Closing Working Capital definition

Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

Closing Working Capital has the meaning set forth in Section 2.3(a).

Closing Working Capital means the Working Capital as of the Effective Time.

Examples of Closing Working Capital in a sentence

• Notwithstanding anything to the contrary in this Agreement, the Parties agree that the scope of the Arbitrator’s review shall be limited to the Closing Working Capital Statement and calculation of Working Capital of the Business.

• With respect to Pre-Closing Tax Returns that are due after the Closing Date, Taxes shown as due on such Tax Returns shall be indemnified by the Specified Shareholders pursuant to Section 8.2(a)(iii)(A), but only to the extent that such Taxes exceed the amount included in the calculation of Final Closing Working Capital and in any event subject to the limitations of Article VIII.

• The Seller Owner (on behalf of Seller) shall, within 30 days after Parent’s delivery to Seller Owner of the Closing Working Capital Statement and the Support Documentation, accept or reject the Working Capital calculation as submitted by Parent.

• In no event shall the aggregate amount of bonus paid with respect to such performance periods be less than the amount accrued in Closing Working Capital as finally determined pursuant to Section 1.5.

• Additionally, if the Estimated Closing Working Capital is less than U.S.$11,200,000 (“Target Working Capital”), the Purchase Price payable at Closing by Buyer pursuant to this Section 1.5(c) and Section 1.4(b)(i) shall be reduced dollar-for-dollar, by the amount by which Target Working Capital exceeds the Estimated Closing Working Capital.

More Definitions of Closing Working Capital

Closing Working Capital has the meaning set forth in Section 2.13(a).

Closing Working Capital means the Working Capital as of the close of business on the day immediately preceding the Closing Date.

Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

Closing Working Capital means Working Capital as of 12:01 a.m. prevailing Eastern Time on the Closing Date.

Closing Working Capital means the Working Capital as of immediately prior to the Closing.

Closing Working Capital shall have the meaning set forth in Section 1.4(c).

Closing Working Capital has the meaning Section 2.4(b) specifies.