Pre-Closing Net Working Capital definition

Pre-Closing Net Working Capital shall have the meaning set forth in Section 2.6(a)(viii).

Pre-Closing Net Working Capital means the Target Net Working Capital as of the Determination Time on September 30, 2020.

Pre-Closing Net Working Capital means the Net Working Capital as of a date no more than one (1) month prior to the Closing Date, as delivered by the Company to Parent no later than five (5) days before the Closing Date.

Examples of Pre-Closing Net Working Capital in a sentence

• The calculation of Pre-Closing Net Working Capital is disclosed in Section 2.04(a)(i).

• All accounts receivable, notes receivable and other debts due and accruing to each Company reflected in the Financial Statements or that will be reflected in the Pre-Closing Net Working Capital Statement are bona fide; provided, however, that the foregoing is not a guarantee of collection or collectability.

• The principal activities of Evergro are that of an investment holding company and real estate development.

• Seller agrees to consult, in good faith, with Buyer in connection with the calculation of the Pre-Closing Net Working Capital.

• As used in this Agreement, the "Pre-Closing Net Working Capital" shall be ------------------------------- determined in accordance with this Section 3.1 and shall mean the total current assets minus the total current liabilities of the Company as reflected on the Pre-Closing Balance Sheet.

• The Pre-Closing Working Capital Statement and the Final Working Capital Statement shall be prepared, and the Pre-Closing Net Working Capital and Final Net Working Capital shall be calculated, in accordance with the example attached hereto as Exhibit F.

• To the extent that the Estimated Pre-Closing Net Working Capital of BUSA (i) is less than $46.6 million (the "Target Net Working Capital"), then the dollar amount referred to in Section 1.6(c)(i) shall be reduced by the difference between $46.6 million and the Estimated Pre-Closing Net Working Capital, or (ii) exceeds $46.6 million, then the dollar amount referred to in Section 1.6(c)(i) shall be increased by the difference between the Estimated Pre-Closing Net Working Capital and $46.6 million.

• Craighton Hippenhammer, "Patron Objections to Library Materials: a Survey of Christian College Libraries, Part I," The Christian Librarian 37:1 (1993): 12-17; also http://digitalcommons.olivet.edu/lsci_facp/7/.

More Definitions of Pre-Closing Net Working Capital

Pre-Closing Net Working Capital an amount equal to $19,451,000. Pre-Closing Period: as defined in Section 3.4(c).

Pre-Closing Net Working Capital. The Parties agree that the Pre-Closing Net Working Capital has (a) cash up to $* million in amount plus (b) accounts receivable that (i) includes only invoices dated 90 or fewer days from closing and (ii) is no greater than $* million in amount plus (c) a net inventory balance that is no greater than $* million in amount with a reserve for obsolete and excess inventory calculated in accordance with EXHIBIT C plus (d) prepaid expenses that are no greater than $* minus (e) accounts payable up to $* million in amount minus (f) accrued liabilities other than Taxes (which includes but is not limited to any accrued compensated absences, payroll, employee bonuses, rent, warranties, interest and insurance) no greater than $* million in amount, consolidated for Target and Target Subsidiaries in accordance with U.S. GAAP. Seller agrees to consult, in good faith, with Buyer in connection with the calculation of the Pre-Closing Net Working Capital. * Certain confidential information contained in this document, marked with asterisks has been redacted pursuant to a request for confidential treatment and has been filed separately with the Securities and Exchange Commission.