First Closing Net Working Capital definition

First Closing Net Working Capital means: (a) the Current Assets of the Fidelity Companies (other than FTL), less (b) the Current Liabilities of the Fidelity Companies (other than FTL), determined as of the open of business on the First Closing Date.

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

Examples of First Closing Net Working Capital in a sentence

• After receipt of the First Closing Net Working Capital Statement, the Sellers’ Representative shall have 30 days (the “First Closing Review Period”) to review the First Closing Net Working Capital Statement.

• On or prior to the last day of the First Closing Review Period, the Sellers’ Representative may object to the First Closing Net Working Capital Statement by delivering to Buyer a written statement setting forth its objections in reasonable detail, indicating each disputed item or amount and the basis for its disagreement therewith (the “Statement of Objections”).

• See, Alex G Oude Elferink ‘The Sea of Okhotsk Peanut Hole De facto Extension of Coastal State Control’ in: Olav Schram Stokke Governing High Seas Fisheries: The Interplay of Global and Regional Regimes (Oxford University Press, Oxford, 2001)do to minimize the impacts of fisheries on Arctic marine biodiversity.

• More than six electricity companies have received a licence to sell capacity directly or through another company.

• If the Sellers’ Representative fails to deliver the Statement of Objections before the expiration of the First Closing Review Period, the First Closing Net Working Capital Statement and the First Closing Post-Closing Adjustment, as the case may be, reflected in the First Closing Net Working Capital Statement shall be deemed to have been accepted by the Sellers’ Representative.

• The Independent Accountant shall make a determination as soon as practicable within 45 days (or such other time as the Parties hereto shall agree in writing) after its engagement, and their resolution of the First Closing Disputed Amounts and their adjustments to the First Closing Net Working Capital Statement and/or the First Closing Post-Closing Adjustment shall be conclusive and binding upon the Parties hereto.