Net Working Assets definition
Net Working Assets means, as of the Transfer Date, the excess of the sum of total accounts receivable and inventories over the sum of progress ▇▇▇▇▇▇▇▇ and total accounts payable on the Closing Balance Sheet. In the event of a Downward Net Working Asset Adjustment, the Purchasing Entities shall be entitled to satisfy claims pursuant to this Section 1.9 from the Note by reducing the principal amount outstanding under such Note by
Net Working Assets means current assets less current liabilities as these items are classified under generally accepted accounting principles except as provided herein. Specifically excluded from current assets are cash and cash equivalents and short-term investments. Specifically excluded from current liabilities is current maturities of long term debt.
Net Working Assets means, in respect of any period, the aggregate stock in trade of the Group and the amounts owed to members of the Group by trade debtors less the amounts owed by them to trade creditors at the end of such period. 'PROFIT' means, in respect of any financial period, the amount of profit of the Group (excluding profit attributable to minority interests) before taxation, interest payable, and any unusual, extraordinary or exceptional items. 'TANGIBLE NET WORTH' means the amount for the time being paid up or credited as paid up on your (or where your Parent is specified in term 2(b), your Parent's) issued share capital plus all reserves of the Group which would, in accordance with generally accepted United Kingdom accounting principles consistently applied be classified as shareholders capital plus retained earnings but deducting assets of the Group which would, in accordance with such principles, be classified as intangible assets.
Examples of Net Working Assets in a sentence
Within 45 days following the final determination of the Net Working Assets Adjustment, Purchaser shall deliver to Seller a proposed Schedule (the “Allocation Schedule”) allocating the purchase price (including, for purposes of this Section 2.4, the Assumed Liabilities and any other consideration paid to Seller and the Selling Subsidiaries) among the Purchased Assets.
More Definitions of Net Working Assets
Net Working Assets means the excess of Current Assets (excluding cash and cash equivalents), at any date, over Current Liabilities (excluding the current portion of any Funded Debt).
Net Working Assets of the Business” as of any date shall mean the amount calculated by subtracting the Liabilities set forth in Schedule 2.2(a) from the assets set forth in Schedule 2.2(a). The Net Working Assets Target (the “Net Working Assets Target”) is U.S.$39,000,000.
Net Working Assets means, in respect of any period, the aggregate stock in trade of the Group and the amounts owed to members of the Group by trade debtors less the amounts owed by them to trade creditors at the end of such period. 'PROFIT' means, in respect of any financial period, the amount of profit of the Group (excluding profit attributable to minority interests) before taxation, interest payable, and any unusual, extraordinary or exceptional items. 'TANGIBLE NET WORTH' means the amount for the time being paid up or credited as paid up on your issued share capital plus all reserves of the Group which would, in accordance with generally accepted United Kingdom accounting principles consistently applied be classified as shareholders capital plus retained earnings but deducting assets of the Group which would, in accordance with such principles, be classified as intangible assets.
Net Working Assets means current assets less current liabilities as these items are classified under generally accepted accounting principles except as provided herein. Specifically excluded from current assets are cash and cash equivalents, short-term investments and deferred tax assets. Specifically excluded from current liabilities is current maturities of long-term debt (including long-term debt which reflects payments due under the Plan) and tax liabilities.