Normalized Net Working Capital definition
Examples of Normalized Net Working Capital in a sentence
Net Working Capital as of 12:01 Eastern Time on the Closing Date shall be no less than the Normalized Net Working Capital Target Amount, and the Closing Cash Balance shall be no less than the Normalized Cash Balance Target Amount.
Buyer shall also prepare and deliver to Seller a statement setting forth the calculation of the adjustment from the Normalized Net Working Capital, which was calculated as set forth on Schedule 2.4.
If the Net Working Capital set forth on the Net Working Capital Statement plus cash and cash equivalents on hand at V7, WAS and Indigo as of the Closing is less than the Holdings Normalized Net Working Capital set forth on the Net Working Capital Statement, then the difference between the Net Working Capital and the Holdings Normalized Net Working Capital shall constitute the “Net Working Capital Shortfall”.
The Aggregate Purchase Price plus or minus the adjustment from the Normalized Net Working Capital described in Section 2.5 (the “Purchase Price Adjustment”) shall be the purchase price (the “Purchase Price”).