Examples of Working Capital Adjustment in a sentence
Promptly after the end of each month, Aron shall determine the Monthly Working Capital Adjustment.
Subject to the Company Reserves and any write-down of any Accounts Receivable in connection with the Working Capital Adjustment in Section 3.4, there is no contest, claim, counterclaim, defense or right of set-off under any Contract or otherwise with any obligor of any Account Receivable relating to the amount or validity of such Account Receivable.
To the extent that Buyer pays such unpaid amounts, Sellers shall promptly reimburse Buyer for the cost of such payments; provided, however, Sellers shall not be obligated to reimburse Buyer for any such amounts included in Accounts Payable for purposes of the Working Capital Adjustment.
All Inventory is in good and merchantable quality and is useable and saleable in the ordinary course of business, except for those items the value of which (i) has been reduced in accordance with GAAP and the Company's inventory policies, attached hereto as Schedule 1.1(a), consistently applied by Sellers or (ii) is or will be reduced in connection with the Working Capital Adjustment in Section 3.4.
Notwithstanding anything herein to the contrary, if a payment is due from Seller to Purchaser on account of the Working Capital Adjustment and the Net Book Value of Assets and Liabilities Adjustment, Seller shall only be obligated to pay the greater of the two adjustment amounts to Purchaser.