Net Current Assets Statement definition

Net Current Assets Statement means the statement setting out the calculation of the Net Current Assets Amount prepared in accordance with schedule 5;
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Examples of Net Current Assets Statement in a sentence

  • Within ten (10) days after selection of the Accountants, Seller and Primary Purchaser shall each submit to the Accountants the dollar amount of its proposed adjustment, if any, to Seller’s Net Current Assets as reflected on the disputed Proposed Final Net Current Assets Statement, and the Accountants shall make their determination with respect to the items submitted to them within thirty (30) days of the appointment of such Accountants pursuant to this Section 7.1(c)(i).

  • Such Proposed Final Net Current Assets Statement shall include a written statement in reasonable detail of any changes to the applicable Preliminary Net Current Assets Statement (or a statement that Seller is not proposing any such changes).

  • Seller shall provide Primary Purchaser any information reasonably requested by Primary Purchaser in order to confirm any Proposed Final Net Current Assets Statement.

  • Such Proposed Final Net Current Assets Statement shall take into account all relevant financial data available through such date (taking into account settlements made in accordance with Section 7.1(b), and making any necessary corrections or revisions to the applicable Preliminary Net Current Assets Statement with respect to any Net Current Assets items).

  • Where judgement is required in determining the value of assets and liabilities, save as expressly provided in this Schedule 5, the Net Current Assets Statement should reflect the normal practices adopted in the Accounts and subject thereto will reflect reasonable judgement.

  • To establish the Net Current Assets Amount a closing year end procedure shall be undertaken at Completion which conforms to the closing year end procedure undertaken with respect to the Accounts in relation to those items to be included in the determination of the Net Current Assets Statement.

  • The Seller shall procure that all working papers and files within its possession or control as may be reasonably required by the Purchaser which are relevant to the preparation of the Net Current Assets Statement shall be made available upon a request for them.

  • Parent and Sub shall participate and cooperate with the Shareholders in preparation of the Net Current Assets Statement and shall permit the Shareholders to have full and complete access to the books and records of Hollywood and Consolidated Subsidiaries in order to prepare such statement.

  • Any such payment shall be made within three Business Days after the Final Modified Net Current Assets Statement becomes such, together with interest thereon at the Interest Rate calculated and payable in cash in accordance with Section 2.12 from the Closing Date until the date of payment.

  • Provisions shall not be taken into account in the Net Current Assets Statement to the extent that they have otherwise been taken into account in the Net Current Assets Statement.

Related to Net Current Assets Statement

  • 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.

  • Consolidated Current Assets means, as at any date of determination, the total assets of Company and its Subsidiaries on a consolidated basis which may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents.

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • non-current assets means all assets other than current assets

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).