Examples of Estimated Working Capital in a sentence
If the Estimated Working Capital is greater or less than the Targeted Working Capital, the cash payable to Seller on the Closing Date shall be increased or reduced dollar-for-dollar by the amount of the excess or shortfall (the “Closing Date Adjustment Amount”), without affecting the Total Purchase Price payable pursuant to the Post-Closing Adjustment pursuant to Section 1.5(c).
This procedure shall be repeated as of the date falling 6 months after Closing, however based on the Final Working Capital, it being understood that any liabilities and/or debt item including any future costs associated with the Company’s current office location in the Estimated Working Capital and/or Final Working Capital as well as any collected receivable included in the Estimated Working Capital and/or Final Working Capital shall only be counted once.
No later than 10 Business Days after the date falling 3 months after Closing the Buyer must send such overview to the Seller and at the same time transfer to the Seller’s Bank Account an amount equal to the aggregate amount of collected receivables included in the Estimated Working Capital to the extent that such amounts exceed the aggregate amount of the liabilities and/or debt items including any future costs associated with the Company’s current office location included in the Estimated Working Capital.
A calculation of the Preliminary Purchase Price, specified as the Enterprise Value with the addition of the Estimated Net Debt/Cash if this amount exceeds DKK 0 or less the Estimated Net Debt/Cash if this amount is lower than DKK 0, and with the addition of the amount by which the Estimated Working Capital exceeds the Agreed Working Capital or less this amount if the Agreed Working Capital exceeds the Estimated Working Capital.
If the Closing Working Capital Adjustment is different from the Estimated Working Capital Adjustment, there shall be a positive or negative adjustment to the Purchase Price, as the case may be, equal to the difference of the Closing Working Capital Adjustment minus the Estimated Working Capital Adjustment (the “Post-Closing Adjustment Amount”).