Initial Working Capital Statement definition

Initial Working Capital Statement has the meaning set forth in Section 1.7(a).

Initial Working Capital Statement means a statement setting forth the Purchaser’s determination of the Closing Working Capital prepared using the same accounting policies, principles and methodologies as used in the preparation of, the Reference Balance Sheet.”

Initial Working Capital Statement means a statement setting forth the Purchaser’s determination of the Closing Date Working Capital Amount prepared in accordance with Section 2.06(a).

Examples of Initial Working Capital Statement in a sentence

• Pay the penalty fee in accordance with Clause 11, second paragraph, of the Concession Agreement from 1 April 2004 to 13 December 2006 at the rate of 10% of the annual concession fee, calculated on a daily basis from the date the payment become overdue.

• Another gradient is evident along axis 2 re- presenting increased substrate size and lower agriculture with positive values of NMDS axis 2.

• The Initial Working Capital Statement shall be prepared in accordance with the Working Capital Principles applied consistently with their application in connection with the preparation of the Financial Statements and the Statement of Estimated Closing Working Capital.

• If Parent and the Seller elect to prepare the Initial Working Capital Statement and the Initial Reinsurance Settlement Statement in accordance with the immediately preceding sentence, then all subsequent references in this Section 2.06 (other than those in Sections 2.06(c), (g), (h) or (i)) to Parent and the Seller and the Acquiror, respectively, shall be deemed to be references to the Acquiror and Parent and the Seller, respectively.

• The Working Capital Adjustment shall be calculated and based upon the difference between the amount of the working capital of the Seller reflected on the Initial Working Capital Statement and the Working Capital Statement.

• If the Estimated Closing Working Capital Amount as shown on the Estimated Initial Working Capital Statement provided pursuant to Section 1.8(c)(vi) is less than the Target Working Capital Amount (such difference, the “Estimated Working Capital Deficiency”), the Closing Date Merger Consideration paid by the Parent and Merger Sub to the Holders at Closing shall be correspondingly reduced by the amount of the Estimated Working Capital Deficiency.

• If no Notice of Disagreement is received by the Acquiror prior to the expiration of the Review Period, then the Initial Working Capital Statement shall be deemed to have been accepted by the GE Parties and shall become final and binding upon the parties in accordance with Section 2.08(c).

• The Initial Working Capital Statement shall be prepared in accordance with the Transaction Accounting Principles and shall be in the format of the Reference Working Capital Statement.

• The Seller may dispute items reflected on the Initial Working Capital Statement only on the basis that such amounts were not determined in conformity with the provisions of this Agreement or contain arithmetic errors.

• At all reasonable times during the 60-day period, the Purchaser shall afford access to and permit the Seller and its representatives to review the records of the Business reasonably requested by the Seller and afford access to Employees in order for the Seller to prepare the Initial Working Capital Statement.

More Definitions of Initial Working Capital Statement

Initial Working Capital Statement means a statement attached hereto as Schedule 2.2, stating the amount of the Working Capital as of the Lockdown Date prepared in accordance with GAAP as if the Business was conducted by the Company as a standalone entity, and including the supporting information required under Schedule 2.2.

Initial Working Capital Statement means a statement prepared pursuant to Schedule 5.01 setting forth TDCC’s determination of the Working Capital Amount.