Examples of Preliminary Net Working Capital in a sentence
The Preliminary Net Working Capital shall be calculated on a basis consistent with GAAP applied consistently with the Companies’ historical accounting practices and the principles set forth on Schedule 1.2(c)(i), and Net Working Capital shall include only the components of current assets and current liabilities of each of the respective Companies as have been agreed to by the parties hereto reflected on Schedule 1.2(c)(i).
Identification: The Contractor shall require its employees, subcontractors and agents to clearly identify themselves as contractor personnel by such means as displaying distinguishing badges or other visible identification on base and when in meetings with Government personnel and by appropriately identifying themselves as contractor employees or agents in telephone conversations and written correspondence.
To the extent that any foreign currency conversions are necessary in connection with the preparation of Preliminary Net Working Capital, suchconversions shall be consistent with the method for conversion of foreign currency as used by the Seller in preparation of its audited financial statements using the applicable exchange rate as of the date immediately prior to the date of the Estimated Purchase Price Statement.
Within five (5) business days after determination of the Final Working Capital Adjustment hereunder, Purchaser or Seller, as the case may be, shall pay to the other the amount by which the Purchase Price, as adjusted by the Final Working Capital Adjustment, is greater or less than the Purchase Price as adjusted by the Preliminary Net Working Capital Adjustment (such difference being the "Closing Purchase Price Reconciliation").
For the avoidance of doubt, any Current Liabilities for which the Seller becomes obligated as a result of the consummation of the transactions contemplated hereby, if any, shall be included in the calculation of the Preliminary Net Working Capital.