Net Current Assets definition

Net Current Assets means the net difference between the total current assets and the total current liabilities at 30 June;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Net Current Assets means for any date of determination the net current assets of such Person at such date of determination calculated as set forth on Exhibit H attached hereto.

Net Current Assets means the amount of Current Assets included in the Purchased Assets minus the amount of Current Liabilities included in the Assumed Liabilities.

Examples of Net Current Assets in a sentence

• If the dispute is not resolved by the specified Closing Date, Purchaser shall pay an Estimated Purchase Price based upon the amount of any Deficiency or Surplus, as applicable, resulting from the calculation of Net Current Assets set forth in the Estimated Balance Sheet.

• The Closing Balance Sheet shall be accompanied by a certificate of the Chief Financial Officer of Purchaser to the effect that the Closing Balance Sheet presents fairly, in accordance with GAAP and the accounting practices of the Company applied on a consistent basis, the financial condition of the Company as of the close of business on the Closing Date and that the Net Current Assets calculation was made in accordance with the terms of this Agreement.

• The amount of Net Current Assets set forth in the Estimated Closing Balance Sheet shall be final and binding for purposes of determining the amount of any Surplus or Deficiency used in calculating the Purchase Price (the "ESTIMATED PURCHASE PRICE"), unless Purchaser delivers a good faith written objection to the calculation of Net Current Assets at least three (3) Business Days prior to the anticipated Closing Date (the "OBJECTION NOTICE").

• Otherwise the aggregate of the Net Current Assets and submitted Banking references will be considered for working out the Liquidity.

• Actual Net Current Assets shall be defined as current assets less current liabilities on the date of Completion.

More Definitions of Net Current Assets

Net Current Assets means Current Assets less Current Liabilities.

Net Current Assets has the meaning set forth in Section 4.4.

Net Current Assets means, for any Person as at any date of determination, the difference (which may be a negative number) between (i) the total assets of such Person that may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents, minus (ii) the total liabilities of such Person that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.

Net Current Assets means current assets determined in a manner consistent with GAAP, but excluding (i) cash and cash equivalents, (ii) current and deferred Taxes and (iii) any other Retained Assets.

Net Current Assets means the difference between the Current Assets minus the Current Liabilities.

Net Current Assets means the aggregate value of all current assets minus the aggregate value of all current liabilities and provisions (in accordance with paragraph 89 of schedule 4 of the Companies Act 1985) all as shown in or derived from the Completion Accounts;

Net Current Assets means the amount, if any, by which Current Assets exceeds Current Liabilities.