Net Working Capital Adjustment definition

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.

Net Working Capital Adjustment means (i) the amount by which Net Working Capital exceeds $8,153,234 or (ii) the amount by which Net Working Capital is less than $8,153,234, in each case, if applicable; provided that any amount which is calculated pursuant to clause (ii) above shall be deemed to be a negative number.

Net Working Capital Adjustment has the meaning set forth in Section 2.6(d)(i).

Examples of Net Working Capital Adjustment in a sentence

• If the Post-Closing Aggregate Net Working Capital Adjustment Amount is a positive amount, then Purchaser shall pay in cash to Seller the amount of the Post-Closing Aggregate Net Working Capital Adjustment Amount.

• If the Post-Closing Aggregate Net Working Capital Adjustment Amount is a negative amount, then Seller shall pay in cash to Purchaser the amount equal to the absolute value of the Post-Closing Aggregate Net Working Capital Adjustment Amount.

• The Closing Balance Sheet and the Closing Statement are each accurate and complete, including the amounts of the Company Transaction Expenses, the Net Working Capital Adjustment Amount and the Indebtedness set forth in the Closing Statement.

• The complaint states that the estimated Net Working Capital Adjustment was $4,317,800.

• The Net Working Capital Adjustment shall be determined by referring to the Audited Closing Financial Statements.

More Definitions of Net Working Capital Adjustment

Net Working Capital Adjustment means the amount, which can be negative, equal to (a) the Net Working Capital minus (b) the Target Net Working Capital.

Net Working Capital Adjustment means Net Working Capital minus $15,989,000, expressed as a positive number if positive, and as a negative number if negative.

Net Working Capital Adjustment shall have the meaning specified in Section 3.03(a).

Net Working Capital Adjustment means (i) the amount by which Net Working Capital exceeds the Net Working Capital Target, or (ii) the amount by which Net Working Capital is less than the Net Working Capital Target, in each case, if applicable; provided that any amount which is calculated pursuant to clause (ii) above shall be deemed to be a negative number.

Net Working Capital Adjustment means the amount by which Net Working Capital is more than $[***] above the Target Net Working Capital Amount or is more than $[***] below the Target Net Working Capital Amount, as applicable.

Net Working Capital Adjustment means (a) if the amount of the Closing Net Working Capital is less than the Target Net Working Capital, a reduction to the Aggregate Cash Purchase Price equal to the amount of such deficiency; and (b) if the amount of the Closing Net Working Capital is greater than the Target Net Working Capital, an increase to the Aggregate Cash Purchase Price equal to the amount of such excess.

Net Working Capital Adjustment is the difference between the Closing Date Working Capital (as defined below) less the Target Working Capital. The calculation of Working Capital will not include notes payable and bank loans.