Net Accruals definition
Net Accruals means interest, dividends, and/or an increase in value of stock or bonds or other investments, less any costs.
Net Accruals means the amount of Fees, expenses and other amounts accrued but not received by the Seller Parties under the Assumed Credit Agreements, plus the amount of any prepaid expenses relating to items that will accrue to the benefit of Buyer after the Effective Time, less the amount of any accrued but unpaid expenses relating to Transferred Employees (including any accrued but unpaid bonus, incentive compensation and other employee-related expenses), in each case determined as of the Effective Time in accordance with GAAP.
Examples of Net Accruals in a sentence
The aggregate consideration to be paid by Buyer to Seller (for the benefit of the Seller Parties) for the sale of all of the Transferred Assets and the assumption of the Assumed Liabilities in this Agreement shall be an amount in cash equal to the Loan Portfolio Purchase Price Amount, as such amount may be adjusted as a result of Credit Accounts and Net Accruals, if any, pursuant to Sections 3.03, 3.05, 3.06 and 3.07 (as so adjusted, the “Purchase Price”).