Deferred Minority Net Working Capital Clause Samples

Deferred Minority Net Working Capital. Within one hundred and twenty (120) days following the Closing Date, Buyer shall submit to the Sellers a written accounting and calculation of the Minority NWC Amount in such detail as shall be reasonably required by Sellers. On the Reconciliation Date Buyer shall pay the Minority Members in the proportions set forth in Schedule 2.3.2 an amount equal to the amount by which the Minority NWC Amount exceeds 75% of the Estimated Minority NWC Amount. If 75% of the Estimated Minority NWC Amount shall be greater than the Minority NWC Amount, then each Minority Member shall pay such excess to Buyer in their respective proportions set forth in Schedule 2.3.2 on the Reconciliation Date.