Total Current Assets definition
Total Current Assets means total current assets determined in accordance with GAAP.
Total Current Assets means, the aggregate of the cash and marketable securities, trade and other receivables from persons (other than persons being members of the Group) plus inventories, prepaid expenses, voyage expenses and other current assets realisable within one year such amount to be determined on a consolidated basis less any discounts, allowances and activated goodwill, in each case as shown in the Latest Financial Statements.
Total Current Assets means the amount equal to the sum of Final Current Assets in this Agreement and Final Current Assets calculated pursuant to the PMSI Agreement; "Total Current Liabilities" shall mean the amount equal to the sum of Final Current Liabilities in this Agreement and Final Current Liabilities calculated pursuant to the PMSI Agreement; "Current Asset Allocation Amount" shall mean the amount equal to the product of (A) the quotient of Final Current Assets in this Agreement divided by Total Combined Assets multiplied by (B) the Total Working Capital Deficit or Total Working Capital Surplus, as the case may be; and "Total Combined Assets" shall mean the sum of Final Current Assets under this Agreement and Final Current Assets calculated under the PMSI Agreement.
Examples of Total Current Assets in a sentence
Current Ratio is defined as Borrower’s Total Current Assets divided by Borrower’s Total Current Liabilities.
For so long as this Note remains outstanding, the Company shall at all times maintain Total Current Assets (as reflected in the financial statements of the Company filed from time to time with the United States Securities and Exchange Commission and prepared in accordance with GAAP) in excess of $20,000,000.
Except as otherwise provided in this Agreement, Target shall not take any action after the date hereof, and has not taken any action, that could reasonably be expected to change the Total Current Assets or the Total Current Liabilities during the period from the Adjustment Time to the Effective Time.
Borrower shall maintain a Total Debt to Total Current Assets (as defined below) ratio equal to or less than .50x.
The term "Working Capital" shall mean Total Current Assets minus Total Current Liabilities (in each case as defined below).
More Definitions of Total Current Assets
Total Current Assets means the sum of (a) cash and equivalents, plus (b) account receivables, plus (c) inventory, plus (d) other current assets, and plus (e) equity method investments of Heritage Global Capital, LLC. For purposes of this paragraph only, Total Debt shall only include the outstanding balance due under this Loan.
Total Current Assets shall have the meaning set forth in Schedule 1.01(g) attached hereto.
Total Current Assets means cash, marketable securities, accounts receivable, inventory (including prepaid inventory), prepaid expenses and other current items as reflected in the line item entitled “Total Current Assets” on the consolidated balance sheet of the Company and its subsidiaries that will be converted into cash within 12 months of the date of such consolidated balance sheet, calculated on a net basis consistent with the Company’s past practice with respect to calculation of “Total Current Assets.”
Total Current Assets means, for any Person, all assets of such Person that, in accordance with GAAP, would be classified as current assets on the balance sheet of a company conducting a business the same as or similar to that of such Person.
Total Current Assets and "Total Current Liabilities" shall mean the combined total current assets and combined total current liabilities determined in accordance with GAAP (it being understood that (a) (i) cash (on hand or in banks) and cash equivalents, (ii) pension liabilities, other post-retirement and post-employment liabilities, (iii) Shortfall Liability, and (iv) amounts attributable to current and deferred Income Taxes for all periods prior to the Closing Date for which Seller is liable under Section 1.6, collectively, shall be excluded in determining Total Current Assets and Total Current Liabilities, (b) current assets (other than accounts receivable) and liabilities relating to any Contracts of the Business that are not Assumed Contracts shall be excluded from the determination of Total Current Assets and Total Current Liabilities, (c) accrued current liabilities for workers' compensation and incurred but not reported medical claims shall be included as a liability in the determination of Total Current Liabilities and (d) the amount of early termination fees collected by Seller prior to the Closing Date pursuant to any Telecom Contract terminated by the customer between the date of this Agreement and the Closing Date (as reduced by any portion thereof used to satisfy any outstanding accounts receivable of such customer) shall be included as a current liability in the determination of Total Current Liabilities), respectively, of the Business, using the same methodologies (including the same bases for judgments except to reflect changes in specific identifiable events, facts and circumstances), practices, accounting applications and assumptions, including actuarial estimates, as used in determining the Target Amount. The Total Current Assets and Total Current Liabilities shall not include any Excluded Assets or Excluded Liabilities, respectively. The Parties agree that the adjustment contemplated by this Section 1.4 is intended to show the change in Working Capital (subject to the above adjustments) as of the Closing Date from the Target Amount, and that such change may only be measured if the calculation is done in accordance with the preceding sentence. The scope of the disputes to be resolved by the Accounting Firm is limited to whether such calculations were done in accordance with the foregoing provisions of this Section 1.4 or whether there were mathematical errors in the Statement of Working Capital. The calculation of the Target Amount is set forth in Schedule ...
Total Current Assets means as of any date the total current assets of Borrower consisting solely of cash, Inventory and Accounts, net of reserves and allowances, on such date as reflected on the balance sheet of Borrower on such date.
Total Current Assets means the total current assets of the Company and its Subsidiaries, determined in accordance with GAAP applied on a consistent basis with past practice of the Company.