Other Net Assets definition

Other Net Assets means the greater of (i) zero and (ii) the amount equal to (a) all assets (other than cash, Cash Equivalents, marketable securities, Real Properties and intangible assets) of the Consolidated Parties, minus (b) all liabilities (other than Indebtedness and intangible liabilities) of the Consolidated Parties.

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Other Net Assets has the meaning set forth in Section 2.02(b).

Other Net Assets means the amounts reflected in (a) Account No. 154 Materials and Supplies, Account No. 164 Storage Gas Inventory and Account No. 165 Prepaid Assets net of (b) Account No. 232 Customer Advances for Construction, Account No. 235 Customer Deposits and any current or non-current regulatory assets or liabilities, in each case as reflected on the Company Balance Sheet as of the Adjustment Date and recorded in accordance with Applicable Financial Principles.

Examples of Other Net Assets in a sentence

In the event that the Company or any Company Subsidiary incurs an additional liability in connection with the termination of any agreement described in (a) above, the Aggregate Cash Merger Consideration shall be reduced by the amount of such additional liability (and such additional liability shall not be included in the calculation of Other Net Assets), subject to the limitations set forth in Section 2.1(a) hereof.
In the event the Reviewing Member(s) disagrees with Euroseas' determination of the Other Net Assets Amount of the Subject Company, the Reviewing Member(s) may deliver a notice (an "Objection Notice") within five (5) Business Days to Euroseas disagreeing with such determination and setting forth the Reviewing Member(s)' determination of the Other Net Assets Amount of the Subject Company, together with appropriate documentation supporting such determination.
The Accounting Referee shall deliver to the Reviewing Member(s) and Euroseas, as promptly as practicable (but, in any event, within fifteen (15) days after submission of the dispute to it), a report setting forth its resolution of the disputed line items, and based thereon (and on the line items not in dispute) the determination of the Other Net Assets Amount of the Subject Company.

More Definitions of Other Net Assets

Other Net Assets means all of AOD’s assets and property other than the Rigs, minus all liabilities and also taking into consideration Contingent Liabilities. “Put Option Period” means, subject to Clause 8.4, the 12 month period commencing on 1 October 2019 and ending on 30 September 2020. “Restructuring Fees” means the restructuring fees incurred by Seadrill and members of the Seadrill group in connection with the Restructuring Transactions, as defined in the RSA. “Rig Management Fees” means the daily management fee per rig for the operation of each of the ▇▇▇▇-up rigs AOD I, AOD II and AOD III as set out in the applicable rig management agreements pursuant to Clause 3.2 of the Corporate Management Agreement. “RigCo Accession Notice” means the accession notice substantially in the form as set out in Schedule 5 (Form of RigCo Accession Notice) or any other form agreed between the Parties. “Rigs” means the three (3) KFELS Mod V-B Class mobile offshore drilling units owned and operated by AOD or the AOD Subsidiaries, such Rigs being AOD I, AOD II and AOD III respectively. “Rigs Market Value” means the value of the Rigs as determined in accordance with Schedule 4 (Valuation Principles). “RSA” means the restructuring support and lock-up agreement dated 12 September 2017 entered into between, amongst others, Seadrill, certain of

Other Net Assets means total current assets minus total current liabilities of the Company and the Company Subsidiaries on a consolidated basis as of the Estimated Closing Date, calculated in the manner set forth in Exhibit H attached hereto (which amounts are for illustrative purposes as projected as of the Initial Estimated Closing Date). For the avoidance of doubt, Other Net Assets shall not include the Advisory Agreement Payment Amount and the following assets or liabilities recorded on the Company’s balance sheet: (i) land, (ii) buildings, improvements and equipment, (iii) furniture, fixtures and vehicles, (iv) construction in progress interest, (v) construction in progress, (vi) intangible lease assets, (vii) deferred financing costs, (viii) straight-line receivable, (ix) notes receivable - CHP REIT, (x) notes receivable - Georgetown participating loan, (xi) deferred tax asset, (xii) inventory, (xiii) goodwill, (xiv) loan payable, (xv) premium (discount) on acquired loan payable, (xvi) ground lease liability, (xvii) deferred revenue and (xviii) straight line rent adjustment.

Other Net Assets means (a) all asset (other than cash, cash equivalents, marketable securities, Properties and intangible assets) of the Corporation and its Subsidiaries that would be set forth on a consolidated balance sheet of the Corporation and its Subsidiaries prepared in accordance with GAAP, minus (b) all liabilities (other than Indebtedness) of the Corporation and its Subsidiaries determined on a consolidated basis.

Other Net Assets means (a) all assets (other than cash, cash equivalents, marketable securities, Properties and intangible assets) of the Parent and its Subsidiaries that would be set forth on a consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with GAAP (but excluding any Joint Venture Subsidiary consolidated with such Parent in accordance with GAAP), minus (b) all liabilities (other than Indebtedness and intangible liabilities) of the Parent and its Subsidiaries determined on a consolidated basis (but excluding any Joint Venture Subsidiary consolidated with such Parent in accordance with GAAP).

Other Net Assets means (a) all asset (other than cash, cash equivalents, marketable securities, Properties and intangible assets) of the Parent and its Subsidiaries that would be set forth on a consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with GAAP, minus (b) all liabilities (other than Indebtedness) of the Parent and its Subsidiaries determined on a consolidated basis.