Examples of Net Working Capital Target in a sentence
If the Estimated Net Working Capital Amount is less than the Net Working Capital Target, then the Purchase Price paid pursuant to Section 2.04(e) shall be decreased by an amount equal to the amount by which the Net Working Capital Target exceeds the Estimated Net Working Capital Amount.
If the Estimated Net Working Capital Amount is equal to the Net Working Capital Target, then the Purchase Price paid pursuant to Section 2.04(e) shall not be adjusted pursuant to this Section 2.06(a).
If the Estimated Net Working Capital Amount is greater than the Net Working Capital Target, then the Purchase Price paid pursuant to Section 2.04(e) shall be increased by an amount equal to the amount by which the Estimated Net Working Capital Amount exceeds the Net Working Capital Target.
If the Estimated Closing Net Working Capital is greater than the Net Working Capital Target, then such excess shall be paid to Sellers at Closing (such increase is referred to as the "Estimated Positive Net Working Capital Adjustment Amount").
If the sum of (i) the Net Working Capital Target minus (ii) $250,000 exceeds the Closing Net Working Capital, then the Company will promptly (but in no event more than five Business Days) pay to Purchaser (by wire transfer of immediately available funds) an amount equal to such excess (but only, for the avoidance of doubt, if a positive number) (the “Net Working Capital Shortfall”).