Company Net Worth Closing Adjustment definition

Company Net Worth Closing Adjustment means an amount (whether positive or negative) equal to the result of (i) the Estimated Company Closing Net Worth, and minus (ii) $250,000, which is the amount of capital required to meet the Company’s regulatory capital obligations.

Examples of Company Net Worth Closing Adjustment in a sentence

  • The Closing Statement shall be binding on the Parties for the purposes of determining the Company Net Worth Closing Adjustment payable by the Buyer to the Seller at the Closing.

  • On the day that is five Business Days immediately prior to the anticipated Closing Date, the Seller shall prepare and deliver to the Buyer a statement setting forth a good faith estimate of the Company Closing Net Worth (the “Estimated Company Closing Net Worth”) and the Company Net Worth Closing Adjustment (the “Closing Statement”), together with all related supporting schedules, calculations and documentation.

Related to Company Net Worth Closing Adjustment