Estimated Closing Working Capital Adjustment definition

Estimated Closing Working Capital Adjustment means the amount (which may be a negative number) equal to (a) Estimated Closing Working Capital minus (b) the Working Capital Target Amount.

Estimated Closing Working Capital Adjustment is defined in Section 2.6.4.

Estimated Closing Working Capital Adjustment means the amount (which may be expressed as a negative number) equal to the Estimated Closing Working Capital, less the Target Closing Working Capital.

Examples of Estimated Closing Working Capital Adjustment in a sentence

• If the sum of the Estimated Closing Working Capital Adjustment Amount plus the Post-Closing Adjustment Amount is negative or zero, the "Final Canada Purchase Price" and the "Final USA Purchase Price" shall each be zero.

• Leading Learning, Teaching, and Curriculum — 3 hrs.(Tailored for teacher leaders in American international schools) Extensive study in the knowledge and skills needed by teacher leaders to help lead the development and delivery of curriculum, assessment and instruction focused on student achievement.

• If applicable, Human Subjects Training (e.g. that offered by CITI) must be completed by the February 23, 2018 when the PI Panel Confirms Awards.

• Not less than five (5) Business Days prior to the Closing Date, Seller shall prepare and deliver to Buyer, a statement containing the calculation of the Estimated Closing Working Capital and Estimated Closing Working Capital Adjustment, accompanied by reasonable supporting documentation.

• On the Closing Date, Purchaser shall pay to the Sellers in accordance with Article 2.1(i) the Cash Consideration minus the Estimated Closing Working Capital Adjustment as defined in Exhibit 3, plus the Estimated Closing Cash, less the Estimated Closing Debt, minus the Estimated Vivendi Leakage Amount.

More Definitions of Estimated Closing Working Capital Adjustment

Estimated Closing Working Capital Adjustment shall be an amount (whether positive or negative) equal to: (a) the Estimated Closing Working Capital minus (b) the Target Working Capital; provided that the Estimated Closing Working Capital Adjustment shall be an amount equal to zero in the event the Estimated Closing Working Capital is determined to be an amount greater than $4,294,034 and less than $4,746,038.

Estimated Closing Working Capital Adjustment shall have the meaning set forth in Section 2.10(a)(iii). “Estimated Merger Consideration” shall have the meaning set forth in Section 2.10(a).

Estimated Closing Working Capital Adjustment means the amount, which may be positive or negative, equal to the Estimated Closing Working Capital minus the Closing Working Capital Target.

Estimated Closing Working Capital Adjustment shall be an amount equal to the Estimated Closing Working Capital minus $1,425,000 (the “Target Working Capital”). If the Estimated Closing Working Capital Adjustment is a positive number, the Initial Purchase Price Payment shall be increased by the amount of the Estimated Closing Working Capital Adjustment. If the Estimated Closing Working Capital Adjustment is a negative number, the Initial Purchase Price Payment shall be reduced by the amount of the Estimated Closing Working Capital Adjustment.

Estimated Closing Working Capital Adjustment has the meaning set forth in Exhibit 3.

Estimated Closing Working Capital Adjustment has the meaning set forth in Section 2.2(a)(v).

Estimated Closing Working Capital Adjustment is defined in Section 1.3(a).