Net Liquid Assets definition

Net Liquid Assets means the sum of the Corporation’s cash and cash equivalents and the liquidation value of the Corporation’s other disposable assets, as determined by the Board of Directors in its sole and absolute discretion.
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Net Liquid Assets means (i) (a) all cash and cash equivalents, (b) level I assets, (c) all bonds classified as level II assets and restricted equity securities valued at 50% of their freely tradable value, (d) the intrinsic value of level III warrants that are currently exercisable, (e) due from brokers, (f) current account receivables, and (g) prepaid expenses, less (ii) all liabilities, excluding deferred rent payable; all as determined in accordance with GAAP.
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Net Liquid Assets means Liquid Assets excluding Restricted Cash or Cash Equivalents.
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Examples of Net Liquid Assets in a sentence

  • To the extent there is deemed to be an Increase Amount or Decrease Amount, based on such Draft Statement, the parties agree that the Purchase Price shall be adjusted as at Closing by adjusting the principal amount of the Promissory Note for the amount of such Increase Amount or Decrease Amount, as the case may be, but in agreeing to such adjustment, neither party is prevented from disputing the determination of the Net Liquid Assets Statement in the manner provided in paragraph 4.3 hereof.

  • The fees and expenses of the Accountants shall be paid by ProHealthCare, except that if the Accountant's calculation of Net Liquid Assets is at least $50,000 greater than Parent's calculation of Net Liquid Assets, the fees and expenses of the Accountants shall be paid by Parent.

  • If Parent and ProHealthCare are unable to resolve such differences and agree as to Net Liquid Assets prior to the expiration of such 30-day period (or longer period if so agreed) Net Liquid Assets shall be determined pursuant to section 3.3(c).

  • For purposes of calculation of Net Liquid Assets and Final Net Liquid Assets, no value shall be given to any Accounts Receivable assigned to ProHealthCare pursuant to this section 9.7.

  • If ProHealthCare does not deliver to Parent a Seller's Statement within such 90-day period, Net Liquid Assets set forth in the Parent's Statement shall be deemed final, binding and conclusive upon each party hereto.


More Definitions of Net Liquid Assets

Net Liquid Assets means, as of any date, the total assets of the Parent and its Subsidiaries minus, without duplication, (i) Illiquid Assets and (ii) any segregated assets.
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Net Liquid Assets means the sum of (i) the Company’s cash and cash equivalents as of the Closing (as included and certified in the Net Working Capital Certificate) and (ii) the Severance Benefits less the sum of (i) any Debt which remains unpaid as of Closing and (ii) any additional Debt which Company incurs between the Agreement Date and the Closing Date which remains unpaid as of the Closing. Net Liquid Assets does not include (i) the amount of any unpaid Transaction Expenses incurred by Company or assumed by Acquirer on behalf of Company.
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Net Liquid Assets means the Consolidated Liquid Assets of the Guarantor and its Subsidiaries at such time.
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Net Liquid Assets shall have the same meaning as set forth in NYSE Rule 104.20.
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Net Liquid Assets. “PRC” the aggregate value of the cash, deposits and marketable securities (including for the avoidance of doubt any Connected Debt Securities held at the time all valued at their respective fair market values as at such date) held by the Group which is accounted for and consolidated in the accounts of the Company less the aggregate value of any such assets which are subject to pledges or other encumbrances; the People’s Republic of China;
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Net Liquid Assets means, at any time with respect to any Guarantor (x) the aggregate amount of cash, marketable securities, certificates of deposit and other cash equivalents of such Guarantor, plus accounts receivable collectible within ninety (90) days provided the account debtor is not an Affiliate of such Guarantor, minus (y) the aggregate liabilities of such Guarantor with an unexpired term of one (1) year or less.
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Net Liquid Assets means the sum of the Corporation’s cash and cash equivalents and the
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