Net Assets Statement definition

Net Assets Statement has the meaning set forth in Section 3.2(a).

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Net Assets Statement shall have the meaning set forth in Section 4.3.

Net Assets Statement means the statement in the format set out in Part 3 of Schedule 10 setting out the Net Assets prepared and agreed or determined in accordance with Clause 6 and Schedule 10;

Examples of Net Assets Statement in a sentence

• An investment asset is recognised in the Net Assets Statement on the date the Fund becomes party to the contractual acquisition of the asset.

• The values of investments as shown in the Net Assets Statement have been determined as follows: • quoted equity securities and fixed interest securities traded on an exchange are accounted for at bid market price; • index linked securities traded on an exchange are valued at bid market value; • unitised managed funds are valued at the closing bid price if bid and offer prices are reported by the relevant exchange and in the Investment Manager’s valuation report.

• All trade accounts receivable of Seller arising exclusively from the conduct of the Business and included in the Net Assets Statement as described in Section 3.2(a) (the “Accounts Receivable”).

• Contingent assets are not recognised in the Net Assets Statement however details are disclosed in Note 22.

• For illustration purposes, a Net Assets Statement as of June 30, 2011 is included in Schedule 3.2(a).

More Definitions of Net Assets Statement

Net Assets Statement means the form of statement attached hereto as Exhibit B, which includes all categories of assets and liabilities to be used to calculate Estimated Net Assets and Final Net Assets.

Net Assets Statement has the meaning set out in Section 2.04(2).

Net Assets Statement means the statement showing the Net Assets to be prepared and agreed (or determined) in accordance with the provisions of this Part 15 of the Schedule.

Net Assets Statement has the meaning ascribed thereto in Clause 5.

Net Assets Statement has the meaning given to it in Part 15 of the Schedule;

Net Assets Statement means the statement of Net Assets agreed or determined in accordance with clause 6; "Net Sales" means the consolidated net sales of the Companies to third parties for the year ended 31st December, 1994; "Net Sales Statement" means the statement of Net Sales agreed or determined in accordance with clause 6; "Non-Compete Agreement" means the Non-Compete Agreement in the Agreed Form; "Properties" means the UK Properties and the European Properties "Property" means any of them; "Purchaser's Accountants" means KPMG of 1 Puddle Dock, Blackfriars, London EC4V 3PD; "Purchase Ag▇▇▇▇▇▇▇" ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, 1995 between Checkpoint and the Seller relating to the sale and purchase of all the issued share capital of Actron; "Purchaser's Group" means the Purchaser and its subsidiaries for the time being (including the Companies), any holding company for the time being of the Purchaser and any other subsidiary of that holding company;

Net Assets Statement means the combined balance sheet of the Sale Group as at the Relevant Date prepared in accordance with the provisions of paragraph 9 below;