Common use of Working Capital Requirements Clause in Contracts

Working Capital Requirements. On the Closing Date, the Stockholder shall deliver to Sub a balance sheet of the Company dated as of the most recent practicable date preceding the Closing Date, prepared in accordance with the Accounting Principles (the "Estimated Closing Date Balance Sheet"). The Estimated Closing Date Balance Sheet shall show as of the date thereof, after taking into account the payment of any of the fees, costs and expenses by the Company incurred in connection with this Agreement, consolidated net working capital equal to or greater than the consolidated net working capital of the Company as set forth on the Company Balance Sheet.