Examples of Working Capital Target Amount in a sentence
Exhibit B sets forth a sample calculation of Working Capital, which is illustrative of the calculations used to arrive at the Working Capital Target Amount.
Working Capital minus (ii) the Working Capital Target Amount; (b) if Working Capital is less than the Working Capital Target Amount, an amount (expressed as a negative number) equal to (i) Working Capital minus (ii) the Working Capital Target Amount; and (c) in any other case, zero $(0).
Section 2.4 of the Seller Disclosure Letter sets forth a sample calculation of Working Capital, which is illustrative of the calculations used to arrive at the Working Capital Target Amount.
The Consideration Shares to be issued pursuant to the Merger Agreement to the holders of the Company Units was calculated to be 7,007,938 as of September 30, 2018, based upon an amount equal to: (i) $70,000,000, plus (ii) $1,200,647 as of September 30, 2018 (the Net Working Capital of MJF less the Net Working Capital Target Amount) (iii) divided by $10.16.
Buyer and Visant agree that the statements contemplated by this Section 2.6 are solely intended to show the Closing Date Working Capital and thereby determine the difference between the Working Capital Target Amount and Closing Date Working Capital, if any.