Target Closing Net Working Capital definition

Target Closing Net Working Capital means, as applicable, (a) the Target Net Working Capital Upper Threshold, if the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, is greater than the Target Net Working Capital Upper Threshold; (b) the Target Net Working Capital Lower Threshold, if the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, is less than the Target Net Working Capital Lower Threshold; or (c) the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, if the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, is no greater than the Target Net Working Capital Upper Threshold and no less than the Target Net Working Capital Lower Threshold.
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Target Closing Net Working Capital means $197,600,000.
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Target Closing Net Working Capital is defined in Section 2.2(a).
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Examples of Target Closing Net Working Capital in a sentence

  • If the Closing Net Working Capital exceeds the Target Closing Net Working Capital, then the Closing Net Working Capital Adjustment shall be positive; and if the Closing Net Working Capital is less than the Target Closing Net Working Capital, then the Closing Net Working Capital Adjustment shall be negative.

  • If the difference between such estimate and the Target Closing Net Working Capital is more than Twenty-Five Thousand Dollars ($25,000), then the full amount of such difference shall be added to or deducted from, as the case may be, the Closing Funds.

  • Notwithstanding Section 4.108(a) of the Los Angeles Administrative Code, whenever a full-time employee voluntarily reduces the number of his or her biweekly regular work hours from 80 to a number not less than 72 at the request and or with the permission of his or her department, office or bureau such employee shall be credited with the same rights and benefits as though he or she worked 80 hours in the payroll period.

  • No later than one (1) Business Days prior to the Closing, the Company will deliver to Buyer a written statement (the “ Calculation Statement”) setting forth the Company’s good faith estimate of the Closing Net Working Capital and the amount (if any) by which Closing Net Working Capital exceeds the Target Closing Net Working Capital or the amount (if any) by which Target Closing Net Working Capital exceeds Closing Net Working Capital as of Closing.

  • To the extent that the Estimated Closing Net Working Capital is less than the Target Closing Net Working Capital, the Merger Consideration shall be decreased by such amount.


More Definitions of Target Closing Net Working Capital

Target Closing Net Working Capital means Twenty-Five Million Dollars ($25,000,000) if the Closing Date is on or before September 30, 2011 and means Twenty-Four Million Dollars ($24,000,000) if the Closing Date is after September 30, 2011.
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Target Closing Net Working Capital means Two Million Five Hundred Thousand Dollars ($2,500,000).
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Target Closing Net Working Capital means $128,000.
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Target Closing Net Working Capital means $0.
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Target Closing Net Working Capital means Three Hundred Sixty Thousand Dollars ($360,000).
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Target Closing Net Working Capital means $48,527,000.
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Target Closing Net Working Capital means Thirty-Two Million Two Hundred Seventy-Six Thousand Dollars ($32,276,000).
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