NTAV definition

NTAV has the meaning set out in Clause 3.3.1.

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NTAV means the aggregate of all tangible assets of the Company which are readily convertible into cash or cash equivalents (being prepayments, deposits and other receivables, and cash at bank and, for the avoidance of doubt, excluding the Property, any intangible assets and other fixed assets and deferred tax), less the aggregate of all liabilities (actual, contingent or otherwise but excluding the Shareholder’s Loan) and provisions of the Company as at the Completion Date;

NTAV means, as at any date of determination, the consolidated balance sheet value of Equity Securities of the Company (excluding the value of any minority interests held by third parties in any of the Subsidiaries held and consolidated by the Company on its balance sheet) less intangible assets, as determined by the Board as at such date.

Examples of NTAV in a sentence

• The Purchaser shall have a period of 20 days to review the NTAV calculation.

• In the event the Sellers and the Purchaser are unable to agree upon the NTAV after good faith negotiations for a period of 20 days, the Sellers and the Purchaser shall submit such dispute for resolution to an Independent Accounting Firm, which shall determine and report to the parties and such report shall be final, binding and conclusive on the parties hereto.

• Any deficiency in the NTAV shall be paid from the escrow account to the Buyer (the “Escrowed Funds”).

• The Purchaser shall, within 45 days after the date of Completion and at the costs and expenses of Dragon Merchant, deliver to the Vendor the unaudited consolidated financial statements of Dragon Merchant showing the actual NTAV.

• Consideration: HK$150 million, subject to the following adjustments (if any): (a) there shall be added an amount equal to 50% of the NTAV if the NTAV as determined by reference to the Completion Accounts is a positive figure; and (b) there shall be deducted an amount equal to 50% of the NTAV if the NTAV as determined by reference to the Completion Accounts is a negative figure.

More Definitions of NTAV

NTAV means the net tangible asset value adjustment as determined by Clauses 3.3.7 and 3.3.8

NTAV means net tangible asset value;

NTAV means the aggregate of all tangible assets of the Target Company which are readily convertible into cash or cash equivalents (excluding the Property, any intangible assets and other fixed assets) less the aggregate of all liabilities (actual, contingent or otherwise but excluding the Sale Debt) and provision of the Target Company as at the Completion Date.

NTAV means the net tangible asset value adjustment as determined by Clauses 3.3.7 and 3.3.8 of the Share Purchase Agreement. All capitalized terms contained herein and not otherwise defined shall have the meaning ascribed to them in the Share Purchase Agreement.

NTAV means the beginning of year NTAV time weighted (monthly) adjustment for any capital injected into, or taken out of, the Company by the Securityholders on the Equity Securities during that period, as determined by the Board.

NTAV. Net Tangible Asset Value;

NTAV means National Trust of Australia (Victoria).