Closing Backlog means (x) if the Closing Date is on the first day of a calendar month, the consolidated Backlog of RSP and RSP-TW calculated by dividing (A) the sum of the consolidated Backlog of RSP and RSP-TW on the following three dates: (i) the last day of the third full calendar month ended prior to the Closing Date, (ii) the last day of the second full calendar month ended prior to the Closing Date and (iii) the last day of the first full calendar month ended prior to the Closing Date, divided by (B) three; or (y) if the Closing Date is not on the first day of a calendar month, the consolidated Backlog of RSP and RSP-TW calculated by dividing (A) the sum of the consolidated Backlog of RSP and RSP-TW on the following three dates: (i) the last day of the second full calendar month ended prior to the Closing Date, (ii) the last day of the first full calendar month ended prior to the Closing Date and (iii) the last day of the month in which the Closing Date occurs, divided by (B) three.

Closing Backlog means the aggregate dollar amount of all unfilled orders for products and services of the Company and its international business units/sales and service organizations as of the Closing Date.

Closing Backlog means the closing backlog shown on Seller’s books in the Ordinary Course of Business as of the Closing Date related to customers listed in Section 1.1(a).

Examples of Closing Backlog in a sentence

If the Closing Backlog is greater than $7,100,000, then any net reduction to the Purchase Price required pursuant to Sections 1.4(a)(i), (ii) and (iii) above will be offset by the amount resulting from the following formula, but not to exceed $100,000: (Closing Backlog - $7,100,000) x 0.025.
At the request of Buyers, representatives of Seller shall be available to answer questions with respect to the determination of the Deferred Revenue Liability and the Closing Backlog and shall provide such documentation and information used in Seller’s determination of the Assumed Payables, the Deferred Revenue, the Material Contract Closing Backlog and the Non-Material Contract Closing Backlog.
The Parties have contemplated that RSP and RSP-TW will have (on a consolidated basis) (X) Working Capital as of the Closing (the “Closing Working Capital”), as calculated in accordance with this Agreement and on a basis consistent with Schedule 2.5(a), of JPY3,576,000,000 (the “Working Capital Target”), (Y) a Closing Cash Balance in an amount equal to the Cash Target, and (Z) Closing Backlog in an amount equal to the Backlog Target.

Related to Closing Backlog

Closing Balance Sheet has the meaning set forth in Section 2.4(a).
Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).
Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).
Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).
Closing Cash means the aggregate amount of Cash of the Company as of the Effective Time.
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).
Closing Date Business Plan means the set of Projections of Borrower for the 1 year period following the Closing Date (on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.
Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).
Estimated Closing Cash has the meaning set forth in Section 2.4(a).
Closing Cash Amount shall have the meaning set forth in Section 2.8(b).
Closing Date Net Working Capital has the meaning specified in Section 3.4(a).
Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.
Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Estimated Closing Statement has the meaning set forth in Section 2.4(a).
Final Closing Cash shall have the meaning set forth in Section 2.11(g).
Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.
Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.
Final Closing Statement has the meaning set forth in Section 2.4(a).
Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).
Pre-Closing Statement has the meaning set forth in Section 2.4(a).
Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.
Closing Date Balance Sheet has the meaning specified in Section 2.3(b).

Closing Backlog definition

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