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 shall have the meaning set forth in Section 1.2(a).
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.
Examples of Net Working Capital Adjustment in a sentence
Any Objection Notice may reference only disagreements based on mathematical errors or based on amounts of the Cash, the Closing Indebtedness Amount, the unpaid Transaction Expenses, the Net Working Capital, and the Net Working Capital Adjustment as reflected on the Closing Statement not being calculated in accordance with this Agreement, the Accounting Principles or the relevant definitions set forth in this Agreement.
More Definitions of Net Working Capital Adjustment
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 means an amount equal to Closing Net Working Capital minus Target Net Working Capital. For the avoidance of doubt, the “Net Working Capital Adjustment” may be a positive or negative number.
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 has the meaning set forth in Clause 2.4.2.
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 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.