Examples of Fixed Asset Amount in a sentence
If an optionee whose employment terminates for reasons other than death or disability dies during the three-month period described above, such optionee's Options shall expire one year from the date of termination of employment, during which time they may be exercised to the extent exercisable on the date of termination.
The Base Purchase Price shall be further reduced, at Closing, by $1.00 for each $1.00 that the value of the Seller's Tangible Fixed Assets, as reflected on the Preliminary Closing Balance Sheet (the "Closing Tangible Fixed Asset Amount") is less than $35,000 (the "Closing Tangible Fixed Asset Adjustment").
Within 60 days after the Closing Date, the Purchaser and its auditors will conduct a review (the "Closing Review") of (i) the Sprintank Inventory Amount, (ii) the Sprintank Prepaid Expenses Amount and (iii) the Sprintank Fixed Asset Amount, each as of the close of business on the day before the Closing Date, and will prepare and deliver to the Seller a computation of such amounts as of the close of business on the day before the Closing Date (the "Draft Computation").
Maximum Fixed Asset Amount - the sum of (i) the Canadian Maximum Fixed Asset Amount plus (ii) the U.S. Maximum Fixed Asset Amount.
The Base Purchase Price shall be further reduced, at Closing, by $1.00 for each $1.00 that the value of the Seller's Tangible Fixed Assets, as reflected on the Preliminary Closing Balance Sheet (the "Closing Tangible Fixed Asset Amount") is less than $115,000 (the "Closing Tangible Fixed Asset Adjustment").