Working Capital Adjustment Finalization Date definition

Working Capital Adjustment Finalization Date means the date which is 60 days after the date on which the Global Adjustment Report is delivered by the Buyers to the Selling Stockholders; provided, however, that if the Selling Stockholders or the Sellers’ Accountant delivers a notice of exception within such 60-day period, and if any change to the Global Adjustment Report with respect to the Working Capital Adjustment Amount is agreed to by the Buyers and the Selling Stockholders in accordance with Section 4.8, then the date on which the Buyers and the Selling Stockholders agree in writing to such change shall be the Working Capital Adjustment Finalization Date; and, provided, further, that if any dispute with respect to the Working Capital Adjustment Amount is resolved by the Accounting Firm in accordance with Section 4.8, then the date on which the Accounting Firm delivers its decision with respect to such dispute shall be the Working Capital Adjustment Finalization Date.
Sample 1

Related to Working Capital Adjustment Finalization Date

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Working Capital Target means $0.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

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

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.