Completion NAV definition

Completion NAV the combined net asset value of the Companies at the Completion Date determined in accordance with Clause 5 and Schedule 5 and as set out in the Completion Statement; Completion NAV Target: Net Liabilities of £49,606 (such sum having been agreed between the Vendor and the Purchaser and as set out in the Initial Consideration Statement);

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Completion NAV means the aggregate value of the assets of the Company less the aggregate amount of the liabilities of the Company as shown in the Completion Net Asset Statement

Completion NAV the adjusted net asset value of the Property Group as at

Examples of Completion NAV in a sentence

Completion NAV shall be prepared and agreed or determined in accordance with Schedule 6 (Completion Accounts).
If the Completion NAV as shown in the Completion Account shows a deficit ( or negative value) of more than HK$20,000,000, then the Vendor shall pay to the Purchaser an amount in cash equivalent to the difference between the Completion NAV and the Benchmark Value on a dollar-to-dollar basis within 30 Business Days after the Completion Account is issued and delivered by the Purchaser to the Vendor.
If the Sellers do not raise any queries or observations in respect of the Completion Statement within twenty one days following delivery thereof to them or if they agree the Completion Statement, then the Completion Statement shall be final and binding on the parties, and the Completion NAV shall be as set out in the Completion Statement.
The consideration for the Shares shall be the payment to the Vendor of a sum equal to the Completion NAV as determined or agreed in accordance with schedule 7 less the sum of L.220,000.
The Buyer and the Sellers shall promptly provide and render or cause to be provided and rendered to the Independent Accountant such information and assistance as they may reasonably require to enable the Independent Accountant to determine the Completion NAV.

More Definitions of Completion NAV

Completion NAV the consolidated net asset value of the Target Company as at the Completion Date “Consideration” the aggregate sum of HK$93,000,000 to be paid by the Purchaser to the Vendor for the Acquisition “Conversion Price” HK$0.25 per Conversion Share initially (subject to adjustment pursuant to the terms of the Convertible Bonds) “Conversion Share(s)” new Share(s) to be allotted and issued to the holder of the Convertible Bonds upon any exercise of the conversion rights under and pursuant to the Convertible Bonds “Convertible Bonds” Convertible Bonds A and Convertible Bonds B “Convertible Bonds A” the zero-coupon convertible bond in a principal amount of HK$23,000,000 proposed to be issued by the Company to the Vendor (or his direct or indirect wholly owned company) pursuant to the Sale and Purchase Agreement “Convertible Bonds B” the zero-coupon convertible bond in a principal amount of HK$23,500,000 proposed to be issued by the Company to the Vendor (or his direct or indirect wholly owned company) pursuant to the Sale and Purchase Agreement “Director(s)” the director(s) of the Company “GEM Listing Rules” the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange

Completion NAV. ’ means (i) the aggregate of all assets of the Disposal

Completion NAV the adjusted consolidated net asset value of the Target Company as at the Completion Date derived from the pro forma completion accounts or the audited completion accounts (as the case may be), as at the Completion Date, prepared in accordance with the Sale and Purchase Agreement

Completion NAV as defined in part 1 of schedule 7; "the Disclosure Letter" the letter having the same date as this document from the Vendor's Solicitors to the Purchaser's Solicitors together with the copy documents attached to it;

Completion NAV. The sum calculated in accordance with paragraph 2.3 of this Schedule "Earn-out" Any sum payable as Additional Consideration under paragraph 12 of this Schedule "Earn-out Period" The twelve month period commencing on 1 April 1997 and ending on 31 March 1998

Completion NAV the net asset value of the Target Company, adjusted by excluding (among other things) the value of the Property, deferred tax liabilities and all amounts owing by the Target Company to the Vendor or to Swire Properties, as at the close of business on the Completion Date

Completion NAV means the aggregate net asset value of the Companies as at the Effective Time as set out in the Completion Statement.