Net Current Asset Value means the book value (lower of Gold Xxxx cost or market) of the Inventory, net of usual and customary reserves, computed on a first-in first-out basis in accordance with GAAP and the Inventory Procedures, plus the Accounts Receivable as valued pursuant to GAAP and the Receivables Valuation Procedures, and plus the Prepaid Expenses, as defined herein, less the accrued expenses and the trade accounts payable of the Inputs Business, all as calculated in accordance with GAAP; provided, however, that neither the current portion of the Xxxxxxx County, Georgia XXX Xxxx nor the current portion of the Xxxxx Xxxxx Lease will be included as a liability in this computation if and to the extent that any such current portion is included in the total amount of such respective obligation deducted in the calculations of the Estimated Purchase Price pursuant to Section 4.2. and the Final Purchase Price pursuant to Section 4.4.
Net Current Asset Value means an amount in HK$ equal to (i) all assets of the Group that, in accordance with HKFRS, are reflected as current assets on the applicable balance sheet; minus (ii) all liabilities of the Group that, in accordance with HKFRS, are reflected as current liabilities on the applicable balance sheet;
Net Current Asset Value means the aggregate value of stocks, debtors, cash at bank and in hand, prepayments and accrued income of the Company less the aggregate of all creditors of the Company in each case as at the close of business on the Completion Date, as shown in the Completion Accounts to be agreed or determined in accordance with Clause 4 and Schedule 5.
Examples of Net Current Asset Value in a sentence
Vu (with Beni Lauterbach), Evidence on the Overreaction Hypothesis: The Case of Management Awards, Winter 1992; (with Beni Lauterbach), Ben Graham’s Net Current Asset Value Rule Revisited, Winter 1993; (with Jorge L.
Vu), Ben Graham’s Net Current Asset Value Rule Revisited, Winter 1993Edward R.
The results of such physical count and inspection shall be used to determine the value of the Inventory to be set forth on the Post-Closing Statement of Net Current Asset Value.
Except as set forth in Schedule 6.12, all Inventory consists of, and will at the Closing Date consist of, a quantity and quality usable and saleable in the ordinary course of business, except for obsolete items and items of below-standard quality, all of which shall be appropriately written-off or written down in accordance with the Inventory Procedures in the Post-Closing Statement of Net Current Asset Value.
In connection with the preparation of the Post-Closing Statement of Net Current Asset Value, Gold Xxxx shall be permitted to observe the preparation thereof, and to review all work papers, books and records of Southern States and its accountants associated with such preparation.
More Definitions of Net Current Asset Value
Net Current Asset Value means the value of the net current assets of the Business calculated as the difference between the “Current Assets Being Transferred” and “Current Liabilities and Provisions Being Transferred”, within Forty (40) Calendar Days after the Execution Date or such other earlier date as may be determined by the Purchaser, which shall be determined in accordance with the valuation method which is set out in Schedule 8.
Net Current Asset Value means the aggregate of (a) trade and other receivables;
Net Current Asset Value the excess of (x) the sum of cash and cash equivalents, accounts receivable, inventory and prepaid expenses over (y) the sum of accounts payable and accrued liabilities, each such current asset and current liability account to be prepared consistently with the June 30, 1998 balance sheet included in the Financial Statements.
Net Current Asset Value means the sum of the book value of the trade accounts receivable, work in progress, unbilled work, prepaid expenditures and other current assets of Seller as reflected on the Final Balance Sheet (excluding any current assets included among the Excluded Assets), minus the sum of the trade accounts payable, accrued expenses, billings in excess of charges, and other current liabilities of Seller as reflected on the Final Balance Sheet, in all cases determined in accordance with GAAP.
Net Current Asset Value means the sum of the book value of the trade accounts receivable, work in progress, unbilled work, prepaid expenditures and other current assets of Seller as reflected on the Final Balance Sheet (excluding any current assets included among the Excluded Assets), minus the sum of the trade accounts payable, accrued expenses, xxxxxxxx in excess of charges, and other current liabilities of Seller as reflected on the Final Balance Sheet, in all cases determined in accordance with GAAP.
Net Current Asset Value means the book value of the Company's current assets as of the applicable measurement date minus the Company's current liabilities as of the same date, each of which shall be determined in accordance with GAAP. Within ninety (90) days following the Closing, Buyer shall provide Sellers with a Schedule prepared by Buyer in good faith showing (i) the Net Current Asset Value as of the Closing Date, (ii) the average Net Current Asset Value for the three month period ended March 31, 2005, and (iii) an estimate of the amount of the adjustment to the Purchase Price, if any ("Buyer's Adjustment Schedule"). In order for Buyer to prepare its Buyer's Adjustment Schedule, the Sellers shall provide Buyer a copy of the Company's April 2005 financial statements on or before May 31, 2005. Unless Sellers shall provide Buyer with written objection to the Buyer's Adjustment Schedule within thirty (30) days following Sellers' receipt thereof, the Buyer's Adjustment Schedule shall become final, binding and conclusive upon the parties for purposes of this Agreement and Buyer shall be entitled to have the Purchase Price adjustment amount reflected in the Buyer's Adjustment Schedule released to Buyer from the Escrow Amount or otherwise. If Sellers timely provide said objection to the Buyer's Adjustment Schedule, and the parties are unable to reach a mutual agreement as to the Purchase Price adjustment amount within a period of thirty (30) days following such objection by Sellers, then within seven (7) days thereafter, the calculation of the Purchase Price adjustment shall be submitted to an independent certified public accountant mutually selected, in writing, by the parties for such purpose ("Independent Accountant"). Each party shall thereupon furnish to the Independent Accountant such work papers and other documents and information requested by the Independent Accountant. The Independent Accountant shall determine the Purchase Price adjustment within thirty (30) days following the date of its appointment, which determination shall be final, binding, and conclusive upon the parties. The parties shall bear all costs, fees and expenses of the Independent Accountant equally.
Net Current Asset Value means the book value of the current assets included in the Purchased Assets less the current Liabilities included in the Assumed Liabilities, calculated in accordance with GAAP in a manner consistent with the past practices of the Sellers in the preparation of the Interim Balance Sheet.