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 shall have the meaning set forth in Section 1.2(a).
Examples of Net Working Capital Adjustment in a sentence
The Proposed Closing Date Calculations shall be revised as appropriate to reflect the resolution of any objections thereto pursuant to this Section 2.3(d)(ii) and, as so revised, such Proposed Closing Date Calculations shall be deemed to set forth the final Net Working Capital Adjustment, Cash and Cash Equivalents, Closing Date Indebtedness, Unpaid Transaction Expenses and Purchase Price, in each case, for all purposes hereunder (including the determination of the Actual Adjustment).
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 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.
Net Working Capital Adjustment has the meaning set forth in Clause 2.4.2.
Net Working Capital Adjustment has the meaning set forth in Section 2.6(d)(i).