Estimated Net Working Capital Deficiency definition

Estimated Net Working Capital Deficiency has the meaning provided such term in Section 2.9(b).

Estimated Net Working Capital Deficiency means the amount, if any, by which the Target Net Working Capital exceeds the Estimated Net Working Capital.

Estimated Net Working Capital Deficiency means the absolute value of the amount, if any, by which (x) the Estimated Net Working Capital, is less than (y) the Target Net Working Capital Amount minus $250,000.

Examples of Estimated Net Working Capital Deficiency in a sentence

• The “Estimated Closing Payment” will be equal to the Initial Purchase Price (i)(A) increased by the Estimated Net Working Capital Surplus (if any) or (B) decreased by the Estimated Net Working Capital Deficiency (if any), (ii) decreased by the Estimated Indebtedness at Closing, (iii) decreased by the Seller Transaction Expenses and (v) increased by Estimated Cash.

• At least five calendar days prior to the Closing, the Company will deliver to Purchaser a statement (the “Estimated Adjustment Statement”) setting forth the Company’s estimate of Cash, Indebtedness, unpaid Transaction Expenses and Net Working Capital as of the Closing Date, in each case prepared in accordance with the Calculation Principles, and the resulting calculation of the Estimated Net Working Capital Overage, if any, and the Estimated Net Working Capital Deficiency, if any.

• Following its inaugural two year period the Board will examine the possibility of including a broad representation of the social sciences on the roster in order to buttress work being done in the province to benefit the well being and sustainability of our communities.

• To the extent the Estimated Net Working Capital is less than $12,950,000 (such difference being herein referred to as the “Estimated Net Working Capital Deficiency Amount”), the Purchase Price, and the Base Purchase Price payable at Closing, shall be reduced by the amount of the Estimated Net Working Capital Deficiency Amount.

• The Cabinet Decision taken in December 2005, titled Southbank Development, set out a number of objectives.

More Definitions of Estimated Net Working Capital Deficiency

Estimated Net Working Capital Deficiency means the amount, expressed as a negative number, by which the Estimated Closing Net Working Capital is less than the amount comprised of (i) the Net Working Capital Target, less (ii) the Deficiency Collar Amount; provided that if the difference between the Estimated Closing Net Working Capital and the Net Working Capital Target is less than or equal to the Deficiency Collar Amount, the Estimated Net Working Capital Deficiency shall be deemed to be $0. By way of illustration, if the Estimated Closing Net Working Capital is $13,180,000.00, the Estimated Net Working Capital Deficiency is negative $20,000.00.

Estimated Net Working Capital Deficiency means the amount, if any, by which Estimated Net Working Capital is less than Target Net Working Capital.

Estimated Net Working Capital Deficiency means the amount, if any, but which the Estimated Net Working Capital is less than the Target Net Working Capital.

Estimated Net Working Capital Deficiency means the amount, expressed as a negative number, by which the Estimated Closing Net Working Capital is less than the amount comprised of (i) the Net Working Capital Target, less (ii) the Deficiency Collar Amount; provided that if the difference between the Estimated Closing Net Working Capital and the Net Working Capital Target is less than or equal to the Deficiency Collar Amount, the Estimated Net Working Capital Deficiency shall be deemed to be $0. By way of illustration, if the Estimated Closing Net Working Capital is $13,180,000.00, the Estimated Net Working Capital Deficiency is negative $20,000.00. - 10 -

Estimated Net Working Capital Deficiency means the amount, if any, by which Target Net Working Capital exceeds Estimated Net Working Capital. "Estimated Net Working Capital Surplus" means the amount, if any, by which Estimated Net Working Capital exceeds Target Net Working Capital. "Extended Commitment" has the meaning specified in Section 8.1(c)(ii)(X).

Estimated Net Working Capital Deficiency has the meaning set forth in Section 3.1(b).

Estimated Net Working Capital Deficiency means the Company's good faith estimate of the Net Working Capital Deficiency as of the Closing Date as set forth on a certificate signed by an officer of the Company delivered to the Parent at least two business days prior to the Closing Date.