Works Cap definition
Works Cap means the maximum amount the Company is expected to spend for the Works which equals EUR 250.000,00 (two hundred and fifty thousand/00). Such an amount is indicated in the technical project dated 7 May 2019 prepared for the Company;
Examples of Works Cap in a sentence
It remains agreed that (i) any potential extra cost or expense beyond the Works Cap that is not attributable to an action or omission by either the Buyer and/or the Company after the Closing will be entirely borne by the Seller, and (ii) the Works Expense will not be included in the calculation of the Closing Adjustment.