Closing Date Net Working Capital Amount definition

Closing Date Net Working Capital Amount shall have the meaning set forth in Section 3.2(g).

Closing Date Net Working Capital Amount means the amount, if any, by which Current Assets exceeds Current Liabilities (or, if Current Liabilities exceeds Current Assets, the amount of such excess expressed as a negative number) as of the opening of business on the Closing Date prior to the application of purchase accounting entries to Buyer’s opening balance sheet.

Closing Date Net Working Capital Amount means, an amount, which may be positive or negative, equal to the sum of (a) the Net Working Capital determined as of 12:01 a.m. Wichita time on the Closing Date, in accordance with Section 2.10(b) minus (b) the applicable Target Net Working Capital for the fiscal quarter in which the Closing occurs.

Examples of Closing Date Net Working Capital Amount in a sentence

• Neither Party will have any indemnification obligations relating to, and none of the Indemnified Buyer Entities or the Indemnified Seller Entities will be entitled to indemnification pursuant to this Article 8 for, any Indemnifiable Losses to the extent that such Indemnifiable Losses were included, or should have been included, in the calculation of the Closing Date Net Working Capital Amount or the Closing Date Net Indebtedness Amount.

• Within sixty (60) days after the Closing Date, Buyer shall deliver to Seller a statement (the “ Buyer’s Statement ”) setting forth its calculation of the Closing Date Net Working Capital Amount, the Closing Date Net Indebtedness Amount and the resulting Closing Purchase Price, together with reasonable supporting information and calculations.

• On or immediately prior to the Closing Date, Owners' Representative shall provide Purchasers with: (i) an estimated Closing Date balance sheet ("Estimated Closing Date Balance Sheet"), (ii) an estimated net working capital worksheet ("Estimated Closing Date Net Working Capital Worksheet"), showing the estimated net working capital amount ("Estimated Closing Date Net Working Capital Amount"), each estimated as of the Closing Date and each prepared in a manner consistent with Schedule 1.03(a)(i).

• The indemnity shall not be paid if and to the extent that any provision, reserve, debt or expense for the matter giving rise to a claim was taken into account in the Financial Statement or in the computation of the Closing Date Net Working Capital Amount.

• The EC treatment was able to reduce aluminum and iron concentrations to the same effluent levels of the conventional chemical injection process.

More Definitions of Closing Date Net Working Capital Amount

Closing Date Net Working Capital Amount means the Net Working Capital as of the Merger Effective Time, which shall be set forth in the Closing Statement.

Closing Date Net Working Capital Amount means the amount of net working capital of the Business existing at the Closing Date calculated in accordance with Schedule 1.2.

Closing Date Net Working Capital Amount has the meaning set forth in Section 2.5(b) below.

Closing Date Net Working Capital Amount means the amount by which (i) Current Assets plus Cash exceeds (ii) Current Liabilities and checks outstanding that are not otherwise taken into account in the determination of Cash, in each case, determined as of 12:01 a.m. Chicago time on the Closing Date and in accordance with the Agreed Accounting Principles. “Code” means the Internal Revenue Code of 1986, as amended. “Common Consideration” is defined in Section 1.4 of this Agreement. “Common Holder” is defined in Preamble of this Agreement. “Common Shares” is defined in the Recitals of this Agreement. “Common Stock” is defined in the Recitals of this Agreement.

Closing Date Net Working Capital Amount means, as of Closing Date, an amount in RMB determined following the methodology defined in Schedule C, prepared based on the consolidated financial information of the Company, and in accordance with PRC GAAP.

Closing Date Net Working Capital Amount. Closing Date Deferred Maintenance Revenue Amount," "Closing Date Deferred Turret Revenue Amount," "Closing Date Work-In-Process Amount," "Deferred Maintenance Revenue Adjustment," "Deferred Turret Revenue Adjustment," "Disputed Items," "Excess Net Working Capital," "Objection Notice," "Preliminary Closing Date Balance Sheet," "Preliminary Amounts," "Preliminary Closing Date Net Working Capital Amount," "Preliminary Deferred Maintenance Revenue Amount," Preliminary Deferred Turret Revenue Amount," "Preliminary Work-In-Process Amount," "Purchase Price", "Purchase Price Adjustment", "Resolution Period" and "Review Period" appearing in Appendix A of the Purchase Agreement are hereby deleted and the following definitions shall be inserted in Appendix A of the Purchase Agreement in the proper alphabetical order:

Closing Date Net Working Capital Amount. (which may be a positive or a negative number) shall mean: (a) the total current assets of the Acquired Companies (excluding any current or deferred Tax assets), including Cash on Hand (none of which shall be held in bank accounts outside of the United States), as of 12:01 a.m. Pacific Time on the Closing Date; minus (b) the total current liabilities (excluding any current or deferred Tax liabilities, any Indebtedness, and any Company Transaction Expenses) of the Acquired Companies as of 12:01 a.m. Pacific Time on the Closing Date, in each case calculated in accordance with the sample calculation attached hereto as Exhibit D for the illustrative purposes.