Current Operating Assets definition
Current Operating Assets means, as of the Effective Time, accounts receivable, net of intercompany receivables, inventory, prepaids, and other current assets.
Current Operating Assets means cash and cash equivalents, trade accounts receivable, inventory, and other current assets, all determined on a consolidated basis in accordance with GAAP.
Current Operating Assets is calculated as set forth in Section 7.2(e) of the Company Disclosure Schedule.
Examples of Current Operating Assets in a sentence
Prior to the date hereof, the Company has delivered to Purchaser the Company’s good faith estimate of the Current Operating Assets and Current Operating Liabilities and based on such estimates, the Company’s good faith estimate of the Closing Net Working Capital (the “Estimated Closing Net Working Capital”) and the Estimated Closing Cash Consideration (the “Estimated Closing Statement”).