Target Net Working Capital Amount definition

Target Net Working Capital Amount means an amount equal to the four (4) quarter average “NWC” (as defined in this paragraph) for 2015 for the Business. As used herein, “NWC” means (a) the Net Book Value of the current assets of the Business listed on Section B-2 of the Disclosure Schedule, less (b) the Net Book Value of the current liabilities of the Business listed on Section B-2 of the Disclosure Schedule, in each case, as of the Sellers’ last accounting day of each fiscal quarter in 2015 and determined in accordance with the guidelines set forth on Section B-1 of the Disclosure Schedule and in accordance with the Agreed Financial Methodology and the Closing Financial Information.

Target Net Working Capital Amount means $444,497.

Target Net Working Capital Amount means $0.

Examples of Target Net Working Capital Amount in a sentence

• The Aggregate Target Net Working Capital Amount is reasonable for the operation of the Facility and is consistent in all material respects with Seller’s budget for the Facility.

• The calculation of the Target Net Working Capital Amount will be (I) determined in accordance with the guidelines set forth on Section B-1 of the Disclosure Schedule and in accordance with the Agreed Financial Methodology and (II) subject to reasonable verification by the Buyer within thirty (30) days of delivery of such calculation.

• The Purchase Agreement defined the Target Net Working Capital Amount as $1.174 billion.

• The “ Actual Purchase Price” means an amount equal to (i) Two Hundred Five Million Dollars ($205,000,000), (ii) plus the Cash Amount,(iii) minus the Indebtedness Payoff Amount, (iv) plus the excess of the Net Working Capital Amount over the Target Net Working Capital Amount, if any,(v) minus the excess of the Target Net Working Capital Amount over the Net Working Capital Amount, if any, and (vi) minus the Unpaid Selling Expenses, in each case as finally determined pursuant to Section 1.7(b).

• This figure was dramatically less than the Target Net Working Capital Amount and suggested a payment from the Seller to the Buyer of approximately $2.15 billion.The wide gap stemmed from four changes that the Buyer made to the Seller’s Closing Payment Statement.

More Definitions of Target Net Working Capital Amount

Target Net Working Capital Amount means $51,000,000.

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

Target Net Working Capital Amount means $[***].

Target Net Working Capital Amount has the meaning set forth in Section 2.3(f).

Target Net Working Capital Amount means an amount equal to $3,000,000.

Target Net Working Capital Amount means an amount equal to $14,700,000.

Target Net Working Capital Amount means an amount equal to Ten Million U.S. Dollars ($10,000,000).