Final Working Capital Statement definition

Final Working Capital Statement is defined in Section 2.4(c)(1).

Final Working Capital Statement means the statement of Closing Working Capital determined pursuant to the procedures set forth in Section 2.08(e).

Final Working Capital Statement shall have the meaning set forth in Section 2.5(b).

Examples of Final Working Capital Statement in a sentence

• Buyer shall promptly reimburse Sellers for the amount of any such Taxes paid by Sellers to the extent such Taxes, if any, are attributable (as determined under Section 8.2 hereof) to periods following the Closing Date or were included as an accrual, reserve or provision reflected in the Final Working Capital Statement.

• All claims for indemnification pursuant to this Article 10 including with respect to the Final Working Capital Statement, shall be made in accordance with the provisions of the Escrow Agreement so long as it is by its terms applicable.

• Grantor shall have 30 days to review the Final Working Capital Statement and supporting documentation and shall have reasonable access to the books, records and personnel of Grantee and NNGC for purposes of verifying the accuracy of the calculation of Final Working Capital.

• Except as otherwise provided herein, any payment of the Post-Closing Adjustment shall (A) be due (x) within ten (10) Business Days of acceptance of the Final Working Capital Statement or (y) if there are Disputed Amounts, then within ten (10) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed in writing by Buyer or Seller, as the case may be.

• The Independent Accountants shall only decide the specific items under dispute by the Parties and their decision for each Disputed Amount must be within the range of values assigned to each such item in the Final Working Capital Statement and the Statement of Objections, respectively.

More Definitions of Final Working Capital Statement

Final Working Capital Statement has the meaning set forth in Section 2.3(b) or Section 2.3(c), as applicable.

Final Working Capital Statement shall be deemed to be (i) the Closing Working Capital Statement if no Objection is delivered by GP during the thirty (30) day period specified above, or (ii) if an Objection is delivered by GP, the Closing Working Capital Statement, as adjusted by either (A) the agreement of the parties or (B) the CPA Firm. The amount set forth on the Final Working Capital Statement is hereinafter referred to as the “Final Closing Working Capital”.

Final Working Capital Statement means the net working capital statement that sets forth the Current Assets and the Current Liabilities (including the Current Assets and the Current Liabilities related to the Retained Franchises, if any) as of the Closing Time, prepared, or caused to be prepared, by the Buyer in accordance with Section 2.9(d) hereof and, in the event of a Seller’s Working Capital Objection, as adjusted by agreement of the Buyer and the Seller, or by the CPA Firm, acting pursuant to Section 2.9(f).

Final Working Capital Statement means the final and binding statement prepared pursuant to Schedule 5.01 setting forth the Working Capital Amount.

Final Working Capital Statement setting forth the Net Working Capital as of the close of business on the Closing Date (the “Final Working Capital”) and Cash on Hand as of the close of business on the Closing Date (the “Final Cash on Hand”). The Final Working Capital Statement shall be prepared in accordance with the same accounting principles, practices, methodologies and policies used in the preparation of the Working Capital Statement.

Final Working Capital Statement shall be (i) the Preliminary Working Capital Statement in the event that (x) the Buyer's Working Capital Objection is not delivered to Sellers in the period set forth in Section 2.04(a)(ii) hereof or (y) Sellers and Buyer so agree; or (ii) the Preliminary Working Capital Statement, as adjusted by either (x) the agreement of Sellers and Buyer or (y) the CPA Firm.

Final Working Capital Statement is defined in Section 2.5(b).