Completion Working Capital means the Net Working Capital at Completion, as derived from the Completion Accounts and set out in the Working Capital Statement;
Completion Working Capital has the meaning given to it in paragraph 1.1 of SCHEDULE 5.
Completion Working Capital means the Working Capital as at immediately prior to Completion, calculated in accordance with the policies and procedures set out in Schedule 3 and comprising each of the line items identified in the net column headed “Working Capital” in Part C of Part 2 of Schedule 3;
Examples of Completion Working Capital in a sentence
Adjustment Amount the amount (if any) equal to the Completion Working Capital Balance minus the Target Working Capital Balance, plus Completion Net Debt.
Completion Accounts the accounts setting out Completion Working Capital Balance and Completion Net Debt, prepared as at the Effective Time in accordance with Schedule 7 and in the format set out in Schedule 8, together with such information required by Schedule 7 and Schedule 8.
For greater certainty, the difference between the Completion Working Capital and Target Working Capital originally denominated in Australian dollars shall be converted to US dollars in accordance with clause 5.1(d) of this Schedule 6.
The parties agree that the Target Working Capital and the Completion Working Capital shall be determined using a consistent methodology (unless otherwise specified in Annexure A) and, based solely on the same line items/GL Code Combination items in the Special Purpose Management Accounts referenced in the applicable Exhibits to the target Working Capital Statement attached as Annexure A.
Completion Working Capital shall be expressed in US dollars and amounts in other currencies shall be translated into US dollars at the Spot Rate.
More Definitions of Completion Working Capital
Completion Working Capital means the amount of consolidated net working capital of the Target Business in US Dollars as at the Effective Time as set out in the Completion Working Capital Statement;
Completion Working Capital means the Working Capital calculated in accordance with the provisions of Clause 2.4 below;
Completion Working Capital means the Working Capital of the Group as of 12:01 a.m. London time on the Completion Date
Completion Working Capital means Current Assets less Current Liabilities and shown in the Net Working Capital Statement, calculated in accordance with Schedule 9; Confidential Information: all information not in the public domain, which a Seller shall have received or obtained at any time by reason of or in connection with his relationship with the Company or any of the Subsidiaries including: trade secrets; customer/client lists, contact details of clients, customers and suppliers and individuals within those organisations; technical information, know-how, research and development; financial projections, target details and accounts; fee levels, pricing policies, commissions and commission charges; budgets, forecasts, reports, interpretations, records and corporate and business plans; planned products and services; marketing and advertising plans, requirements and materials, marketing surveys and research reports and market share and pricing statistics; and computer software and passwords; Consideration: has the meaning given to it in Clause 3.1; CRO: the Companies Registration Office (Ireland); Current Assets: the aggregate of accounts receivable and other current assets which will include un-deposited funds, credit card holdbacks, deposits, inventory, VAT and prepayments but excluding Actual Cash and Cash Equivalents;
Completion Working Capital means the actual aggregate Working Capital of the Target Group at Completion as determined in accordance with Clause 4 and Schedule 6 and as stated in the Completion Statement;
Completion Working Capital means Current Assets less Current Liabilities and shown in the Net Working Capital Statement, calculated in accordance with Schedule 9; Confidential Information: all information not in the public domain, which a Seller shall have received or obtained at any time by reason of or in connection with his relationship with the Company or any of the Subsidiaries including: trade secrets; customer/client lists, contact details of clients, customers and suppliers and individuals within those organisations; technical information, know-how, research and development; financial projections, target details and accounts; fee levels, pricing policies, commissions and commission charges; budgets, forecasts, reports, interpretations, records and corporate and business plans; planned products and services; marketing and advertising plans, requirements and materials, marketing surveys and research reports and market share and pricing statistics; and computer software and passwords; Consideration: has the meaning given to it in Clause 3.1; CRO: the Companies Registration Office (Ireland); Current Assets: the aggregate of accounts receivable and other current assets which will include un-deposited funds, credit card holdbacks, deposits, inventory, VAT and prepayments but excluding Actual Cash and Cash Equivalents; Current Liabilities: shall mean the sum of accounts payable, obligations to employees, corporation tax, PAYE and social insurance, VAT, accruals, sundry creditors and other creditors but excluding shareholders loans or any debt related current liability; Data Room: the contents of the data room operated by Sterling and called ‘Project Xxxx’, the index to which is attached to the Disclosure Letter; Deed of Amendment: the deed between the Company and Return Fax 2000 Limited amending the terms of the cost-plus development and operations agreement dated 1 January 2013 in the agreed form marked “F”; Directors: those persons who are directors or shadow directors of the Company or of any Subsidiary and who are identified as such in Schedules 2 and 3; Disclosure Letter: the letter dated the date of this Agreement from the Sellers to the Buyer making certain disclosures against the Warranties; Disclosed: fairly disclosed to the Buyer with sufficient detail to allow the Buyer to identify the nature and scope of the matters, facts and circumstances disclosed and the extent of their consequences; Employee: any person employed by the Company or any of the Subsidiaries; Employee B...
Completion Working Capital means the aggregate of the following amounts (to be shown in the Completion Statement) in US dollars at close of business on the Completion Date, excluding (for the avoidance of doubt) any amount represented in the Final Cash Amount, the Final Intra-Group Debt Amount, the Intra-Group Balances and the Final Third Party Debt Amount: