Lower Target definition

Lower Target means $22,455,000.
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Lower Target means negative fifty million dollars (-$50,000,000).
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Lower Target means $17,970,000.
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Examples of Lower Target in a sentence

  • If the Estimated Closing Working Capital is less than One Million Four Hundred Thousand Canadian Dollars (CDN $1,400,000) (the “Working Capital Lower Target”), then Buyer shall reduce the Cash Consideration, as converted to United States Dollars at the then current Exchange Rate, by the amount the Working Capital Lower Target exceeds the Estimated Closing Working Capital (the amount of such shortfall, the “Shortfall Amount”).

  • There shall be no adjustment to the Cash Consideration if the Estimated Closing Working Capital is an amount which falls on or between the Working Capital Upper Target and the Working Capital Lower Target.

  • If the Estimated Closing Date Net Working Capital is greater than or equal to the Working Capital Lower Target, but less than or equal to the Working Capital Upper Target, then the Closing Date Consideration will not be adjusted pursuant to this Section 2.1(c), but may be subject to adjustment for a Working Capital Underage or Working Capital Overage following the Closing, as otherwise provided in Section 2.3.

  • If the Estimated Closing Date Net Working Capital is less than the Working Capital Lower Target, then the Closing Date Consideration will be reduced by an amount (such amount expressed as an absolute value) equal to the Working Capital Lower Target minus the Estimated Closing Date Net Working Capital (such amount, the “Working Capital Underage”).

  • If the Final Working Capital is greater than the Working Capital Lower Target, no adjustment will be made hereunder.

  • If the Working Capital Lower Target is greater than the Final Working Capital, the Aggregate Adjusted Deferred Payment Consideration shall automatically be reduced by an amount equal to the excess of the Working Capital Lower Target over the Final Working Capital and, in such event, the Parent shall deliver a written notice to the Representative reflecting the new balance of the Aggregate Adjusted Deferred Payment Consideration.

  • For the avoidance of doubt, if the Closing Working Capital is above the Lower Target and below the Upper Target, no adjustment shall be made in respect of this Section 2.15(b).

  • The Cash Purchase Price shall be adjusted as follows: (i) the Cash Purchase Price shall be decreased by the Preliminary Assumed Indebtedness and (ii) if the amount of Preliminary Working Capital exceeds the Working Capital Upper Target, then the Cash Purchase Price shall be increased by the excess, or if the amount of Preliminary Working Capital is less than the Working Capital Lower Target, then the Cash Purchase Price shall be decreased by the shortfall.

  • If the Final Net Working Capital is within the Working Capital Range, including, if the Final Net Working Capital equals the Upper Target or equals the Lower Target, then there shall be no adjustment to the Purchase Price.

  • If the Estimated Closing Working Capital Amount is less than or equal to the Upper Target Working Capital Amount and greater than or equal to the Lower Target Working Capital Amount, then the Estimated Working Capital Adjustment shall be zero.


More Definitions of Lower Target

Lower Target means $10,650,000.
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Lower Target means negative $147,000,000.00.
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Related to Lower Target

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 82.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Overcollateralization Floor.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.