Closing Net Worth. In the event that Seller delivers a ----------------- Seller's Letter to Buyer pursuant to Section 2.06, the Sellers' Closing Net Worth Statement prepared by Seller pursuant to Section 2.04 will be modified by any adjustments set forth in Buyer's Letter and not objected to in Seller's Letter, agreed to by the Parties pursuant to Section 2.07 or determined by the Arbitrator pursuant to Section 2.10. The Seller's Closing Net Worth Statement after any and all such adjustments shall be determinative of the Closing Net Worth.
Closing Net Worth. The SPAR Parties shall use their reasonable best efforts to ensure that the Closing Net Worth (as such term is defined in Section 7.01) is not less than the Target Amount (as such term is defined in Section 7.01(b) hereof).
Closing Net Worth. The Sellers and the Companies shall cause the Final Australasia Region Closing Net Worth to be positive.
Closing Net Worth. 5 Code..........................................................................13 Commission....................................................................22 Commitment(s).................................................................13 Consent(s).....................................................................9 Derivatives....................................................................6
Closing Net Worth. H&E shall be satisfied, based on the most recently available Interim Financial Statements and the 2006 Audited Financial Statements, that the Net Worth of Bxxxxxx as of immediately prior to the Closing and prior to giving effect to the Transaction (the “Closing Net Worth”) is at least $25.0 million.
Closing Net Worth. (a) Within 60 days after the Closing, the Buyer's independent auditors shall conduct a full audit of the Closing Balance Sheet (the "FINAL AUDIT") in accordance with GAAP and shall determine the Net Worth of the Seller as of the Closing Date but excluding all Excluded Assets and Excluded Liabilities on a basis consistent with the Audited Balance Sheet (but subject to GAAP) and in accordance with the procedures set forth in this Section 3.2 (the "CLOSING NET WORTH").
Closing Net Worth. The sum of the capital stock, retained earnings and year to date profit or loss accounts of the Company appearing on the Closing Balance Sheet of the Company prepared as of February 28, 1998 in accordance with generally accepted accounting principles applied on a basis consistent with prior years. CODE. Internal Revenue Code of 1986 as amended to date. COMMON STOCK. Buyer's $0.01 par value Common Stock. COMPANY. Rotocast International, Inc. and each of the Rotocast Subsidiaries identified below.
Closing Net Worth. The Closing Net Worth shall not be less than $61,200,000.
Closing Net Worth. NONSURVIVAL OF REPRESENTATIONS Section 7.01. SPAR Closing Net Worth.........................................33 Section 7.02. Survival of Representations and Warranties.....................34 ARTICLE VIII
Closing Net Worth. The Closing Net Worth of the Company shall be at least $6,000,000 and the Shareholders shall have delivered to CCC a certificate to that effect.
