Net Working Capital. The Purchase Price shall be decreased, on a dollar-for-dollar basis, by the amount of Seller's Net Working Capital (as defined herein) if such amount is negative, or increased dollar for dollar by the amount of Seller's Net Working Capital if such amount is positive. "Net Working Capital" means an amount equal to Current Assets minus Assumed Current Liabilities as of the Closing Date.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Duro Communications Corp), Asset Purchase Agreement (Duro Communications Corp), Asset Purchase Agreement (Duro Communications Corp)
Net Working Capital. The Purchase Price shall be decreased, on a dollar-dollar- for-dollar basis, by the amount of Seller's Net Working Capital (as defined herein) if such amount is negative, or increased dollar for dollar by the amount of Seller's Net Working Capital if such amount is positive. "Net Working Capital" means an amount equal to Current Assets minus Assumed Current Liabilities as of the Closing Date.
Appears in 1 contract
Samples: Asset Purchase Agreement (Duro Communications Corp)
