Closing Working Capital Assets means the sum of certain current assets of the Company and its Subsidiaries on a consolidated basis as of the close of business on the Closing Date, as such asset accounts are described on Exhibit I.
Closing Working Capital Assets means the aggregate of receivables (excluding receivables included within deferred income and VAT on such receivables within deferred income), prepayments (excluding FASB Asset and amounts corresponding to the line items "Other Debtors DLA" and "Escrow Ac-Esat"), inventories and work-in-progress as of the Closing Date and as set out on the Closing Date Balance Sheet (it being understood that Closing Working Capital Assets shall not include Cash Balances or amounts included in Intra-Group Indebtedness). For the avoidance of doubt, reference is hereby made to the Base Working Capital Schedule;
Closing Working Capital Assets means the aggregate amount, as of 11:59 p.m. local time on the Closing Date, of cash, accounts receivable, inventories and other current assets that are included in the Total Dearborn Assets.
Examples of Closing Working Capital Assets in a sentence
Staff will be invited, during the Summer and Autumn of 2019, to declare whether they have a circumstance, as listed in 4.5.3, above, that they would like the University to be made aware of.
For the avoidance of doubt and solely for the purposes of this Clause 7, (i) accounts included in fixed assets in the March Balance Sheet shall not be reallocated to balances included within the Closing Working Capital Assets; and (ii) accounts included in Current Assets in the March Balance Sheet shall not be reallocated to asset balances not included within Closing Working Capital Assets.
More Definitions of Closing Working Capital Assets
Closing Working Capital Assets means the sum of the line items of current assets of (a) the Sold Company and (b) the Business included in the Transferred Assets (and only those line items) set forth in the Illustrative Closing Working Capital Calculation under the heading “Working Capital Assets”, on a combined basis, as of the Effective Time, in each case calculated in accordance with the Accounting Methodology; provided, however, that in no event will Closing Working Capital Assets include any (i) Cash, or (ii) any deferred Tax assets.
Closing Working Capital Assets means the sum of the following assets of each Asset Seller included in the Transferred Assets and such assets of the Transferred Companies, on a consolidated basis, as of the close of business on the Initial Closing Date: (a) net accounts receivable (including notes receivable but excluding intercompany accounts receivable and receivables relating to the Digital Display Networks, Inc. business), (b) net inventories (including the Inventory but excluding any inventory relating to the Digital Display Networks, Inc. business) and (c) other current assets (including any receivables relating to the “Other Current Assets” as set forth in the Combined Balance Sheet but excluding any insurance receivables), each of (a), (b) and (c) as prepared in accordance with U.S. GAAP and, to the extent consistent with U.S. GAAP, the accounting principles and methodologies followed by the Company in its preparation of the Combined Balance Sheet; provided, however, that in no event will Closing Working Capital Assets include any current or deferred Tax assets or cash and cash equivalents. An example of the calculation of Closing Working Capital Assets for June 29, 2012 is set forth on Exhibit C.
Closing Working Capital Assets means the sum of the following assets of each Seller included in the Transferred Assets, on a consolidated basis, as of the close of business on the Closing Date: (a) accounts receivable and (b) inventory (including the Inventory), each of (a) and (b) as determined using the same accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used by the Company in the preparation of the Financial Statements (the “Balance Sheet Principles”); provided, however, that in no event will Closing Working Capital Assets include any deferred Tax assets.
Closing Working Capital Assets. Closing Working Capital Liabilities" and "Closing Net Amount" have the respective meanings given such terms in Section 4.2. "Code" means the Internal Revenue Code of 1986, as amended.
Closing Working Capital Assets means the sum of the following assets of the Acquired Companies as of the close of business on the Closing Date, as such asset accounts are set forth on the Current Balance Sheet, in each case determined consistent with past practice: (A) accounts receivable; (B) inventory; and (C) other current assets; provided, however, that in no event will Closing Working Capital Assets include any (1) current or deferred Tax assets or (2) amounts included in the Closing Cash Amount.
Closing Working Capital Assets means the sum of the categories of assets of the Sold Companies and the Sold Subsidiaries set forth on Exhibit A-2 under the heading “Working Capital Assets”, on a combined basis, as of the Effective Time, in each case calculated strictly in accordance with the Accounting Methodology; provided, however, that in no event will Closing Working Capital Assets include any (a) Cash, (b) assets related or attributable to Taxes (including any deferred Tax assets), (c) Non-Business Assets, (d) Intercompany Accounts receivable, or (e) any other category of assets of the Sold Companies and the Sold Subsidiaries that are not expressly included as line items on Exhibit A-2 under the heading “Working Capital Assets”.
Closing Working Capital Assets means the sum of the categories of assets set forth on Exhibit A-2 under the heading “Working Capital Assets,” of the Asset Seller included in the Transferred Assets, on a consolidated basis, as of the Effective Time, in each case calculated strictly in accordance with the Accounting Methodology; provided, however, that in no event will Closing Working Capital Assets include any (i) Cash, (ii) assets related or attributable to Taxes (including any deferred Tax assets), (iii) Intercompany Accounts receivable or (iv) any Excluded Asset.