Final Subsequent Closing Working Capital definition

Final Subsequent Closing Working Capital means the sum of all Current Assets reflected on the Final Subsequent Closing Balance Sheet minus the sum of all Current Liabilities reflected on the Final Subsequent Closing Balance Sheet.
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Final Subsequent Closing Working Capital means the Subsequent Closing Working Capital as finally determined pursuant to Section 1.6(b)(ii) or 1.6(b)(iii).
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Examples of Final Subsequent Closing Working Capital in a sentence

  • No part of the development shall take place until a detailed Construction Management Plan has been submitted to and approved in writing by the Local Planning Authority.

  • No claim for indemnification pursuant to ARTICLE VIII may be asserted by Purchaser to the extent such claim relates to the accuracy of the Estimated Closing Working Capital, Estimated Subsequent Closing Working Capital, Estimated Closing Deferred Revenue or Estimated Subsequent Closing Deferred Revenue or was otherwise taken into account in determining the Final Closing Working Capital, Final Subsequent Closing Working Capital, Final Closing Deferred Revenue or Final Subsequent Closing Deferred Revenue.

  • If any payment to be made pursuant to this Section 1.6(d) is not made within three (3) Business Days after the final determination of Final Closing Working Capital, Final Subsequent Closing Working Capital, Final Closing Deferred Revenue and Final Subsequent Closing Deferred Revenue, the Sellers may pursue any and all claims, rights or remedies available to the Sellers at law or in equity to obtain payment of the excess shortfall due to the Sellers bearing interest at the annual rate of 12.5%.

  • Notwithstanding the foregoing, a determination that the Final Closing Working Capital, Final Subsequent Closing Working Capital, Final Closing Deferred Revenue or Final Subsequent Closing Deferred Revenue shall have become final and binding will not preclude a party from recovering for an overpayment under this Section 1.6(c) that is attributable to a breach of a representation or warranty, subject to the limitations set forth in ARTICLE VIII.

Related to Final Subsequent Closing Working Capital

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.3(a).

  • Final Closing Indebtedness has the meaning set forth in Section 3.3(b).

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Target Net Working Capital Amount means $5,000,000.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.