Deemed Assets definition
Deemed Assets means an amount equal to the aggregate amount of assets under management of all Clients (and all accounts of all such Clients) of the Asset Management Business as of the Brokerage Closing; provided that, in determining the amount of assets under management of any account of any Client not transferred to Buyer by June 30, 2003, the amount of such assets under management shall equal the amount of assets under management of such account as of the Brokerage Closing and not on any later date.