Estimated Asset Value definition
Examples of Estimated Asset Value in a sentence
For purposes of preparing the Estimated Closing Statement, Estimated Asset Value Statement, Initial Closing Statement, Initial Asset Value Statement, Final Closing Statement and Final Asset Value Statement and calculating any amounts required to be calculated therefrom, such statements shall be prepared as of the close of the last calendar day of the month immediately preceding the month in which the Closing occurs (the “Accounting Date”).
Prior to the Anticipated Commencement Date, Old VII shall determine in good faith its estimates of the Capital Expenditure Amount (the "Estimated Capital Expenditure Amount"), the Inventory Amount (the "Estimated Inventory Amount"), the Telecom Amount (the "Estimated Telecom Amount"), Working Capital ("Estimated Working Capital"), the Asset Value (the "Estimated Asset Value"), and the Fixed Amount (the "Estimated Fixed Amount") based on information available to it at the time it makes such estimates.
Subject to FRE 408 ========================================================================================================== Estimated Asset Value - As of August 31, 2006 ($ in millions) 8/31/2006 Estimate -------- Refco Group Ltd.
If the Asset Value on the Actual Asset Value Statement is greater than the Asset Value on the Estimated Asset Value Statement, the amount of such difference (the “Buyer Payment”) shall be paid by Buyer to Parent by wire transfer within ten (10) days of such determination unless disputed in good faith in accordance with Section 1.3(c) below; provided, however, that in no event shall the Buyer Payment exceed the Asset Value Adjustment Amount.
Based on the Estimated Asset Value Statement, the Aggregate Consideration will be adjusted down at the Closing on a dollar for dollar basis to the extent that the Asset Value is less than Fifteen Million Five Hundred Thousand Dollars ($15,500,000) with the amount of such adjustment referred to herein as the “Asset Value Adjustment Amount”.
If the Estimated Asset Value is greater than the amount shown as the value of the assets on the Final Balance Sheet, Seller shall return the excess to Purchaser by December 18, 2007.
If the amount shown as the value of the assets on the Final Balance Sheet is greater than the Estimated Asset Value, Purchaser shall deliver to Seller the excess by December 18, 2007.
Based on the Physical Inventory, the Purchase Price shall be adjusted as follows to reflect the difference, if any, between (1) the estimated value of the Inventory and the Fixed Assets totalling Three Million Three Hundred Eighteen Thousand Three Hundred Twenty ($3,318,320) (the "Estimated Asset Value"), and (2) the value of the Inventory and Fixed Assets reflected in the Physical Inventory (the "Actual Asset Value").
If the Asset Value on the Actual Asset Value Statement is less than the Asset Value on the Estimated Asset Value Statement, the amount of such difference (the “Parent Payment”) shall be paid by Parent to Buyer by wire transfer within ten (10) days of such determination unless disputed in good faith in accordance with Section 1.3(c) below.
Section 3.1 Determination of Estimated Asset Value.....................