Net Working Capital Contribution Sample Clauses

Net Working Capital Contribution. Pursuant to Section 2.6.5 of the Stock Purchase Agreement dated as of November 28, 2006 (as in effect on the date hereof, the “Purchase Agreement;” terms used but not defined herein shall have the meaning set forth in the Purchase Agreement) by and between Polar Air Cargo Worldwide, Inc. (f/k/a/ Airline Acquisition Corp I), a Delaware corporation (the “Company”) and DHL Network Operations (USA), Inc., an Ohio corporation (the “Investor”), the Company may be required to make a payment to the Investor in the amount equal to the negative Net Working Capital amount (the “Net Working Capital Payment Obligation”). Atlas Air Worldwide Holdings, Inc., a Delaware corporation (“AAWW”), hereby agrees that, in the event that the Net Working Capital as of and at the Closing Date and as reflected in the Financial Statement of Net Working Capital is determined to be less than zero ($0), AAWW will make a capital contribution to the Company in the amount of the Net Working Capital Payment Obligation so as to cause the Company to have available sufficient liquid assets to meet punctually its payment obligations to the Investor in full when the Net Working Capital Payment Obligation becomes due pursuant to the Purchase Agreement.