Understated Asset definition
Understated Asset means (i) the amount by which any liabilities, reserves, provisions and debts shown in the 2010 Financial Statements subsequently prove to have been overstated or unnecessary or non-existent (“insussistenze del passivo”); as well as (ii) the amount by which any assets of any of Robuschi and the Subsidiaries, of any nature, existing at the Reference Date which are not shown or subsequently prove to have been understated in the 2010 Financial Statements (“sopravvenienze dell’attivo”).