Working Capital Upper Target definition

Working Capital Upper Target means $127,665,000.

Working Capital Upper Target means One Hundred Twelve Million Five Hundred Thousand Dollars ($112,500,000).

Working Capital Upper Target has the meaning given to such term in Section 2.06(a)(ii) of this Agreement.

Examples of Working Capital Upper Target in a sentence

• There shall be no adjustment to the Cash Consideration if the Estimated Closing Working Capital is an amount which falls on or between the Working Capital Upper Target and the Working Capital Lower Target.

• If the Estimated Closing Working Capital is greater than One Million Five Hundred Thousand Canadian Dollars (CDN $1,500,000) (the “ Working Capital Upper Target”), then Buyer shall increase the Cash Consideration, as converted to United States Dollars at the then current Exchange Rate, by the amount the Estimated Closing Working Capital exceeds the Working Capital Upper Target (the amount of such excess, the “Excess Amount”).

• The Cash Purchase Price shall be adjusted as follows: (i) the Cash Purchase Price shall be decreased by the Preliminary Assumed Indebtedness and (ii) if the amount of Preliminary Working Capital exceeds the Working Capital Upper Target, then the Cash Purchase Price shall be increased by the excess, or if the amount of Preliminary Working Capital is less than the Working Capital Lower Target, then the Cash Purchase Price shall be decreased by the shortfall.

More Definitions of Working Capital Upper Target

Working Capital Upper Target means Seven Hundred Forty-Five Thousand Dollars ($745,000).

Working Capital Upper Target means an amount equal to (i) the Target Working Capital plus (ii) $2,000,000.

Working Capital Upper Target means $3,600,000.

Working Capital Upper Target means $8,015,000.

Working Capital Upper Target means $(2,700,000).

Working Capital Upper Target means $85,000,000.

Working Capital Upper Target means negative $4,234,403.