Examples of Target Closing Date Working Capital in a sentence
If the Estimated Closing Date Working Capital exceeds the Target Closing Date Working Capital, then the Cash Consideration payable to Intcomex at the Closing pursuant to Section 2.1(b)(iv) shall be decreased, on a dollar-for-dollar basis, by an amount equal to the amount by which the Estimated Closing Date Working Capital exceeds the Target Closing Date Working Capital (the “Preliminary Working Capital Excess”).
The Statement of Closing Date Working Capital shall be based upon the books and records of the Seller and shall be prepared in a manner consistent with the calculation of the Target Closing Date Working Capital (as shown on Schedule 3.1.1.1) and with the past practices of the Seller in the preparation of the Financial Statements (including, without limitation, as to valuation methodology).
In the event the Estimated Closing Date Working Capital is less than the Target Closing Date Working Capital, the Closing Payment shall be reduced by an amount equal to the amount by which (i) the Target Closing Date Working Capital exceeds (ii) the Estimated Closing Date Working Capital (the “Negative Working Capital Adjustment”).