Examples of Pre-Closing Working Capital Schedule in a sentence
In the event the Estimated Net Working Capital exceeds five million dollars ($5,000,000) (the “Net Working Capital Target”), then, in accordance with Section 2.2, the Seller Cash Purchase Price shall be increased by the amount by which the Estimated Net Working Capital reflected on the Pre-Closing Working Capital Schedule exceeds the Net Working Capital Target (the “Estimated Additional Net Working Capital Consideration”).
Of these carryfor- wards, $4.8 million expire through 2011, $3.0 million through 2021 and $3.4 million may be carried forward indefinitely.
Two Business Days prior to the Closing Date, Seller shall deliver to Madden the Pre-Closing Working Capital Schedule, which shall include an estimate of Net Working Capital as of the close of business on the Closing Date (the “Estimated Net Working Capital”).
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”).
If the Preliminary Pre-Closing Working Capital reflected on the Preliminary Pre-Closing Working Capital Schedule is less than negative $102,949,000 (i.e., total current liabilities are more than $102,949,000 greater than total current assets), then the Purchase Price paid at Closing shall be reduced by the amount of such shortfall.
If the Preliminary Pre-Closing Working Capital reflected on the Preliminary Pre-Closing Working Capital Schedule is greater than negative $102,949,000 (i.e., total current liabilities are less than $102,949,000 greater than total current assets), then the Purchase Price to be paid at Closing shall be increased by the amount of such excess.