Examples of Working Capital Certificate in a sentence
The “Closing Net Working Capital Adjustment” shall mean the difference between the Preliminary Net Working Capital in the Preliminary Net Working Capital Certificate given pursuant to Section 1.2(c)(i) and the Target Net Working Capital (the “Adjustment Amount”).
Where the request is made after the 15th day of the month the Working Capital Certificate will be current as of the close of business on the last Business Day of the month immediately preceding the Certificate Date.
The Preliminary Working Capital Certificate shall be delivered together with such supporting data as may be reasonably necessary for Buyer to verify the information set forth in the Preliminary Working Capital Certificate (including, in the case of Primestar Inventory, a detailed listing by item and location).
The Closing Working Capital Certificate shall state that it has been prepared in accordance with this Section 2.3(c).
Purchaser may review such statement and certificate and make comments thereon; however, the Estimated Balance Sheet and the Estimated Working Capital Certificate as prepared by SCT shall be final and binding upon the Parties for the purpose of determining the Purchase Price to be paid on the Closing Date.
Where the request is made before the 15th day of the month, the Working Capital Certificate will be current as of the close of business on the last Business Day of the second month preceding the Certificate Date.
The Company shall prepare and deliver to Buyer a draft of each of the Company Closing Net Working Capital Certificate not later than five Business Days prior to the Closing Date and a final version of the Company Closing Net Working Capital Certificate to Buyer not later than three Business Days prior to the Closing Date.
Buyer will have the sole right to retain any proceeds received from transferring the Shares or exercising the Option after the time of delivery of the Final Working Capital Certificate.
The Estimated Working Capital Certificate shall state that it has been prepared in accordance with this Section 2.3(b).
Any unpaid Transaction Expenses of Company which are (i) reflected as a liability in the Net Working Capital Certificate and (ii) invoiced to Company at least two business days prior to the Closing Date (with a copy of such invoice(s) provided by Company to Acquirer at least two business days prior to the Closing Date), shall be paid by check or wire transfer by Acquirer to the third parties named on such invoice(s) on the Closing Date.