Pre-Closing Working Capital definition

Pre-Closing Working Capital means (a) Current Assets minus (b) Current Liabilities, in each case, calculated in accordance with the Calculation Principles and determined as of the last day of the month ended immediately prior to the Closing Date.
Pre-Closing Working Capital has the meaning ascribed to it in Section 6.17.
Pre-Closing Working Capital means the Working Capital derived from the Pre-Closing Balance Sheet.

Examples of Pre-Closing Working Capital in a sentence

  • Seller and Buyer each shall bear its own expenses in the preparation and review of the Pre-Closing Working Capital Statement.

  • The Pre-Closing Working Capital Statement shall be prepared on a basis consistent with the accounting policies, practices, procedures and principles used in preparing the Detailed Balance Sheet.

  • The Pre-Closing Working Capital Statement will contain a good faith estimate, set forth in reasonable detail, of the amount of Working Capital of the business conducted at the Property as of the Closing Date (the “Pre-Closing Working Capital”).

  • Flamingo and Flamingo Buyer each shall bear its own expenses in the preparation and review of the Pre-Closing Working Capital Statement.

  • The Current Assets and the Current Liabilities reflected in the Pre-Closing Working Capital Statement shall be prepared in a manner consistent with the Seller’s accounting methods, policies, practices and procedures used in the preparation of the Balance Sheet.

  • The Pre-Closing Working Capital Statement shall be prepared in accordance with GAAP and on a basis consistent with the accounting policies, practices, procedures and principles used in preparing the Detailed Balance Sheet.

  • Seller and Buyer each shall bear its own expenses in the preparation and review of the Pre-Closing Balance Sheet and Pre-Closing Working Capital Statement.

  • Any Notice of Objection shall specify those items or amounts with which Parent disagrees, together with a detailed written explanation of the reasons for disagreement with each such item or amount, and shall set forth Parent’s calculation of the Pre-Closing Working Capital based on such objections.

  • FICCI's Pioneering Work in STC Outreach Across IndiaFICCI, as the oldest and largest industry association, has been providing yeoman's service to its member companies by helping them understand and comply with GOI's SCOMET regulations for export/trade of hi-tech, dual-use as well as defense, items.

  • In the event that the Estimated Net Working Capital set forth on the Pre-Closing Working Capital Schedule is less than the Net Working Capital Target, then, in accordance with Section 2.2, the Seller Cash Purchase Price shall be reduced by the amount by which the Estimated Net Working Capital reflected on the Pre-Closing Working Capital Schedule is less than the Net Working Capital Target (the “Estimated Net Working Capital Refund”).


More Definitions of Pre-Closing Working Capital

Pre-Closing Working Capital shall have the meaning assigned thereto in Section 4.3(a) hereof.
Pre-Closing Working Capital has the meaning set forth in Section 1.08(d)(ii).

Related to Pre-Closing Working Capital