Net Assets Surplus definition

Net Assets Surplus means the amount, if any, by which the Closing Net Assets exceed $250,000.
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Net Assets Surplus means the amount by which, if any, the Closing Net Assets exceed the Target Net Assets.
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Examples of Net Assets Surplus in a sentence

  • Concurrently with the delivery of the Closing Statement of Net Assets, Seller shall deliver to the Buyer its calculation of the Net Assets Surplus or the Net Assets Deficiency, if any, and the Post Closing Payment, if any.

  • At the Closing, in consideration for the transfer by Seller to Purchaser of the Shares, Purchaser will pay to Seller an amount equal to (a) $969,027,000 (the “Purchase Price”), plus (b) the Estimated Tangible Net Assets Surplus, if any, and minus (c) the Estimated Tangible Net Assets Shortfall, if any (such sum, the “Closing Date Cash Payment”).

  • Upon payment in full of such excess amount to the Exchange Agent, Parent shall have no further obligation in respect of the payment of such Closing Net Assets Surplus to any of the Shareholders.

  • The Parent shall have the option in its sole and absolute discretion to make the payment of such excess by remitting to the Exchange Agent either cash (by wire transfer of immediately available funds to such bank account(s) as shall be designated in writing by the Exchange Agent), Parent Common Shares (with an aggregate fair market value equal to the Closing Net Assets Surplus) or any combination of cash and Parent Common Shares the aggregate value of which equals such excess.

Related to Net Assets Surplus

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Net Assets sale," "sell" and "security" shall have the same meanings as such terms have in the 1940 Act, subject to such exemption as may be granted by the SEC by any rule, regulation or order. Where the effect of a requirement of the federal securities laws reflected in any provision of this Agreement is made less restrictive by a rule, regulation or order of the SEC, whether of special or general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order. This Agreement may be signed in counterpart.

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of: