Examples of Estimated Working Capital in a sentence
Since the date of the Estimated Working Capital Statement, there have not been any write-downs of the value of, or establishment of any reserves against, any inventory, except for write-downs and reserves established in the ordinary course of business, in good faith and consistent with past practice and experience.
The inventory reserves reflected on the Estimated Working Capital Statement was adequate as of the date of the Estimated Working Capital Statement.
The Estimated Working Capital Statement will be prepared in accordance with GAAP and shall be acceptable to Buyer in all reasonable respects.
The Cash Purchase Price payable at the Closing will be (i) increased, dollar-for-dollar, to the extent the Estimated Closing Working Capital, as reflected on the Estimated Working Capital Statement, is greater than the Target Closing Working Capital or (ii) decreased, dollar-for-dollar, to the extent the Estimated Closing Working Capital, as reflected on the Estimated Working Capital Statement, is less than the Target Closing Working Capital.
If the Closing Working Capital Adjustment is different from the Estimated Working Capital Adjustment, there shall be a positive or negative adjustment to the Purchase Price, as the case may be, equal to the difference of the Closing Working Capital Adjustment minus the Estimated Working Capital Adjustment (the “Post-Closing Adjustment Amount”).