Preliminary Working Capital Adjustment Amount definition

Preliminary Working Capital Adjustment Amount means an amount equal to the Estimated Transferred Working Capital less the Target Working Capital.
Sample 1

Examples of Preliminary Working Capital Adjustment Amount in a sentence

  • If the Preliminary Closing Statements do not reflect any Preliminary Working Capital Adjustment, within five Business Days after the Closing Balance Sheet Delivery Date, Buyer and Stockholders Representative shall cause the Escrow Agent to release and pay, or if there shall be a separate Paying Agent, deposit with such Paying Agent to be paid, to the Stockholders as the Per Share Preliminary Working Capital Adjustment Amount in accordance with this Agreement, all amounts in the Working Capital Escrow.

  • Purchaser shall hold back from the Preliminary Working Capital Adjustment Amount payable to the Sellers from collected Accounts Receivable $100,000 (the “TMI Holdback”) and shall retain the TMI Holdback until the TMI Cases have been finally settled or adjudicated and the period for appeal has passed.

  • The KCDA, as currently implemented, targets low- and middle-income households, and thus does not yet satisfy the core principle of inclusiveness with respect to providing universal access to the policy.

  • The debentures were secured by a floating charge, which provided that the company should not be at liberty to “create any mortgage or charge” in priority to the debentures.

Related to Preliminary Working Capital Adjustment Amount

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Target Net Working Capital Amount means $5,000,000.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.