Net Worth Certificate definition

Net Worth Certificate means the certificate certifying the net worth of the Intending Bidder(s) to meet atleast Fifty Percent (50%) of the Bid Value issued by a government or statutory authority or public sector undertaking or statutory auditor of such Intending Bidder or a chartered accountancy firm supported by Three (3) years Audited Balance Sheets to be submitted along with the Bid.
View Source
Net Worth Certificate means a certificate from JQH delivered to Lender certifying the Net Worth as of December 31 of the prior calendar year and compiled by a nationally recognized firm of certified public accountants, including BKD, LLP, a member of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ International, in accordance with the Accounting Rules and setting forth such additional information regarding the assets and liabilities of JQH, the JQH Trust and their respective Subsidiaries as shall be necessary to fully and fairly reflect the Net Worth.
View Source

Examples of Net Worth Certificate in a sentence

  • In the event that Lender does not agree with the Net Worth as reflected in a Net Worth Certificate or in an Updated Net Worth Certificate, Lender shall be entitled to obtain from an independent appraiser Appraisals of any or all of the assets of JQH and the JQH Trust, and to engage an independent auditor, to recalculate the Net Worth.

  • No later than April 30 following the end of each calendar year, Borrower shall cause JQH and the JQH Trust to deliver to Lender a Net Worth Certificate which shall, among other things, show that JQH and the JQH Trust continue to maintain a Net Worth no less than the Minimum Net Worth Amount.

  • Any such Shareholders Disagreement Certificate shall specify those items, amounts or calculations as to which the Aplio Shareholders disagree, and the Aplio Shareholders shall be deemed to have agreed with all other items, amounts or calculations contained in the Closing Balance Sheet and the calculation of Closing Tangible Net Worth as set forth in the Company Net Worth Certificate.

  • The cost of such appraisers and the auditor will be borne by Lender, unless the Net Worth is determined to be materially less than reported on the Net Worth Certificate or the Updated Net Worth Certificate, in which case the cost of the appraisers and the auditor will be borne by Borrower.

  • The Net Worth Certificate shall be prepared in accordance with GAAP, consistent with the accounting principles and practices utilized in preparing the Reference Net Worth Statement, provided all such accounting principles and practices are in accordance with GAAP.

  • The Grantors shall deliver to the Grantee an Officers' Certificate and Required Net Worth Certificate evidencing the satisfaction of the requirements of this Section 7.1.1 prior to any transfer to a Qualified Purchaser.

  • Within ninety (90) days after the Closing Date, Purchaser will prepare and deliver to Parent a certificate, signed by Purchaser, certifying Purchaser’s good faith determination of the actual Net Worth of Company as of the Closing Date, and identifying any adjustments to the Purchase Price as a result of such amounts being greater or less than the amounts set forth on the Estimated Net Worth Certificate.

  • Within thirty (30) days after receipt of the Closing Net Worth Certificate and the Closing Date Balance Sheet, Parent shall identify in writing any adjustments that it believes are required to the Net Worth of the Company as of the Closing Date as reflected in the Closing Net Worth Certificate and shall set forth in reasonable detail the basis for such adjustments.

  • The Stockholders shall provide to Buyer, no later than one (1) business day prior to the Closing Date a certificate ("Net Worth Certificate"), duly executed by the Stockholder, that shall have been reviewed by Anders, Mink▇▇▇ ▇▇▇ Dieh▇, ▇▇at sets forth the Stockholder good faith, reasonably based, estimate of the Net Worth of the Company on the Closing Date.

  • During such thirty (30) day period, Purchaser shall permit Parent access to such work papers relating to the preparation of the Closing Net Worth Certificate and the Closing Date Balance Sheet, as may be reasonably necessary to permit Parent to review in detail the manner in which the Net Worth of Company as of the Closing Date was calculated by Purchaser.

Related to Net Worth Certificate

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Group 2 Certificate Any Class 2A-1, Class 2A-2, Class 2A-3, Class 2A-4, Class 2A-5, Class 2A-6, Class 2A-7 or Class 2A-8 Certificate.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Class R-1 Certificate Any Certificate designated a “Class R-1 Certificate” on the face thereof, in the form set forth in Exhibit A-5 hereto, evidencing the Residual Interest in REMIC I and representing the right to the Percentage Interest of distributions provided for the Class R-1 Certificates as set forth herein.