounting principles and levels of materiality that would cause such representation to be accurate, and the Total Purchase Price shall be adjusted accordingly.

  • The Closing Net Amount shall be determined in U.S. dollars on a going concern basis, in accordance with U.S. GAAP applied on a basis consistent with the accounting principles used in the preparation of the 1995 Dearborn Statement of Net Assets, and using the same account classifications, closing procedures and levels of materiality as those used in the preparation of the 1995 Dearborn Statement of Net Assets.

  • If Buyer does not object to the Closing Net Amount shown on the Closing Statement delivered by Grace, by written notice of objection delivered to Grace within 60 calendar days after Buyer's receipt of such statement, describing in reasonable detail each of its proposed adjustments to Grace's determination thereof, then the Closing Net Amount shown on the Closing Statement shall be final and binding on all parties to this Agreement.


More Definitions of Closing Net Amount

Closing Net Amount have the respective meanings given such terms in Section 4.2. "Code" means the Internal Revenue Code of 1986, as amended.
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Closing Net Amount have the respective meanings given such terms in Section 4.2.
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Related to Closing Net Amount

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Remaining Net Positive Adjustments means as of the end of any taxable period, (i) with respect to the Unitholders holding Common Units or Subordinated Units, the excess of (a) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated Units as of the end of such period over (b) the sum of those Partners’ Share of Additional Book Basis Derivative Items for each prior taxable period, (ii) with respect to the General Partner (as holder of the General Partner Units), the excess of (a) the Net Positive Adjustments of the General Partner as of the end of such period over (b) the sum of the General Partner’s Share of Additional Book Basis Derivative Items with respect to the General Partner Units for each prior taxable period, and (iii) with respect to the holders of Incentive Distribution Rights, the excess of (a) the Net Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (b) the sum of the Share of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Target Amount is defined in Section 4.3(b)(i).

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Party B Final Exchange Amount The Sterling equivalent of the Party A Final Exchange Amount converted by reference to the Dollar Currency Exchange Rate.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Fee has the meaning set forth in Section 2.09(c).