Working Capital Overage definition
Working Capital Overage shall exist when (and shall be equal to the amount by which) the Estimated Net Working Capital exceeds the Target Net Working Capital.
Working Capital Overage has the meaning set forth in Section 2.3(a).
Working Capital Overage means the amount (expressed as a positive number), if any, by which the Closing Working Capital exceeds the Working Capital Target Amount.
Examples of Working Capital Overage in a sentence
As promptly as practicable, but not later than ninety (90) days after the Closing, Buyer shall deliver to the Shareholders a statement (the “Proposed Closing Statement”) setting forth Buyer’s good faith determination (each, without duplication) of (based on the Accounting Methodology): (i) the Working Capital Amount; (ii) the Working Capital Overage (if any) or the Working Capital Underage (if any), and based on such estimates, and (iii) the determination of the Total Consideration.
More Definitions of Working Capital Overage
Working Capital Overage shall exist when (and shall be equal to the amount by which) the Working Capital Estimate exceeds $30,000,000 (the “Base Amount”).
Working Capital Overage has the meaning set forth in Section 1.5.
Working Capital Overage means the amount by which the Working Capital exceeds the WC Target.
Working Capital Overage shall exist when (and shall be equal to the amount by which) the Working Capital Estimate exceeds the Target Working Capital, which amount shall be added to the Base Price as contemplated in the definition of Closing Payment contained in Article X. A “Working Capital Deficiency” shall exist when (and shall be equal to the amount by which) the Target Working Capital exceeds the Working Capital Estimate, which amount shall be subtracted from the Base Price as contemplated in the definition of Closing Payment contained in Article X.
Working Capital Overage means, if the Working Capital Estimate exceeds $0, the amount of such excess.
Working Capital Overage means the amount, if any, by which the Estimated Net Working Capital is greater than the highest value in the Target Net Working Capital Range. If the Estimated Net Working Capital is equal to or is lower than the highest value in the Target Net Working Capital Range, then Working Capital Overage shall mean zero.
Working Capital Overage means the amount by which Effective Time Working Capital (as finally determined pursuant to Section 2.3(b)) exceeds Target Working Capital, if any. For the avoidance of doubt and for purposes of illustration, negative $2,000,000 exceeds negative $3,000,000 by $1,000,000.