Retail Receipts definition
Retail Receipts which are expected to be received during the 20 days immediately following the Closing Date, based on the daily cash forecast prepared by the Seller’s treasury department in the ordinary course of business consistent with past practice on the date of such estimate (the “Estimated Day 20 Deficit”). Within 10 days following the Closing Date the Purchaser shall provide the Seller with a good faith estimate of the aggregate amount of the Designated Current Assets minus the aggregate amount of the Designated Current Liabilities of the Subject Companies as of the effective time of the Closing (the “Adjusted Closing Working Capital”) determined in accordance with the attached Exhibit N (the “NWC Estimate”) and the Settlement Procedures using information from the month-end accounting closing. For the avoidance of doubt, the Adjusted Closing Working Capital shall not include any cash paid to the Seller pursuant to Section 7.13(c)(i), and the Adjusted Closing Working Capital shall include any cash of the Subject Companies as of the effective time of the Closing, including any cash contributed by the Seller to the Subject Companies pursuant to Section 7.13(c)(ii) and including any Segregated Cash.