Closing Net Working Capital Deficit definition

Closing Net Working Capital Deficit means the amount, if any, by which (i) the Target Net Working Capital exceeds (ii) the Closing Net Working Capital.
Closing Net Working Capital Deficit means an amount, if any, by which the Estimated Closing Net Working Capital Amount is less than negative Two Million Two Hundred Eighty-Four Thousand Sixty-Nine Dollars (($2,284,069)).
Closing Net Working Capital Deficit means an amount, if any, by which the Closing Net Working Capital Amount is less than $0.

Examples of Closing Net Working Capital Deficit in a sentence

  • The Estimated Closing Net Working Capital Deficit, and Estimated Net Working Capital Adjustment (and the individual elements thereof, as applicable) shall be determined and prepared in accordance with GAAP and, to the extent not inconsistent therewith, consistently with the policies, principles, procedures and methodologies used in calculating the Target Net Working Capital as set forth on the Net Working Capital Schedule (the “Working Capital Methodology”).

  • Within 90 days after the Closing Date, Buyer shall provide to the Stockholders’ Representative a statement (the “ Post- Closing Statement”) of: (i) the Transaction Costs, (ii) the Closing Indebtedness, (iii) the Closing Net Working Capital Deficit (the “Final Closing Net Working Capital Deficit”) prepared in accordance with the terms of this Agreement, and (iv) the Final Net Working Capital Adjustment.

  • In the event of a claim by Buyer for indemnity as a result of the Closing Net Working Capital Deficit exceeding the 8/20/97 Net Working Capital Deficit by an amount greater than $100,000 is made by written notice to Escrow Agent and Seller, Buyer shall initially proceed to recover such deficiencies from the Purchase Price Adjustment Escrow Cash.

  • The Estimated Closing Statement will, with respect to the Estimated Closing Cash, the Estimated Closing Net Working Capital Surplus (if any), the Estimated Closing Net Working Capital Deficit (if any), the Estimated Closing Indebtedness and the Estimated Unpaid Sellers’ Transaction Expenses, be prepared in accordance with the definitions in this Agreement.

  • Provided further, that if the Closing Net Working Capital Deficit exceeds $400,000, then the amount of "Accounts Payable" and/or "Royalty Commission Payable" to be assumed by Buyer shall be reduced to a level such that Closing Net Working Capital Deficit does not exceed $400,000.

  • The Closing Financial Statement shall be based on the Closing Date Balance Sheet and shall fairly and accurately present the Closing Net Working Capital Amount, the Closing Net Working Capital Deficit (if any), the Company Debt, the Transaction Expenses and the Aggregate Vested Exercise Price.


More Definitions of Closing Net Working Capital Deficit

Closing Net Working Capital Deficit means the Net Working Capital Deficit of the Group Companies as of the Effective Time.

Related to Closing Net Working Capital Deficit