Examples of Total Net Working Capital in a sentence
Not later than five (5) Business Days before the Closing Date, and after consultation with MLP, HOLDINGS shall deliver to MLP a written statement (the “Preliminary Settlement Statement”) setting forth the Total Net Working Capital and each component therein, as determined in good faith by HOLDINGS that are described in the definition thereof, with HOLDINGS’ calculation of such items in reasonable detail, based on information then available to HOLDINGS.
Payment of the Total Net Working Capital at the Closing shall be based on the Preliminary Settlement Statement.
No later than one hundred and eighty (180) days after the Closing Date and after consultation with MLP, HOLDINGS shall deliver to MLP a revised settlement statement showing in reasonable detail its calculation of the items described in the definition of Total Net Working Capital along with other adjustments or payments contemplated in this Agreement (said revised statement and the calculation thereof shall be referred to as the “Final Settlement Statement”).
Payment of the Total Net Working Capital at the Effective Time shall be based on the Preliminary Settlement Statement.
Not later than five (5) business days before the Closing Date, and after consultation with MLP, HOLDINGS shall deliver to MLP a written statement (the “Preliminary Settlement Statement”) setting forth the Total Net Working Capital and each component therein, as determined in good faith by HOLDINGS that are described in the definition thereof, with HOLDINGS’ calculation of such items in reasonable detail, based on information then available to HOLDINGS.
Payment of the HOLDINGS Total Net Working Capital and the MIDSTREAM Total Net Working Capital, respectively, at the Effective Time shall be based on such Preliminary Settlement Statements.
No later than ninety (90) days after the Closing Date and after consultation with MLP, HOLDINGS shall deliver to MLP a revised settlement statement showing in reasonable detail its calculation of the items described in the definition of Total Net Working Capital along with other adjustments or payments contemplated in this Agreement (said revised statement and the calculation thereof shall be referred to as the “Final Settlement Statement”).
The value of the Total Net Working Capital shall be subject to cash adjustments pursuant to this ARTICLE III.
Total Net Working Capital November 30, 2015 February 28, 2015 Total Current Assets $ 2,309,286 $ 3,612,263 Less: Total Current Liabilities (1,284,597 ) (1,561,289 ) Total Net Working Capital $ 1,024,689 $ 2,050,974 Considering the positive net working capital position, including the cash on hand at November 30, 2015, and available debt, the Company believes that it has sufficient working capital.
Total Net Working Capital November 30, 2014 February 28, 2014 Total Current Assets $ 3,921,377 $ 3,653,475 Less: Total Current Liabilities (1,539,841 ) (2,036,446 ) Total Net Working Capital $ 2,381,536 $ 1,617,029 Considering the positive net working capital position, including the cash on hand at November 30, 2014, and available debt, the Company believes that it has sufficient working capital.