Closing Date Net Working Capital Adjustment definition

Closing Date Net Working Capital Adjustment is defined in Section 2.3(c).

Closing Date Net Working Capital Adjustment means the amount, which may be positive or negative, equal to the Closing Date Net Working Capital minus the Target Closing Date Net Working Capital.

Closing Date Net Working Capital Adjustment means the amount, if any, of any increase or decrease to the Closing Date Payment as determined pursuant to clause (a) or (b) below, as applicable, and in each case, without duplication of the provisions of clause (i) of Section 1.9(a)

Examples of Closing Date Net Working Capital Adjustment in a sentence

• An advance account for disbursing the ADB loan will be established in the State Bank (commercial bank) and sub-accounts will be established in the State Fund according to the Mongolia Budget Law and the MOF regulation.

• The aggregate purchase price (the “Purchase Price”) shall be equal to the Base Purchase Price, plus or minus (as applicable) the Closing Date Net Working Capital Adjustment, plus the Closing Date Cash, plus the Closing Date Debt, plus the Closing Date Company Transaction Expenses, plus Equityholders’ Representative Expense Funds, plus the amount of any Earnout Payments.

• Unless Seller provides a Notice of Disagreement on or prior to the last day of the Review Period, (A) the Closing Date Net Working Capital Adjustment shall be deemed to set forth the final Net Working Capital Adjustment, (B) the Closing Date Cash shall be deemed to set forth the final Closing Cash, (C) the Excess Closing Cash Calculation shall be deemed to set for the final Excess Closing Cash and (D) the Purchase Price Calculation shall be deemed to set forth the final Purchase Price.

• Unless Seller provides a Notice of Disagreement on or prior to the last day of the Review Period, (A) the Closing Date Net Working Capital Adjustment shall be deemed to set forth the final Net Working Capital Adjustment and (B) the Purchase Price Calculation shall be deemed to set forth the final Purchase Price.

• Within ninety (90) days after the Closing Date, Parent shall deliver to the Sellers a statement (the “Parent’s Statement”) setting forth its calculation of the Purchase Price (including the Closing Date Net Working Capital Adjustment Amount, the Closing Date Cash Amount and the RGGI Adjustment Amount) together with reasonable supporting information and calculations.

More Definitions of Closing Date Net Working Capital Adjustment

Closing Date Net Working Capital Adjustment means (i) the amount, if any, by which the Target Amount exceeds Final Closing Date Net Working Capital, shall result in a corresponding dollar-for-dollar decrease in the Final Closing Cash Payment, and (ii) the amount, if any, by which the Final Closing Date Net Working Capital exceeds the Target Amount, shall result in a corresponding dollar-for-dollar increase in the Final Closing Cash Payment.

Closing Date Net Working Capital Adjustment means (i) the amount, if any, by which the Target amount exceeds final Closing date Net Working Capital, shall result in a corresponding dollar-for-dollar decrease in the final Closing Cash payment, and (ii) the amount, if any, by which the final Closing date Net Working Capital exceeds the Target amount, shall result in a corresponding dollar-for-dollar increase in the final Closing Cash payment.

Closing Date Net Working Capital Adjustment has the meaning set forth in Section 4.5(a).

Closing Date Net Working Capital Adjustment shall have the meaning set forth in Section 1.03 (b)(iii) of this Agreement.

Closing Date Net Working Capital Adjustment. For the avoidance of doubt, if the Closing Date Net Working Capital is greater than the Minimum Net Working Capital, there shall be no adjustment of the Purchase Price.