Common use of Final Net Working Capital Statement Clause in Contracts

Final Net Working Capital Statement. Not later than 90 days after the Closing Date, Buyer shall cause to be prepared and delivered to TAT (i) unaudited balance sheets for each Acquired Company as of the close of business on the day immediately preceding the Effective Date (the “Final Effective Date Balance Sheets”) and (ii) a final net working capital statement, based on the Final Effective Date Balance Sheets (the “Final Net Working Capital Statement”), setting forth Buyer’s calculation of the Net Working Capital of the Acquired Companies, both individually and in the aggregate, as of the close of business on the day immediately preceding the Effective Date (the “Final Net Working Capital”) calculated, in each case, in good faith and in accordance with GAAP using the same methodologies, procedures and principles set forth on Exhibit B.