Net Monetary Assets definition
Net Monetary Assets means the sum of (a) consolidated Cash of the Company; plus (b) the consolidated utilizable pre-paid expenses and assets of the Company of the type reflected on Exhibit A and determined in accordance with GAAP; plus (c) Accounts Receivable; less (d) all monetary liabilities of the Company or any of its Subsidiaries of the type reflected on Exhibit A (specifically including any off balance sheet Liabilities, leases for equipment, and any other Indebtedness of the Company or any of its Subsidiaries); and less (e) Transaction Expenses.
Examples of Net Monetary Assets in a sentence
If the Estimated Closing Date Net Monetary Assets are greater than the Target Net Monetary Assets, the amount of such excess shall be added to the Aggregate Merger Consideration.
If the Estimated Closing Date Net Monetary Assets are less than the Target Net Monetary Assets, the amount of such deficiency shall be deducted from the Aggregate Merger Consideration.
Notwithstanding anything herein to the contrary, no ATS Indemnified Party shall be entitled to indemnification for any Liability to the extent included in the calculation of Closing Date Net Monetary Assets.