Common use of Working Capital Statement Clause in Contracts

Working Capital Statement. Within 60 days following the Closing ------------------------- Date, CHS shall prepare (or cause to be prepared), issue and deliver to a Redeeming Stockholders' Representative a statement of the Net Working Capital Amount (the "Working Capital Statement"), and the computation of the Redemption ------------------------- Consideration Adjustment, as defined below. The Working Capital Statement shall be prepared as set forth in Schedule 3.8 using the same accounting methods, ------------ policies, practices, principles and procedures (the "Methods"), with consistent ------- classifications, judgments and valuation and estimation methodologies (the "Methodologies"), that were used in the preparation of the December 31 Balance -------------- Sheet (as defined in Section 5.7), except as otherwise provided on Schedule 3.8. ----------- ------------

Appears in 2 contracts

Sources: Recapitalization Agreement (Kilovac International Inc), Recapitalization Agreement (Kilovac International Inc)