Closing Trade Working Capital definition

Closing Trade Working Capital means, with respect to either Company, as applicable, the excess of (i) the sum of such entity’s accounts receivable and inventory as of 11:59 p.m. local time of such entity’s principal place of business on the 31 January 2016 included in the Draft Balance Sheet, over (ii) such entity’s accounts payable as of 11:59 p.m. local time of such entity’s principal place of business on 31 January 2016 included in the Draft Balance Sheet, in each case calculated as of 11:59 p.m. local time of such entity’s principal place of business on 31 January 2016 in accordance with Accounting Principles, provided, that the Closing Trade Working Capital shall not take into account any amount in respect of (w) the current portions of any amounts reflected in the Closing Debt Amount, (x) the Closing Cash Amount, (y) any deferred Tax assets or liabilities and (z) any accrued liabilities that constitute the costs and expenses incurred by such entity in connection with the negotiation, execution and delivery of the Transaction Documents (it is understood that the determination of the Closing Debt Amount and the Closing Cash Amount as used in, and the calculation thereof for purposes of the definition of, "Closing Trade Working Capital" shall be made without any reference to the words "US Dollar Amount" as indicated in the definitions of the "Closing Cash Amount" and the "Closing Debt Amount").
Closing Trade Working Capital has the meaning set forth in Section 2.4(b).
Closing Trade Working Capital means current assets less current liabilities, in each case as reflected on the Closing Balance Sheet, except as modified by Annex III.

Examples of Closing Trade Working Capital in a sentence

  • Any such notice of disagreement shall specify those items or amounts as to which Buyer disagrees, and Buyer shall be deemed to have agreed with all other items and amounts contained in the Closing Balance Sheet and the Madera Closing Balance Sheet and the calculation of Closing Trade Working Capital, Madera Closing Trade Working Capital, Closing Net Fixed Assets or Madera Closing Net Fixed Assets delivered pursuant to Section 2.8(a).

  • At this meeting, the company reiterated its position for a temporary closure.

  • For the avoidance of doubt, none of the specific amounts stipulated in Schedule 1.01(c) shall prejudice the determination by the parties hereto and/or the Firm of the Draft Closing Balance Sheets and the Draft Closing Balance Sheet Statements, the Closing Trade Working Capital, the Closing Debt Amount and the Closing Cash Amount for the Companies in accordance with the provisions of Section 1.01(d).

  • In such regard, Buyer and its representatives may be present for audit meetings during the preparation of the Closing Balance Sheet and the Madera Closing Balance Sheet and the calculation of Closing Trade Working Capital, Madera Closing Trade Working Capital, Closing Net Fixed Assets and Madera Closing Net Fixed Assets.

  • If during such period, Seller and Buyer are unable to reach such agreement, they shall promptly thereafter cause the Accounting Referee promptly to review this Agreement and the disputed items or amounts for the purpose of calculating those items of Closing Trade Working Capital, Madera Closing Trade Working Capital, Closing Net Fixed Assets and Madera Closing Net Fixed Assets which are in dispute.

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