Examples of Target NWC in a sentence
Plaintiff alleges the $40 million sale price included Target Net Working Capital (“NWC”) of $26 million, which is $10.8 million more than the Target NWC to which Blucora agreed when it acquired Monoprice in 2013.
Amount shall be included in the Target NWC calculation but shall not be included in the Final NWC.
If the Final NWC is less than the Target NWC, then the amount of such shortfall (together with interest thereof from and including the Closing Date to the date of payment at a rate equal to six percent (6%) per annum) will reduce the Deferred Consideration Payment for the First Deferred Consideration Period on a dollar-for-dollar basis.
The amount, if any, by which the Estimated NWC is less than the Target NWC is the “ Estimated NWC Deficiency,” and the amount, if any, by which the Estimated NWC is greater than the Target NWC is the “Estimated NWC Surplus.” Should there be an Estimated NWC Deficiency, the Staluppi shall, prior to the Closing Date make an additional capital contribution to the Company in the form of cash in amount equal to such deficiency.
To the extent that the final Net Working Capital (as finally determined in accordance with the provisions of Section 2.3(a) above) is less than the Target NWC (the amount of such deficiency, the “Negative NWC”), the Stockholder Agent shall, pursuant to wire instructions delivered by the Buyer, pay an amount in cash equal to the absolute value of the Negative NWC to the Buyer within five (5) Business Days of the Final NWC Determination.