Working Capital Peg definition

Working Capital Peg means $14,075,000.

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Working Capital Peg means the average of the Net Working Capital (as that term is defined in the Purchase Agreement) as of the end of each of the 12 months preceding the date the Working Capital Peg is determined pursuant to this Agreement.

Working Capital Peg means $[ ], and the Company’s “Working Capital” means the working capital of the Company determined in accordance with GAAP applied on a basis consistent with prior periods and, to the extent that the same are consistent with GAAP, the Company’s current accounting principles and policies as reflected in the Company’s books and records prior to the Closing Date and otherwise in the manner specified on Schedule 1.03(d).

Examples of Working Capital Peg in a sentence

• If the amounts held in the Escrow Account at the time of such payment are insufficient to pay to Buyer the entire amount by which the Working Capital Peg exceeds the Working Capital Amount, then, on the same day as the Escrow Agent makes its payment to Buyer, Seller shall pay an amount equal to the shortfall to Buyer by bank wire transfer of immediately available funds to an account designated in writing by Buyer.

• The Base Purchase Price will be (i) increased dollar for dollar to the extent Seller's Working Capital as finally determined after the Closing pursuant to Section 1.3(e) is greater than the sum of the Working Capital Peg and Customer Deposits and (ii) decreased dollar for dollar to the extent Seller's Working Capital as finally determined after the Closing pursuant to Section 1.3(e) is less than the sum of the Working Capital Peg and Customer Deposits.

• Closing Net Working Capital and Applicable Net Cash shall be calculated in accordance with GAAP (and if they are not, the amounts of Closing Net Working Capital and Applicable Net Cash specified in the first sentence, and the amounts of Net Working Capital Peg Amount and Net Cash Peg Amount, respectively, specified below shall be adjusted accordingly).

• The Base Purchase Price will be increased or decreased dollar for dollar to the extent Seller's Working Capital is greater than or less than, respectively, the average working capital employed in the Businesses for the twelve (12) months ended July 31, 1998 of $7,090,000 (the "Working Capital Peg") based upon a Preliminary Closing Date Balance Sheet (the "Preliminary Closing Date Balance Sheet") and a Preliminary Working Capital Schedule (the "Preliminary Working Capital Schedule") provided for herein.

• Working Capital Peg exceeds the Estimated MCK Net Working Capital, which amount shall be expressed as a negative number, or (iii) if the Estimated MCK Net Working Capital is equal to the MCK Net Working Capital Peg, zero.

• It is hereby agreed and understood that the Purchase Price is based, in part, on the Companies having aggregate Working Capital equal to the Working Capital Peg at Closing.

• The parties hereto acknowledge and agree that in the event of a Modification Event, the Net Working Capital Peg shall be recalculated taking into account each Modified Methodology.

• When the Preliminary Working Capital Schedule is agreed upon, the Base Purchase Price shall be (i) increased dollar for dollar to the extent Working Capital shown on the Preliminary Working Capital Schedule is greater than the sum of Working Capital Peg and Customer Deposits and (ii) decreased dollar for dollar to the extent Working Capital shown on the Preliminary Working Capital Schedule is less than the sum of Working Capital Peg and Customer Deposits (the "Preclosing Price Adjustment").

More Definitions of Working Capital Peg

Working Capital Peg means (a) $(22,500,000) minus (b) the product of (i) $(235,000) multiplied by (ii) the number of Units related to Identified Capital Projects that initially commence operation during the period commencing at 12:00 a.m. Dallas, Texas time on March 1, 2022 and ending at 11:59 p.m. on the Closing Date.

Working Capital Peg has the meaning specified in Section 2.2(a)(iii).

Working Capital Peg means negative $6,300,000.

Working Capital Peg means Working Capital of $(200,000).