Benchmark Working Capital definition

Benchmark Working Capital means 113,351,000 NOK.

Benchmark Working Capital has the meaning set forth in §2(a)(ii).

Benchmark Working Capital means $83,400,000.

Examples of Benchmark Working Capital in a sentence

• As soon as reasonably practicable, but in no event later than sixty (60) days, after the Closing, the Parties shall jointly procure that the Company prepares, and delivers to Purchaser, in accordance with the Accounting Principles, a statement, in the form of the Benchmark Net Debt Statement and Benchmark Working Capital Statement, containing a calculation of the Net Debt and Working Capital as of the Closing Date (the “Closing Statement”).

• For example, if (A) the Closing Working Capital exceeds the Benchmark Working Capital by Three Thousand Dollars ($3,000) then the Purchase Price will increase by Three Thousand Dollars ($3,000); or (B) if the Closing Working Capital is less than the Benchmark Working Capital by Three Thousand Dollars ($3,000) then the Purchase Price decreases by Three Thousand Dollars ($3,000).

• The Buyer shall have 15 days to review the Benchmark Working Capital Statement and the Final Working Capital Statement and supporting documentation and shall have reasonable access to the books, records and personnel of the Seller for purposes of verifying the accuracy of the calculation of Benchmark Working Capital and Final Working Capital.

• Attached hereto as Schedule 1.7(a)-1 is the Net Working Capital Statement of the Company as of March 31, 2004 (the "Benchmark Working Capital Statement").

• The Seller's calculation of Benchmark Working Capital and Final Working Capital shall be deemed final and binding unless the Buyer raises an objection in writing within 15 days of its receipt thereof, specifying in reasonable detail the nature and extent of such objection.

More Definitions of Benchmark Working Capital

Benchmark Working Capital means Five Hundred Thousand Dollars ($500,000).

Benchmark Working Capital means U.S.$39,010,335.

Benchmark Working Capital means the Working Capital on the close of business on June 30, 2002 as determined pursuant to this Section 1.6 and in accordance with the methodologies employed in the preparation of the balance sheet attached hereto

Benchmark Working Capital means the Working Capital on the close of business on June 30, 2002 as determined pursuant to this Section 1.6 and in accordance with the methodologies employed in the preparation of the balance sheet attached hereto as Schedule 1.6.

Benchmark Working Capital has the meaning set forth in Section 2.7(b).

Benchmark Working Capital means $10,000,000. As used herein, “Net Working Capital” means, as of the specified date, the cash and other assets of the Company subsumed under the categories reflected as line items under the heading “Current Assets” in the balance sheet as of December 31, 2004 contained in the Historical Financial Statements (as defined infra) (but specifically excluding therefrom any inventory and any current or other portion of any deferred tax asset), less the current liabilities of the Company (specifically including therein all transaction and Merger-related expenses (including, without limitation, all legal, accounting and similar expenses, and the cost of obtaining the Environmental Report (as defined infra)) of or payable by the Company, but, as to deferred revenue, including only the cost portion thereof), all as determined in accordance with GAAP as consistently applied by the Company.

Benchmark Working Capital means $15,000,000.