SMS Closing Net Working Capital definition

SMS Closing Net Working Capital means SMS Business Specified Current Assets minus SMS Business Specified Current Liabilities, in each case, as of the close of business on the Business Day immediately prior to the Asset Closing Date and as determined in accordance with Exhibit A. For the avoidance of doubt, SMS Closing Net Working Capital shall not include Taxes.

Examples of SMS Closing Net Working Capital in a sentence

  • The Datatel Indemnified Parties, whether under this Agreement or pursuant to Article X of the Merger Agreement, shall not be entitled to recover more than once for the same Datatel Loss and shall not be entitled to recover any Loss if and to the extent such Loss is reflected in the calculation of Company Transaction Fees and Expenses (as defined in the Merger Agreement) or SMS Closing Net Working Capital.

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