Examples of Net Working Capital Balance in a sentence
RCM shall cause to be paid to the Acquiree Shareholder as additional Purchase Consideration by wire transfer to bank accounts designated by him the amount of the accounts receivable and other current assets actually collected less Acquiree's liabilities as set forth on the Net Working Capital Balance Sheet.
If the Estimated Net Working Capital Balance is greater than $10 million, the amount of the Cash Distribution shall be increased by the amount of such Estimated Net Working Capital Balance.
Thereafter RCM, as agent for Acquiree, shall use best efforts to promptly and fully collect all of Acquiree's accounts receivable and other current assets as they are reflected in the Net Working Capital Balance Sheet.
Within sixty (60) days of the Closing Date, RCM and the Acquiree Shareholder will cause to be prepared to their mutual satisfaction the Net Working Capital Balance Sheet.
The Effective Date Balance Sheet and the Net Working Capital Balance Sheet as defined in Section 1 hereof and the financial information contained therein will present fairly the financial condition of the Acquiree for the periods covered.
If the Estimated Net Working Capital Balance is less than $10 million, the amount of the Cash Distribution set forth in Section 2.13(a) shall be decreased by the amount of such Estimated Net Working Capital Balance.
At Closing, the Purchase Price shall be increased by $29,027, which is the amount that the Adjusted Net Working Capital Balance as of October 31, 2002 (being the sum of $536,461) exceeded the Adjusted Net Working Capital Balance as of May 31, 2002 (being the sum of $507,434), for a total of $2,606,965 payable to Seller at Closing.
Within thirty (30) days after the Closing Date, Buyers shall deliver to Sellers an adjustment statement setting forth the Net Working Capital Balance as of 11:59 p.m. on the Closing Date (the “Preliminary Adjustment Statement”) and Buyers’ written calculation of the Purchase Price, and the adjustment necessary, if any, to reconcile the Estimated Purchase Price to the Purchase Price (the “Preliminary Post-Closing Adjustment”).
On the third (3rd) business day before the Closing Date, Sellers shall estimate in good faith the amount of the Net Working Capital Balance as of 11:59 p.m. on the Closing Date and deliver to Buyers a certificate setting forth such estimate (the “Closing Certificate”).
If the Withholding Amount is not sufficient to pay such difference between the Closing Net Working Capital Balance and the Reference Working Capital Balance, then Mx. Xxxxxxxxx shall pay any shortfall to Purchaser.