Realizable Assets definition
Realizable Assets as defined in Section 8.12(d).
Realizable Assets means the assets of the Company and its Subsidiaries after allowances for obsolete and excess inventory and doubtful accounts, all calculated in accordance with GAAP.
Realizable Assets has the meaning set forth in Section 10.07(c).
Examples of Realizable Assets in a sentence
Realizable Assets"): The Borrower covenants and agrees to continue its efforts to sell at fair market value the Jonesville Coal Project and the ▇▇▇▇▇▇ Property (the "Realizable Assets") and will keep the Lender advised of any developments in this regard.
The liabilities of the Company and its Subsidiaries existing as of the Closing shall not exceed the Realizable Assets of the Company and its Subsidiaries as of the Closing by more than Four Million Dollars ($4,000,000).