H&N Working Capital means, for the applicable date, the net working capital of the H&N Business (with respect to the following elements, to the extent included in the Acquired H&N Assets or the Assumed H&N Liabilities), calculated by subtracting (a) the sum of the amounts as of the close of business on the applicable date for the current liability line items and the general ledger accounts shown on the H&N Sample Closing Statement for the H&N Business (for the avoidance of doubt, excluding any Cash Amount), from (b) the sum of the amounts as of the close of business on the applicable date for the current asset line items and general ledger
H&N Working Capital means, for the applicable date, the net working capital of the H&N Business (with respect to the following elements, to the extent included in the Acquired H&N Assets or the Assumed H&N Liabilities), calculated by subtracting (a) the sum of the amounts as of the close of business on the applicable date for the current liability line items and the general ledger accounts shown on the H&N Sample Closing Statement for the H&N Business (for the avoidance 1414958.12A-NYCSR03A - MSW of doubt, excluding any Cash Amount), from (b) the sum of the amounts as of the close of business on the applicable date for the current asset line items and general ledger accounts shown on the H&N Sample Closing Statement for the H&N Business, in each case determined in accordance with the H&N Accounting Principles; provided that (i) all such amounts shall be adjusted, if necessary, to exclude all amounts to the extent related to any Excluded H&N Assets or Retained H&N Liabilities and (ii) no amounts shall be included in respect of deferred Tax assets or liabilities.
Examples of H&N Working Capital in a sentence
The Fermat Dispute Notice shall set forth in reasonable detail the basis for any dispute included therein, the amounts involved and Fermat’s determination of the H&N Adjustment Amount, including the Closing H&N Working Capital Amount.