Linread definition
Examples of Linread in a sentence
Linread Limited, a private company limited by shares incorporated under the laws of England and Wales.
In the event Linread or Buyer incurs liability with respect to its former pension plan and such liability would fall within the scope of the indemnity provided under the agreement listed in Section 6.17 of the Disclosure Schedule, TransDigm shall cause Company to assert a claim on behalf of Linread, at Linread’s expense, under such purchase agreement and shall remit any recovery thereunder to Linread or Buyer, as the case may be.
If (A) the Actual Closing Working Capital in Pounds Sterling of Linread is less than (B) 97.5% of the Working Capital Target - UK (the amount of such deficit being the “Deficit Amount - UK”), then the Net Purchase Price - UK will be decreased by such Deficit Amount - UK, and Sellers shall, within five (5) Business Days after the determination thereof, pay to Buyer an amount equal to the Deficit Amount - UK.
If there is a positive balance of Actual Cash and Cash Equivalents in United States Dollars at Valley-Todeco and/or the Actual Cash and Cash Equivalents in Pounds Sterling of Linread as of the Closing Date, then Buyer shall, within five (5) Business Days after the final determination of the Actual Cash and Cash Equivalents, pay to the US Seller and/or the UK Seller, as applicable, such positive balance(s) of Actual Cash and Cash Equivalents, subject to Section 2.3(c)(viii).
Such payment shall be made to US Seller, if applicable, in United States Dollars with respect to any positive balance of Actual Cash and Cash Equivalents at Valley-Todeco and/or to UK Seller in Pounds Sterling with respect to any positive balance of Actual Cash and Cash Equivalents at Linread, in either case by cashier’s or certified check, or by wire transfer of immediately available funds to one or more accounts designated by Sellers.
If (A) the Actual Closing Working Capital in Pounds Sterling of Linread exceeds (B) 102.5% of the Working Capital Target - UK (the amount of such excess being the “Excess Amount - UK”), then the Net Purchase Price - UK will be increased by such Excess Amount - UK, and Buyer shall, within five (5) Business Days after the determination thereof, pay to Sellers an amount equal to such Excess Amount - UK.
Such payment shall be made in United States Dollars with respect to a deficit of Actual Cash and Cash Equivalents at Valley-Todeco and/or in Pounds Sterling with respect to a deficit of Actual Cash and Cash Equivalents at Linread, in either case by cashier’s or certified check, or by wire transfer of immediately available funds to one or more accounts designated by Buyer.
The purpose of the purchase price adjustments set forth in this Section 2.3 is to measure, with respect to each of Valley-Todeco and Linread separately, any changes in Working Capital of each of the Fastener Subsidiaries from their respective targets to the final amounts on the same accounting basis consistently applied to reflect transactions and/or events up to and conditions existing at the Closing Date.
If there is a negative balance of Actual Cash and Cash Equivalents in United States Dollars at Valley-Todeco and/or the Actual Cash and Cash Equivalents in Pounds Sterling at Linread as of the Closing Date, then the US Seller and/or the UK Seller, as applicable, shall, within five (5) Business Days after the final determination of the Actual Cash and Cash Equivalents, pay to Buyer the amount of the deficit.
The Statutory Statements present fairly, in all material respects, the financial position of Linread in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).