Common use of Working Capital Adjustment Amount Clause in Contracts

Working Capital Adjustment Amount. (A) If the Net Working Capital is zero or is a positive number, then the "Working Capital Adjustment Amount" shall be a positive number and shall be equal to the Net Working Capital plus the Reference Net Working Capital Amount (taken as a positive number), (B) If the Net Working Capital is a negative number but is greater (i.e., closer to zero) than the Reference Net Working Capital Amount, then the "Working Capital Adjustment Amount" shall be a positive number and shall be equal to the difference between the Reference Net Working Capital Amount (taken as a positive number) and the Net Working Capital (taken as a positive number), or (C) If the Net Working Capital is a negative number but is less (i.e., further from zero) than the Reference Net Working Capital Amount, then the "Working Capital Adjustment Amount" shall be a negative number and shall be equal to the difference between the Net Working Capital (taken as a positive number) and the Reference Net Working Capital Amount (taken as a positive number).

Appears in 1 contract

Sources: Merger Agreement (Wyndham Hotel Corp)

Working Capital Adjustment Amount. (Ai) If the Net Working Capital is zero or is a positive number, then the "Working Capital Adjustment Amount" shall be a positive number and shall be equal to the Net Working Capital plus the Reference Net Working Capital Amount (taken as a positive number), (Bii) If the Net Working Capital is a negative number but is greater (i.e., closer to zero) than the Reference Net Working Capital Amount, then the "Working Capital Adjustment Amount" shall be a positive number and shall be equal to the difference between the Reference Net Working Capital Amount (taken as a positive number) and the Net Working Capital (taken as a positive number), ora (Ciii) If the Net Working Capital is a negative number but is less (i.e., further from zero) than the Reference Net Working Capital Amount, then the "Working Capital Adjustment Amount" shall be a negative number and shall be equal to the difference between the Net Working Capital (taken as a positive number) and the Reference Net Working Capital Amount (taken as a positive number).

Appears in 1 contract

Sources: Hotel Purchase Agreement (Wyndham Hotel Corp)