Net Worth Adjustment definition

Net Worth Adjustment shall have the meaning set forth in Section 6.11 hereof.
Sample 1
Net Worth Adjustment shall have the meaning set forth in Section 2.3(a)(i).
Sample 1
Net Worth Adjustment means the amount by which the Closing Book Value (defined below) is greater than (which shall be a positive number) Two Million Five Hundred Thousand Dollars ($2,500,000) or less than (which shall be a negative number) Two Million Five Hundred Thousand Dollars ($2,500,000).
Sample 1

Examples of Net Worth Adjustment in a sentence

  • If the Net Worth Adjustment is a negative amount, Seller will refund to Buyer the Net Worth Adjustment (treated as a positive amount) from the Holdback Amount (which Buyer may retain, to the extent necessary to pay the Net Worth Adjustment) and, if necessary, also by the wire transfer of immediately available funds to an account designated in writing by Buyer (or a combination of both).

  • Borrower and its Restricted Subsidiaries shall maintain at all times a Consolidated Tangible Net Worth of not less than the $56,000,000, plus, or minus, as the case may be, the Net Worth Adjustment Amount.

  • Any post-closing payment or refund (as the case may be) provided for under this Section 3.2(c) will be made not more than three business (3) days after the Net Worth Adjustment becomes final, as contemplated by Section 3.2(b) hereof.

  • Seller will prepare the Closing Balance Sheet and the Net Worth Adjustment and deliver the same to Buyer not later than thirty (30) days after the Closing, together with a written certification that such have been prepared and calculated in accordance herewith.

  • If Buyer objects to the Closing Balance Sheet or the Net Worth Adjustment and Buyer and Seller are able to resolve their dispute within fifteen (15) days after Buyer's objection, the Net Worth Adjustment (reflecting the resolution) will become final and binding on the parties.


More Definitions of Net Worth Adjustment

Net Worth Adjustment has the meaning specified in Section 2.10.
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Net Worth Adjustment has the meaning specified in Section 7.09(a).
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Net Worth Adjustment means (i) the Closing Net Worth (as defined in -------------------- Section 3.3) minus (ii) the Opening Net Worth (as defined in Section 3.2). ----------- -----------
Sample 1
Net Worth Adjustment means forty-nine percent (49%) of any increase in the consolidated net worth of the Business calculated by comparing the Reference Balance Sheet to the Preliminary Closing Balance Sheet of the Business, as illustrated in EXHIBIT 1.23 attached hereto. In determining the Net Worth Adjustment, Excluded Assets and Excluded Liabilities shall be subtracted from both the Reference Balance Sheet and the Preliminary Closing Balance Sheet;
Sample 1
Net Worth Adjustment has the meaning set forth in Section 2.3(g).
Sample 1
Net Worth Adjustment means the United States dollar amount (which ---------------------- may be either a positive or a negative number) equal to (a) net worth of the Business as of the Closing Date minus (b) the net worth of the Business as reflected on the June 30, 2000 balance sheet of the Financial Statements being $31,338,471.00, which was calculated as $39,641,410.00 of Stockholders Equity less $8,302,939.00 of due from Parent.
Sample 1
Net Worth Adjustment means the amount (which may be positive or negative) equal to $6,394,000 as set forth in Schedule 1.03(a)(iii), as "Shareholders Equity-Adj. w-S 3/31/95" minus the Net Worth as determined in accordance with Section 1.03(c).
Sample 1