Target Net Assets has the meaning set forth in Section 2.7(a). Tax: any federal, state, provincial, local or foreign income, alternative, minimum, accumulated earnings, personal holding company, franchise, capital stock, net worth, capital, profits, windfall profits, gross receipts, value added, sales, use, goods and services, excise, customs duties, transfer, conveyance, mortgage, registration, stamp, documentary, recording, premium, severance, environmental (including taxes under Section 59A of the Code), real property, personal property, ad valorem, intangibles, rent, occupancy, license, occupational, employment, unemployment insurance, social security, disability, workers' compensation, payroll, health care, withholding, estimated or other similar tax, duty or other governmental charge or assessment or deficiencies thereof, and including any interest, penalties or additions to tax attributable to the foregoing. Tax Return: any return, report, declaration, form, claim for refund or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

Target Net Assets has the meaning as set forth in Section 3.2(d).

Target Net Assets means $49,311,000.

Examples of Target Net Assets in a sentence

Alternatively, if Buyer delivers to Seller the Objection Notice referred to in Section 2.2(d), within two (2) business days after such delivery, (y) Seller shall pay to Buyer the amount, if any, by which the undisputed portion of the Final Net Assets is less than the Target Net Assets, or (z) Buyer shall pay to Seller the amount, if any, by which the undisputed portion of the Final Net Assets is greater than the Target Net Assets.
If the amount of the Final Net Assets is greater than the Target Net Assets, the Purchase Price shall be increased by an amount equal to the difference between the Final Net Assets and the Target Net Assets.
Target Net Assets is the difference between the Total Assets and Total Liabilities of the target firm as reported in the annual report prior to the takeover bid.
The Purchase Price shall be (i) increased by the amount that the Closing Date Net Assets (as hereinafter defined), are greater than $25,099,080 (which amount is the book value of the net assets as shown on the adjusted September Balance Sheet (the "Target Net Assets"); or (ii) decreased by the amount that the Closing Date Net Assets are less than the Target Net Assets.
If the amount of the Final Net Assets is less than the Target Net Assets, the Purchase Price shall be decreased by an amount equal to the difference between the Final Net Assets and the Target Net Assets.

More Definitions of Target Net Assets

Target Net Assets means forty million dollars ($40,000,000).

Target Net Assets means the amount of zero (0).

Target Net Assets means $10,529,000, which is the Net Assets as of October 31, 2004 as shown on Schedule 3.2(a) of the Sellers Disclosure Schedule which was calculated from the October 31, 2004 balance sheet of CMS prepared in accordance with the Agreed Accounting Principles on such Schedule 3.2(a) of Sellers Disclosure Schedule.

Target Net Assets has the meaning set forth in Section 1.4(a).

Target Net Assets means £3,800,000. 2 Within 30 Business Days after the Completion Date, the Purchaser shall prepare in accordance with this Part 15 of the Schedule and submit to the Vendors’ Representatives a draft of the Net Assets Statement (the “Draft Statement”). The Draft Statement shall be in the format set out in Part 16 of the Schedule (the “Pro Forma Net Assets Statement”) and shall give a figure for the Net Assets.

Target Net Assets means U.S. $643,000.

Target Net Assets shall have the meaning set forth in SUBSECTION 2.5.1(b).