Contingent Assets definition

Contingent Assets means the value of contingent receivables of the Company, which shall be calculated in accordance with Schedule 11 by the Closing Diligence Advisor.
Contingent Assets shall have the meaning set forth in Section 6.15(c) of this Agreement.
Contingent Assets means all recoveries by the Debtor or any of its Subsidiaries (other than the Initial Payment, Expense Savings, Contingent Expense Savings or Holdback Proceeds), including, without limitation, any tax refunds, any proceeds from the sale of tax losses or attributes, any proceeds from the sale, farmout or development of the Deep Rights, the Rosablanca property or any other oil and gas properties of the Debtor or the Subsidiaries after the Effective Date and any proceeds from Litigation Claims.

Examples of Contingent Assets in a sentence

  • Contingent Assets are neither recognized nor disclosed in the financial statements.

  • Contingent Assets are neither recognised nor disclosed in the financial statements.

  • Contingent Assets A contingent asset arises where an event has taken place that gives the Council a possible asset whose existence will only be confirmed by the occurrence or otherwise of uncertain future events not wholly within the control of the Council.

  • Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance Sheet date.

  • Contingent Assets are neither recognized nor disclosed in the financial statement.


More Definitions of Contingent Assets

Contingent Assets means those assets set forth in Section 1.5(a) of the Company Disclosure Schedule. Each Contingent Asset shall be valued at no more than the after-tax value of each such asset as set forth in Section 1.5(a) of the Company Disclosure Schedule (the “Maximum Potential Contingent Asset Value”).
Contingent Assets shall include (i) the Final Net Profit Payment, (ii) the Prorated Tax Adjustment (as defined below), if positive, (iii) the Refunded Litigation Reserves, (iv) any Other Manager Payments (as defined below) and (v) all claims or demands of any nature whatsoever, known or unknown, anticipated or unanticipated, accrued or unaccrued, which have been or may be asserted by or on behalf of the Partnership, and which arise out of events occurring prior to the Closing with respect to the Material Contracts.
Contingent Assets means that part of the […]portfolio that may be disposed of in accordance with the provisions of Clause 11 herein;
Contingent Assets means, as of any date, all claims and causes of action other than Bankruptcy Causes of Action as described in Section 8.4 hereof that remain outstanding and subject to recovery by and for the benefit of the Distribution Trust, specificallyexcluding any asset which is subject to the liens and security interests amended and restated pursuant to the Exit Financing Documents.
Contingent Assets shall include (i) one-half of the Refunded Incentive Management Fee, (ii) the Prorated Tax Adjustment (as defined below), if positive, (iii) the Refunded Litigation Reserves, (iv) any Other Manager Payments (as defined below) and (v) all claims or demands of any nature whatsoever, known or unknown, anticipated or unanticipated, accrued or unaccrued, which have been or may be asserted by or on behalf of the Partnership, and which arise out of events occurring prior to the Closing with respect to the Material Contracts.
Contingent Assets means, as of any date, all escrows, notes, residual interests, working capital adjustments and preferred shares listed on Exhibit A hereto that remain outstanding and subject to recovery or liquidation in whole or in part by the Debtors or the Liquidating Agent.
Contingent Assets means the Holthouse Claim and the IVC/Burbank Lease Renegotiation.