Common use of Closing Working Capital Clause in Contracts

Closing Working Capital. (a) If the Closing Working Capital is less than the Benchmark Working Capital, Sellers shall pay to Purchaser, in NOK and subject to Section 3.4.2 hereof, by electronic transfer in immediately available funds, and to the account designated by the Purchaser in writing no later than three (3) Business Days prior to the date such payment is due, an amount equal to the difference between the Benchmark Working Capital and the Closing Working Capital.

Appears in 4 contracts

Samples: Share Sale and Purchase Agreement, Share Sale and Purchase Agreement (Invitrogen Corp), Share Sale and Purchase Agreement (Invitrogen Corp)

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