Definition of Post Closing Asset


Post Closing Asset means (i) any Seller asset, other than an Excluded Asset, that is selected by Buyer after the Closing Date; (ii) all or any portion of Sellers' ownership interest in any joint venture, including the membership interests in Digital Domain Emirates L.L.C. and the equity interest in Digital Domain International, Inc.; and (iii) all or any portion of Sellers' ownership interest in assets leased from Bell Computers.

Examples of Post Closing Asset in a sentence

Section 1.7 of the Asset Purchase Agreement is hereby amended by the deletion of subclauses (b) through (e) of Section 1.7 in their entirety and all references in the other provisions of the Asset Purchase Agreement to Adjusted Closing Balance Sheet, Post-Closing Asset/Liability Determination and Dispute Notice shall be deleted.
Any Franchise Document that is a Post-Closing Asset shall be deemed to be a New Franchise Document for the purposes of this Agreement.
If the Post-Closing Asset Purchase Agreement 14 16 Adjustment is a positive number, then the Purchase Price shall be adjusted upward and Purchasers shall promptly pay such amount to Sellers or their designees by wire transfer of immediately available funds pursuant to written instructions received from Sellers.
Any Franchise Arrangement that is a Post Closing Asset shall be deemed to be a New Franchise Document for the purposes of this Agreement.