Initial Closing Net Working Capital means (a) the current assets of the portion of the Business conducted in the Initial Closing Territory and listed on Section B-2 of the Disclosure Schedule, including all cash located in the Subject Equipment as reflected in the full service change fund, less (b) the current liabilities of the portion of the Business conducted in the Initial Closing Territory and listed on Section B-2 of the Disclosure Schedule.

Initial Closing Net Working Capital means the Closing Net Working Capital as set forth on the Closing Statement.

Initial Closing Net Working Capital means (a) the current assets of the portion of the Business conducted in the Initial Closing Territory and listed on Section B-2 of the

Examples of Initial Closing Net Working Capital in a sentence

In the event that Seller does not provide a notice of disagreement within such thirty (30)-day period, the GNC Parties and Buyer shall be deemed to have agreed to the Closing Balance Sheet and Final Closing Statement and the calculations of Initial Closing Net Working Capital, Initial Closing Indebtedness, Initial Closing Cash, and Initial Closing Unpaid Nutra Transaction Expenses delivered by Buyer, which shall be final, binding and conclusive for all purposes hereunder.
In the event any notice of disagreement is timely provided, Buyer and Seller shall use reasonable best efforts for a period of twenty (20) days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculations of Initial Closing Net Working Capital, Initial Closing Indebtedness, Initial Closing Cash or Initial Closing Unpaid Nutra Transaction Expenses.
Sellers shall use the latest available information as of the Closing Statement Delivery Date to estimate the Initial Closing Net Working Capital, Initial Closing Company Cash and Initial Closing Company Indebtedness.
For example, if Seller challenges items underlying the calculations of Initial Closing Net Working Capital, Initial Closing Indebtedness, Initial Closing Cash and Initial Closing Unpaid Nutra Transaction Expenses in the net amount of $1,000,000, and the Auditor determines that Buyer has a valid claim for $400,000 of the $1,000,000, Buyer shall bear 60% of the fees and expenses of the Auditor and the GNC Parties shall bear the remaining 40% of the fees and expenses of the Auditor.
The purchase price to be paid at the Initial Closing (the “Preliminary Purchase Price”) shall equal (i) seventy six million Dollars ($76,000,000), plus (ii) 57.14% multiplied by the Estimated Initial Closing Net Working Capital Adjustment Amount, less (iii) the Estimated Initial Closing Indebtedness plus (iv) 57.14% multiplied by the Estimated Initial Closing Cash, less (v) the Estimated Unpaid Nutra Transaction Expenses.
The terms of this Master Policy may be varied, amended, modified or suspended by an agreement in writing between Us and Citibank Berhad, without the consent of any Cardmember.
Each of Buyer and Seller shall promptly provide their respective assertions regarding Initial Closing Net Working Capital, Initial Closing Indebtedness, Initial Closing Cash and Initial Closing Unpaid Nutra Transaction Expenses and, to the extent relevant thereto, the Closing Balance Sheet in writing to the Auditor and to each other.

Related to Initial Closing Net Working Capital

Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
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).
Target Working Capital means $0.
Target Net Working Capital means $0.
Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Target Net Working Capital Amount means $5,000,000.
Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).
Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.
Final Closing Cash shall have the meaning set forth in Section 2.11(g).
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.
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.
Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).
Net Working Capital Target means $0.00.
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.
Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.
Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).
Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.
Estimated Working Capital has the meaning set forth in Section 2.3(a).
Working Capital means, on any date, Current Assets less Current Liabilities.

Initial Closing Net Working Capital definition

Filter & Search

Related Definitions

Related to Initial Closing Net Working Capital