Net Liabilities

Example Definitions of "Net Liabilities"
Net Liabilities. Means the amount by which, as of the closing date, the Seller's total liabilities are in excess of (in which case the purchase price will be decreased), or less than (in which case the purchase price will be increased), the Seller's current assets including accounts receivable but excluding supplies and inventory.
Found in ENSTAR INCOME GROWTH PROGRAM FIVE-A LP contract
Net Liabilities. Means the excess of the Assumed Liabilities over the book value of the Non-Securities Acquired Assets, as determined from Nu Skin USA's Closing Date Balance Sheet.
Found in Nu Skin Enterprises contract
All Definitions