Estimated Statement of Working Capital definition

Estimated Statement of Working Capital means the statement of working capital prepared by the Company and delivered to the Parent pursuant to Schedule 7.2(g).

Estimated Statement of Working Capital shall have the meaning set forth in Section 2.2.1.

Estimated Statement of Working Capital means in respect of each of CTRL, CTL (Malaysia), the CTL Business and the CTSL Business, the estimated statement of working capital in the Agreed Form prepared in accordance with Clause 3 and the Relevant Accounting Principles;

Examples of Estimated Statement of Working Capital in a sentence

• The Sellers shall afford, and shall cause the Companies and Subsidiaries to afford, the Purchaser and its respective representatives reasonable opportunity to review the preparation of the Estimated Statement of Working Capital, including supporting detail, undertaken by the Sellers.

• The Estimated Statement of Working Capital shall be prepared in accordance with the Accounting Principles.

• The Initial Purchase Price to be paid at the Closing shall be decreased dollar for dollar to the extent the Working Capital set forth on the Estimated Statement of Working Capital is less than the Target Working Capital (the "Closing Adjustment").

• The Sellers shall prepare and, not less than five (5) Business Days prior to the anticipated Closing Date, deliver to the Purchaser an estimated statement of Working Capital as of the close of business on the Closing Date (the "Estimated Statement of Working Capital").

• Without limiting the preceding sentence, Buyer shall cause the Company and its Subsidiaries to make available to Seller and Xxxxx and their respective advisors all work papers and other documents or information used in preparing the Estimated Statement of Working Capital, the draft Final Statement of Working Capital and the Final Statement of Working Capital, to the extent such work papers are relevant to the calculation of Closing Company Working Capital or Closing Company Asset Value.

• As soon as practicable following the Closing, the Purchaser shall, upon request, deliver a copy of all books and records of the Seller relating to the Business and acquired by the Purchaser pursuant hereto to the shareholders of the Seller in sufficient detail to enable such shareholders to prepare the Seller's financial statements, the Estimated Statement of Working Capital, Final Statement of Working Capital and all Tax Returns of the Seller relating to periods ending on or prior to the Closing Date.

• The Estimated Statement of Working Capital shall be calculated based on the Estimated Closing Balance Sheet.

• The Initial Purchase Price to be paid at the Closing shall be decreased dollar for dollar to the extent the Working Capital set forth on the Estimated Statement of Working Capital is less than the Target Working Capital (the “Closing Adjustment”).

More Definitions of Estimated Statement of Working Capital

Estimated Statement of Working Capital means the unaudited special purpose statement of consolidated Working Capital of the Company and its Subsidiaries as of the Effective Time of Closing, as proposed and delivered by Seller in accordance with Section 2.2(a) hereof.

Estimated Statement of Working Capital has the meaning set forth in Section 1.5(a) hereof.