Business Net Working Capital definition

Business Net Working Capital means the current assets of the Business as of the Closing (excluding cash and cash equivalents and inventory, and including any Prepaid Expenses) less the current liabilities of the Business as of the Closing as calculated in accordance with GAAP as consistently applied in the preparation of the Financial Statements, consistent with Exhibit B attached hereto and the methodology set forth therein (which Exhibit reflects the Business Net Working Capital as of October 27, 2012).

Business Net Working Capital set forth in Section 1.1 of the Purchase Agreement is hereby deleted in its entirety and replaced as follows:

Business Net Working Capital means, for calendar year 2016, for each Business or an Acquisition or Divestiture, the sum of accounts receivable and inventory less accounts payable of the Business as of last day of the calendar year less the sum of accounts receivable and inventory less accounts payable as of last day of the prior calendar year. Accounts receivable, inventory and accounts payable shall be measured in a manner consistent with the method used to compute their values in the preparation of the Statement of Cash Flows in accordance with U.S. GAAP.

Examples of Business Net Working Capital in a sentence

• The Consolidated and/or Business Net Working Capital Target for shall be recalculated to include the Net Working Capital of the Acquisition from the closing date of the transaction, such amounts to be those projected at the time the Acquisition was approved by the Company’s Board of Directors.

• The Consolidated and/or Business Net Working Capital Target for shall be recalculated excluding Net Working Capital of the Divestiture from the Target for the calendar year.

• The Consolidated and/or Business Net Working Capital Target shall be recalculated to include Net Working Capital of the divestiture to the extent it was not included in the Target.

• The Consolidated and/or Business Net Working Capital Target for shall be recalculated excluding the Net Working Capital of the acquisition from the Target for the calendar year.

• Bidder fails to provide required information during the evaluation process or is found to be non‐responsive.

• Soon after the 1973 oil shock, both countries went through a period of social and economic turmoil.

• The Consolidated Net Working Capital Target and applicable Business Net Working Capital Target shall be recalculated excluding the Business Net Working Capital of the Acquisition in the Budget from the Target for the calendar year.

• A labor contract shall be wholly null and void in the following cases: a/ The whole contents of the contract are illegal; b/ The contract signer is incompetent or breaches the principles of entry into labor contracts prescribed in Clause 1, Article 15 of this Code; c/ The job agreed upon in the contract is prohibited by law.

• Ed. 148 (1874), shed some light on how the rule should be applied.

• The Consolidated Net Working Capital Target and/or Business Net Working Capital Target for shall be recalculated excluding the Business Net Working Capital of the Acquisition from the Target for the calendar year.

More Definitions of Business Net Working Capital

Business Net Working Capital means, for calendar year 2015, for each business or an Acquisition or Divestiture, the sum of account receivable and inventory less accounts payable of the business as of last day of the calendar year less the sum of account