Certified Working Capital definition

Certified Working Capital means the Working Capital as shown on the Post-Closing Working Capital Statement or, if recalculated by the Accountants in accordance with Section 2.6 and/or by arbitration in accordance with Section 2.10, the final and binding determination of Working Capital pursuant to those Sections.
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Certified Working Capital has the meaning set forth in Section 2.9(d).
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Certified Working Capital means the Working Capital as shown on the Post-Closing Working Capital Statement or, if recalculated by the Accountants in accordance with Section 2.7, the final and binding determination of Working Capital pursuant to that Section.
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Examples of Certified Working Capital in a sentence

  • Any payment pursuant to this Section 3.2(d) shall be made within ten (10) Business Days following the date on which the Final Working Capital Statement (including the Certified Working Capital calculation) becomes final pursuant to Section 3.2(f).

  • For the purposes of the calculation of Certified Working Capital, Inventory will be valued based on an inventory count by representatives of the Vendor conducted in the presence of representatives of the Purchaser as of the close of business on the Business Day immediately preceding the Closing Date.

  • Alternatively, if the Reviewed Working Capital or Certified Working Capital, as the case may be, is negative $1,000,000 and the payment owing to Seller pursuant to Section 2.4 is $50,000, then the Working Capital Adjustment would be negative $350,000 resulting in the release from escrow to Buyer of the $250,000 escrowed funds and an offset of $50,000 against the $50,000 owing to Seller pursuant to Section 2.4.

  • The Working Capital Adjustment shall be equal to (i) the Reviewed Working Capital or Certified Working Capital, as the case may be, plus (ii) $650,000.

  • Upon completion of their determination of any Disputed Matters and, if necessary, the recalculation of the Certified Working Capital, the Accountants shall advise the Purchaser and the Vendor in writing of their determination and recalculation (the "Accountants' Determination").

  • Any payment pursuant to this Section 3.2(e) shall be made within ten (10) Business Days following the date on which the Final Working Capital Statement (including the Certified Working Capital calculation) becomes final pursuant to Section 3.2(f).

  • Upon completion of their determination of any Disputed Matters and, if necessary, the recalculation of the Certified Working Capital, the Accountants shall advise the Purchaser and Domtar in writing of their determination and recalculation (the “Accountants’ Determination”) which shall be final and binding.

  • Upon the conclusive determination of the Certified Working Capital, pursuant to the Escrow Agreement, Buyer and Seller shall promptly (but in no event later than five (5) Business Days) following the date of such determination instruct the Escrow Agent to release the Working Capital Escrow Amount that was subject to the Working Capital Escrow Account (after giving effect to any deductions and/or payments to Buyer pursuant to the Escrow Agreement and Section 2.9(d)) pursuant to the Escrow Agreement.

  • For example, if the Reviewed Working Capital or Certified Working Capital, as the case may be, is negative $500,000, then the Working Capital Adjustment would be positive $150,000 resulting in a payment by Buyer to Seller of $150,000 and the release of the $250,000 of escrowed funds pursuant to the Escrow Agreement to Seller.

  • If Buyer and Seller cannot agree on the Working Capital within such 15 day period, the working capital shall be determined by a nationally recognized independent accounting firm acceptable to both Buyer and Seller (the "Certified Working Capital"), the costs of such accounting firm to be borne equally by Buyer and Seller.


More Definitions of Certified Working Capital

Certified Working Capital shall have the meaning ascribed to it in Section 3.3(b)(iii).
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Related to Certified Working Capital

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Base Working Capital means $199,000,000.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.