Examples of Estimated Closing Working Capital in a sentence
At least five (5) Business Days prior to the Closing, the Company and the Purchaser shall finalize an estimated statement, which sets forth the Estimated Closing Balance Sheet, the Payables, Non-Ordinary Course Liabilities and the Estimated Closing Working Capital (the “ Estimated Closing Statement”).
More Definitions of Estimated Closing Working Capital
Estimated Closing Working Capital and “Estimated Indebtedness” mean the estimates of the Closing Cash, the Closing Working Capital and the Indebtedness, as established pursuant to this Section 2.5, and “Estimated Purchase Price” means an amount equal to the Purchase Price calculated as set forth in Section 2.2, assuming for purposes of such calculation that the Closing Cash is equal to the Estimated Closing Cash, that the Closing Working Capital is equal to the Estimated Closing Working Capital and that the Indebtedness is equal to the Estimated Indebtedness. Subject to the terms and conditions of this Agreement, at the Closing, Buyer shall pay and deliver the Estimated Purchase Price (calculated as provided above) to Sellers by means of a wire transfer of immediately available cash funds to an account or accounts as directed by Sellers’ Representative (the “Sellers’ Account”).