DFCE definition

DFCE means debt free common equity of the FIR Group Companies at March 31, 1997 (the "Price Date") and shall equal (x) the aggregate Lira amount of FGC's Total Assets (as defined below) less (y) the aggregate Lira amount of all FGC's liabilities except net worth, unpaid indebtedness as defined above in article 3(1)(b)(i) and income taxes payable. For example purposes only, FGC's DFCE as of July 31, 1996, is set forth on Exhibit B. In the calculation of DFCE, FGC will use Italian GAAP, including all year end accruals and adjustments and shall include and reflect the Acquisition of TEA consolidated on a line by line basis (defined below). The minimum DFCE at the Price Date shall be Lit.____________, or such amount as will result from the audited consolidated balance sheet as of July 31st 1996 prepared by Coopers & Lybrand pursuant to section ▇▇.▇.(d)(i).
View Source
DFCE means debt free common equity and shall equal (x) the aggregate dollar amount of the Company's Total Assets (hereinafter defined) less (y) the aggregate dollar amount of the Permitted Liabilities. For example purposes only, the Company's DFCE as of July 31, 1997 is set forth on Exhibit 1.
View Source

Examples of DFCE in a sentence

  • The Base Purchase Price shall be adjusted in the manner set forth in this Section 3.1(c) (the "DFCE Price Adjustment Amount").

  • Immediately after the completion of the Closing Financials and Computations, and the review and acceptance of the same by the Sellers, or, if applicable the resolution in accordance herewith of any dispute between the parties with respect to the Closing Financials and Computations, the parties agree that the Reserve Amount, or portions thereof, shall be retained by Holdings to satisfy any deficiency in the DFCE requirement described in Section 1.4(a) above (the "Deficiency").

  • Notwithstanding anything in this Agreement to the contrary, the DFCE at the Closing shall not be less than $4,000,000, plus all earnings and profits of the Company from July 31, 1997 to the Closing Date (hereinafter defined) less $600,000 (which is the amount described in Exhibit 2.9 distributed to Sellers in October, 1997).

  • Immediately after the Closing, at no cost to the Sellers, Holdings will have prepared by Ernst & Young LLP a balance sheet of the Company as of the Closing Date, together with a calculation of DFCE at the Closing Date (the "Closing Financials and Computations").

Related to DFCE

  • RCPSC means the Royal College of Physicians and Surgeons of Canada.

  • LHIN Cluster has the meaning ascribed to it in the Accountability Agreement and is a grouping of LHINs for the purpose of advancing Digital Health initiatives through regional coordination aligned with the MOHLTC’s provincial priorities.

  • NPCC means the Northeast Power Coordinating Council, Inc. (a reliability council under Section 202 of the Federal Power Act) or any successor organization.

  • obsrvd_agnt_cd ;"count erparty_identifier";"entty_rl";"cntrct_id";"instrmnt_id";" reporting_reference_date" Alpha-numeric Semicolon-separated string of all column names. Field names are put in double quotation marks. 1 reporting_agent_identifier Variable characters (60) 60 identifier domain 2 obsrvd_agnt_cd Variable characters (60) 60 identifier domain 3 counterparty_identifier Variable characters (60) 60 identifier domain 4 entty_rl Variable characters (25) 25 counterparty-instrument role type 5 cntrct_id Variable characters (60) 60 identifier domain 6 instrmnt_id Variable characters (60) 60 identifier domain 7 reporting_reference_date Date reporting reference date

  • VET means vocational education and training.