Final Net Equity definition
Examples of Final Net Equity in a sentence
If the Final Net Equity Book Value is less than the Closing Net Equity Book Value, CAG and CFFIC shall pay, within ten (10) Business Days of the receipt of such Final Balance Sheet, an amount equal to such deficit to Investor by wire transfer in immediately available funds to an account specified by Investor.
For purposes of this Agreement, “Final Purchase Price” means the dollar amount resulting from the sum of the Purchase Price (i) plus the amount by which the Final Net Equity exceeds the Target Net Equity or (ii) minus the amount by which the Target Net Equity exceeds the Final Net Equity, as the case may be.
The Compass Shareholders shall have thirty (30) days to object to or accept the Final Net Equity report.
Compass Shareholders and the Purchaser fail to resolve the issues outstanding with respect to the Final Net Equity report within ten (10) business days of Purchaser’s receipt of the objection notice, the parties shall submit the issues remaining in dispute to the Independent Accountants (as defined in Section 1.9) in accordance with Section 1.9.
The Proposed Final Balance Sheet shall reflect the Closing Net Equity Book Value together with the Agreed Adjustments (the “Proposed Final Net Equity Book Value”) of the Transferred Companies and their respective Subsidiaries as of 12:01 a.m. Central Time on the Closing Date and shall be prepared in accordance with GAAP on a basis consistent with the Closing Balance Sheet (but including the Agreed Adjustments).
In the case in which the Final Net Equity is less than the Preliminary Net Equity, the amount equal to the difference between the Final Net Equity and the Preliminary Net Equity.
The Final Net Equity report will be prepared in accordance with generally accepted accounting principles (“GAAP”).
If the Estimated Remediation Costs are $100,000 or less, then Seller shall promptly either (I) cause the remedial and corrective actions contemplated in the phase two report or reports to be taken in a manner reasonably satisfactory to Acquiror, or (II) notify Acquiror in writing that Seller does not intend to cause such remedial and corrective actions to be taken, in which case the Net Equity, Closing Net Equity and Final Net Equity shall each be reduced by $100,000.
The cash amount equal to the Preliminary Purchase Price (i) plus the Final Net Equity Surplus Amount, if any, or (ii) minus the Final Net Equity Deficit Amount, if any.
In the event that the Final Net Equity determined from the Final Balance Sheet is greater than the Base Net Equity, then, on or before the Post-Closing Payment Date, the Company (and, if the Company fails or refuses to, for any reason whatsoever, then, Buyer) shall pay Seller the Equity Surplus Amount in cash.