Examples of Adjusted Closing Working Capital in a sentence
The Adjusted Closing Working Capital Statement shall reflect the Closing Working Capital as adjusted in accordance with Section 3.2(b) (the “Adjusted Closing Working Capital”).
Following the Effective Time, Holdings will have no liability for Holdings Transaction Expenses in excess of the amounts to be recorded as current liabilities on the Closing Balance Sheet and taken into account in determining Adjusted Closing Working Capital.
If the Adjusted Closing Working Capital (as adjusted, if necessary, to reflect the resolution of any disputed items pursuant to Section 9.1(c) is greater than the Preliminary Adjusted Working Capital Amount, then the Surviving Corporation shall pay the amount of the excess (the "Working Capital Surplus") to or for the benefit of the Stockholders, in accordance with the instructions of the Stockholder Representative.
If no Notice of Objection is delivered, or upon final resolution of all objections, the amount due pursuant to this Section 9.1(d), net of any prior payments pursuant to the preceding sentence, shall be paid within three Business Days after final determination of the Adjusted Closing Working Capital.
If the parties resolve all or some of the matters in dispute within such fifteen (15) day period then the parties shall prepare and sign an Adjusted Closing Working Capital Statement reflecting such agreement which shall be deemed final and binding.