Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater than the Normalised Working Capital Target (in which case it will be added to the Bid Amount for the purposes of Clause 7.3) or by which it is less than the Normalised Working Capital Target (in which case it will be deducted from the Bid Amount for the purposes of Clause 7.3);
Estimated Working Capital Adjustment means (i) if the Estimated Working Capital exceeds the Net Working Capital Peg, the amount, if any, by which the Estimated Working Capital exceeds the Net Working Capital Peg, which amount shall be expressed as a positive number, (ii) if the Estimated Working Capital is less than the Net Working Capital Peg, the amount, if any, by which the Net Working Capital Peg exceeds the Estimated Working Capital, which amount shall be expressed as a negative number, or (iii) if the Estimated Working Capital is equal to the Net Working Capital Peg, zero.
Examples of Estimated Working Capital Adjustment in a sentence
The Representative shall deliver to the Buyer the Estimated Closing Balance Sheet and a schedule setting forth the Estimated Working Capital Adjustment.
Before the Closing, the Representative and the Buyer shall in good faith mutually determine the Estimated Working Capital Adjustment.
More Definitions of Estimated Working Capital Adjustment
Estimated Working Capital Adjustment means an amount equal to the absolute value of the difference between (i) the Estimated Working Capital Amount; and (ii) the Target Working Capital;
Estimated Working Capital Adjustment means the Company’s estimate of the Working Capital Adjustment as derived from the Estimated Closing Statement and the calculation of Estimated Working Capital thereon
Estimated Working Capital Adjustment means the adjustment to the Closing Cash Amount pursuant to Section 2.4, calculated as follows: (a) if the Estimated Working Capital is greater than the Working Capital Target, then the Closing Cash Amount shall be increased by an amount equal to the Estimated Working Capital minus the Working Capital Target, or (b) if the Working Capital Target is greater than the Estimated Working Capital, then the Closing Cash Amount shall be decreased by an amount equal to the Working Capital Target minus the Estimated Working Capital.
Estimated Working Capital Adjustment means an amount equal to the difference (which may be positive or negative) between Estimated Net Working Capital and Target Net Working Capital.