Current Asset Amount definition

Current Asset Amount means, at any time, an amount equal to the sum of, without duplication: (a) Net Eligible Accounts multiplied by 85%, plus (b) Net Eligible Inventory multiplied by 70%, minus (c) reserves established with respect to identifiable risks or contingencies by the Administrative Agent and Collateral Agent in their commercially reasonable discretion.
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Current Asset Amount means the value of the Inventory and the Consumables on hand as of the Closing Date calculated as set forth in this Section. Inventories on hand at the Closing Date as determined by the physical inventory referred to above will include items which have historically been carried on the books of the Sellers with respect to the ▇▇▇▇▇▇▇ Businesses and are held for sale in the ordinary course of business or are in the process of production for such sale. Consumables on hand at the Closing Date as determined by the physical inventory referred to above will include items which have historically been carried on the books (capitalized or expensed) of the Sellers with respect
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Current Asset Amount means the aggregate book value of those Subject Assets constituting current assets, including the Inventory, the Accounts Receivable and the Prepaids.
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Examples of Current Asset Amount in a sentence

  • Borrower shall from time to time prepay the Term Loans as set forth in Section 2.15(a) to the extent necessary so that the aggregate principal amount of Term Loans outstanding under this Agreement shall not at any time exceed the lesser of (i) the Maximum Amount and (ii) the Current Asset Amount, as reflected on the most recent certificate delivered to the Administrative Agent and the Lenders pursuant to Section 5.1(d).

  • The calculation by ITI and the Buyer or by the Arbiter, as the case may be, in accordance with this Section 3.3(e) shall be final, conclusive and binding and shall serve as the "Final Actual Current Asset Amount." The fees and expenses of the Arbiter shall be shared equally between the Buyer and ITI, with ITI's obligations to be satisfied from the Escrow Amount pursuant to the terms of the Escrow Agreement.

  • Based upon the Estimated Current Asset Amount and the Estimated Balance Sheet Assumed Liabilities Amount, the parties shall calculate an estimate of the Working Capital Amount as of the Closing Date (the "Estimated Working Capital Amount").

  • The aggregate of the Current Assets reflected on the Closing Date Balance Sheets shall hereinafter be referred to as the "Current Asset Amount" and the aggregate of the Balance Sheet Assumed Liabilities reflected on the Closing Date Balance Sheets shall hereinafter be referred to as the "Balance Sheet Assumed Liabilities Amount." The term "Working Capital Amount" shall mean the amount by which the Current Assets Amount exceeds the Balance Sheet Assumed Liabilities Amount.

  • Holdings and Borrower shall have delivered to Syndication Agent, Administrative Agent and Collateral Agent an originally executed Current Asset Amount Certificate detailing the calculation of the Current Asset Amount as of February 29, 2008 and demonstrating that the Current Asset Amount as of such date exceeds the Maximum Amount on the Closing Date.

  • For purposes of calculating the Estimated Net Current Asset Amount and the Final Net Current Asset Amount (as defined below), (x) inventory ("Inventory") shall be valued as set forth in SCHEDULE 2.4(a) and (y) accounts payable shall consist only of current accounts payable incurred in the ordinary course of the DZ Business ("Accounts Payable").

  • The Independent Accountant shall deliver a report setting out the Closing Net Current Asset Amount to the Parties within thirty (30) days of his appointment.

  • Within thirty (30) days after receipt of such items, the Member Representatives shall deliver to Purchaser a detailed written statement describing their objections, if any, to such balance sheet and determination of the Net Current Asset Amount.

  • The Buyer’s determination of the Trade Accounts Payable Amount, the Current Asset Amount and the Capital Asset Amount shall be final, conclusive and binding upon the parties for all purposes unless, within thirty (30) days after receipt of the Statement, the Seller notifies the Buyer in writing (the “Dispute Notice”), setting forth in reasonable detail, any dispute with any item contained in the Statement.

  • In consideration for the Purchased Assets, Buyer hereby assumes the Assumed Liabilities and pays Seller a purchase price of $2,075,000, plus the value of Accounts Receivable, Inventory and Prepaid Expenses to be estimated prior to and paid at the Closing (the "Estimated Current Asset Amount").


More Definitions of Current Asset Amount

Current Asset Amount shall have the meaning set forth in Section 2.5(b).
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Related to Current Asset Amount

  • Current Assessed Value means the annual taxable assessed value of all real and tangible

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • 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.