Examples of Working Capital of the Business in a sentence
Any charges for utilities, telephone, rents or similar costs (unless, in each case, included in the calculation of Net Working Capital) of the Business and prepaid amounts or reserves including security deposits and rent shall be prorated through the Closing Date.
Within 120 days after the Closing Date, Buyer shall prepare and deliver to Seller a statement of the current assets and current Liabilities of Seller as of the Closing Date (the “Closing Date Net Working Capital Statement”) for purposes of specifically determining the Adjusted Net Working Capital of the Business as of the Closing Date.
In the event the actual Net Working Capital of the Business as of the Closing Date ("Closing Net Working Capital") is determined to be less than or greater than Projected Net Working Capital, the Purchase Price shall be adjusted in the following manner: Within thirty (30) days following the Closing Date, the actual Net Working Capital as the Closing Date shall be determined by Seller and such determination shall be subject to reasonable review and confirmation by Purchaser.
The Closing Date Operating Working Capital Calculation shall be prepared in the same manner, consistent with past practice, and based on the same items, as the Operating Working Capital of the Business Entities has historically been prepared.
One (1) day prior to the Closing, the Sellers’ Representative shall deliver to Purchaser a financial statement setting forth the Working Capital of the Business on the Closing Date.