Final Statement of Working Capital definition

Final Statement of Working Capital means a statement of estimated working capital prepared by the Parent based on the Estimated Statement of Working Capital and relating to March 31, 2001 and the day before the Closing, which statement of Parent is delivered to the Company pursuant to Schedule 7.2(g).'

Final Statement of Working Capital shall have the meaning set forth in Section 2.2.3.

Final Statement of Working Capital means the unaudited special purpose statement of combined working capital of the Companies as of the Effective Time of Closing, to be prepared and delivered in accordance with Section 2.3 hereof.

Examples of Final Statement of Working Capital in a sentence

• If funds for any such Taxes have not been paid by the Companies to Seller before Closing, such funds shall be payable (and Buyer shall cause such funds to be paid) upon Seller’s demand to the extent such Taxes are reflected as a liability on the Final Statement of Working Capital.

• Except as required under COBRA or the terms of any Pension Plan or as accrued on the Final Statement of Working Capital, the Companies are not obligated to provide or to pay any material benefits to former employees, or to their dependents or beneficiaries.

• Promptly, but no later than ninety (90) days after its acceptance of its appointment as Arbiter, such Arbiter shall determine, based on presentations by the Buyer and the Seller, and, to the extent the Arbiter deems necessary, by independent review, those items in dispute on the Preliminary Statement of Working Capital and shall render a written report as to the resolution of each dispute and the resulting calculation of the Final Statement of Working Capital.

• If Buyer has any objections to the draft Final Statement of Working Capital, it will deliver a detailed statement describing its objections to Seller within twenty (20) days after receiving the draft Final Statement of Working Capital.

• As of the Effective Time of Closing, full payment of all contributions will be made or accrued on the Final Statement of Working Capital with respect to each Employee Benefit Plan (including all employer contributions and employee salary reduction contributions) that are either required under the terms thereof or under ERISA or the Code.

• Such revised statement shall constitute the Final Statement of Working Capital.

• If Buyer has no objections to the draft Final Statement of Working Capital, such draft shall constitute the Final Statement of Working Capital.

• However, Seller shall pay to Buyer, as an adjustment to the Final Purchase Price, the amount by which the Tax attributable to the period through the Closing Date exceeds the sum of the amount of such Tax paid (including payments of estimated Tax) on or before the Closing Date plus the amount of such Tax reflected on the Final Statement of Working Capital.

• Within thirty (30) days after the Closing Date, Seller shall prepare and deliver to Buyer a draft Final Statement of Working Capital, which shall be prepared (i) except as required by the Special Accounting Principles, in accordance with GAAP applied on a basis consistent with the past practice of the Companies, and (ii) in a manner consistent with the Initial Statement of Working Capital.

• To the extent that the Final Statement of Working Capital shows that Final Working Capital is less than Initial Working Capital, Seller shall pay such difference to Buyer in immediately available funds within two (2) Business Days of Seller’s delivery of such Final Statement of Working Capital.

More Definitions of Final Statement of Working Capital

Final Statement of Working Capital means a statement of the Final Working Capital as derived from the Final Balance Sheet.

Final Statement of Working Capital means the unaudited special purpose statement of Final Working Capital of TXU Gas as of the Closing Date, to be prepared in accordance with Section 4.06(b).

Final Statement of Working Capital. The Preliminary Cash Balance Statement, when final and binding, is referred to herein as the “Final Cash Balance Statement.”