Closing Statement of Working Capital definition

Closing Statement of Working Capital has the meaning set forth in Section 2.04(a).

Closing Statement of Working Capital shall have the meaning set forth in Section 3.3(b).

Closing Statement of Working Capital means the statement of Accounts Receivable, Inventory, Accounts Payable (except Inter-Company Funding Payables) and Accrued Expenses of Seller as of the Closing Date prepared consistent with the Statement of Accounts.

Examples of Closing Statement of Working Capital in a sentence

• The Closing Statement of Working Capital shall be derived from the Closing Balance Sheet and shall be prepared in accordance with the guidelines set forth on Schedule 2.04.

• The Accounting Arbitrator shall determine whether, with respect to the disputed items, the Closing Statements were prepared (I) with regard to the Closing Statement of Working Capital, on a basis consistent with GAAP Consistently Applied, and (II) with regard to the Closing Statement of Net Indebtedness, on a basis consistent with this Agreement.

• However, all financial transactions under said January 1, 2004 Agreements which occurred prior to the Closing shall be reflected, as appropriate, in the Closing Statement of Working Capital.

• Subject to the following provisions of this Section 3.03(e), the Closing Statement of Working Capital delivered by Parent to Stockholders’ Representative shall be final, binding and conclusive.

• The Closing Statement of Working Capital shall set forth the Net Working Capital of the Reference Companies as of the Closing Date (the “Closing Net Working Capital”), provided, that the Preliminary Statement of Working Capital and the Closing Statement of Working Capital shall include a reserve of 1.5% against all receivables included therein.

• The Estimated Closing Statement of Working Capital sets forth the estimated net Working Capital of the Company as of the Effective Time (the “Estimated Closing Net Working Capital”), calculated in accordance with the Accounting Principles.

• The determinations pursuant to Section 2.3(a) --------------- of the Asset Purchase Agreement of the Closing Balance Sheet, the Closing Statement of Working Capital, the Restructuring Amount and the Norden Amount shall each be as of 11:59 p.m. on February 29, 1996, rather than the close of business on the Closing Date.

• If, after such review, the Buyer objects to the Closing Statement of Working Capital, the Buyer shall inform the Seller of that fact prior to the expiration of the foregoing ninety (90) day period, including a statement indicating the basis for its objections, and the Buyer and the Seller shall meet and confer in an effort to resolve such disagreement in good faith.

• The Closing Statement of Working Capital will be derived from the Closing Date Balance Sheet, present Closing Date Working Capital in reasonably sufficient detail to determine any amounts owing to Buyer or Parent under this Section 3.3, be presented in substantially the form of SCHEDULE 3.3 and include only those assets and liabilities transferred to Buyer hereunder.

• The Closing Statement of Working Capital shall set forth the Working Capital of the Companies as of the commencement of business on the Closing Date (the “Closing Net Working Capital”).

More Definitions of Closing Statement of Working Capital

Closing Statement of Working Capital has the meaning set forth in Section 3.3(a).

Closing Statement of Working Capital. 2.06(b) “COBRA” 3.14(h) “Companies” Recitals “Company Employees” 6.01 “Company Permits” 3.10(b) “Confidential Information” 5.03 “Confidentiality Agreement” 5.03 “Cut Off Date” 5.08(a) “Designated Person” 3.26(b) “Development Territory” 5.05(b) “Earnout” 2.02(c)