Closing Adjusted Working Capital definition

Closing Adjusted Working Capital means an amount equal to (a) the Closing Accounts Receivable, minus (b) the Closing Accounts Payable, plus (c) the Closing Inventory.

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Closing Adjusted Working Capital has the meaning set out in Section 2.12;

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

Examples of Closing Adjusted Working Capital in a sentence

If the Seller does not object to the Accountants' CAWCA Report, or if the Purchaser agrees to accept the Seller's adjustments to the Accountants' CAWCA Report, then the adjustment based on the then final Closing Adjusted Working Capital Amount (the "Final Adjusted Working Capital Amount"), if any, shall be paid by Seller to the Purchaser in immediately available funds within five (5) business days of such acceptance.
The Accountants shall issue a report as to their determination of the Closing Adjusted Working Capital Amount (the "Accountants' CAWCA Report") promptly after their determination of such amount and the Purchaser shall deliver the Accountants' CAWCA Report to the Seller no later than sixty (60) days following the Closing Date.
The Seller's objection, if any, to the Accountants' CAWCA Report (the "Seller's CAWCA Objection") shall set forth in reasonable detail the Seller's objection(s) to the Accountants' CAWCA Report and the Seller's calculation of the Closing Adjusted Working Capital Amount.
The determination of the Closing Adjusted Working Capital Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Seller shall object to the Accountants' CAWCA Report within fifteen (15) days following their receipt of the Accountants' CAWCA Report.
Promptly following the Closing and in order to verify the accuracy of the adjustment made at the Closing, the Purchaser agrees to cause the Accountants to verify the amount of the Closing Adjusted Working Capital Amount.

More Definitions of Closing Adjusted Working Capital

Closing Adjusted Working Capital means an amount equal to (A) the current assets of the Company as of the Closing, minus (B) all liabilities and outstanding Preferred Stock, if any, of the Company as of the Closing, minus (C) $100,000, plus (D) the aggregate exercise price of all In the Money Options.

Closing Adjusted Working Capital means the difference between the following accounts of Terex's material handling business as of the Closing Date: (A) the sum of trade receivables (less allowances), net inventories and other current assets, minus (B) the sum of the current portion of each of capital lease obligations, trade accounts payable, accrued compensation and benefits, accrued warranty and product liability, customer deposits (if any) and other current liabilities to the extent assumed (directly or indirectly through a Company or Subsidiary), by the Buyer; and (ii) "Interim Balance Sheet" shall mean the unaudited combined balance sheet as of September 30, 1996 referred to in Section 4.8. For purposes of

Closing Adjusted Working Capital means (a) the net book value of those current assets of the Business that are included in the line item categories of current assets specifically identified on Exhibit A (other than those line items noted on Exhibit A that will not transfer, will not apply, will be retained or similar language); minus

Closing Adjusted Working Capital means an amount equal to (A) the Adjusted Working Capital reflected on the Closing Balance Sheet prepared pursuant to Section 1.5(b) below, plus (B) the amount of cash, net of any checks written by the Company but not yet recorded, reflected on such Closing Balance Sheet.

Closing Adjusted Working Capital. The “Post-Closing Adjustment” shall be an 19 amount equal to the Closing Adjusted Working Capital less the Estimated Closing Adjusted Working Capital, as finally determined pursuant to Section 2.06(c).

Closing Adjusted Working Capital means: the sum of (a) cash-on-hand, (b) trade receivables, (c) inventory deposits, and (d) inventory; less (e) allowance for bad debt, and (f) accounts payable, determined as of the close of business on the Closing Date; and also less (g) all external auditor fees associated with the preparation of the Audited Financial Statements, regardless of when such fees are incurred. The amount of Closing Adjusted Working Capital shall be calculated in the same manner used to determine the amounts for items (a) – (f) set forth on Schedule 1 attached hereto.

Closing Adjusted Working Capital means the Estimated Adjusted Working Capital minus the Target Adjusted Working Capital.