Factoring Adjustment

Factoring Adjustment. The difference resulting from subtracting: (a) the present discounted value of the Net Book Value of the Factored Assets, the Book Value of the Factored Liabilities and the Book Value of the intercompany trade payables related to the Products outstanding as of the Closing Date, calculated utilizing the Local Interest Rate for the period from the Closing Date through the remaining portion of the remittance terms as set forth on 3 column one of Schedule 2 of this Agreement;... from (b) the Net Book Value of the Factored Assets, the Book Value of the Factored Liabilities and the Book Value of the intercompany trade payables related to the Products outstanding as of the Closing Date. View More