Closing Date Working Capital Deficiency definition

Closing Date Working Capital Deficiency means the difference between the Target Working Capital and the Closing Date Working Capital, if the latter is a smaller amount than the former.
Closing Date Working Capital Deficiency has the meaning set forth in Section 2.7(a).

Examples of Closing Date Working Capital Deficiency in a sentence

  • The “Closing Payment” shall be a U.S. Dollar amount equal to the Purchase Price, plus the Closing Date Working Capital Surplus, if any, or minus the Closing Date Working Capital Deficiency, if any (as applicable), minus the Indebtedness of Seller, minus the Transaction Expenses.

  • To the extent that the Estimated Closing Date Working Capital is less than $1,150,000, such difference (the "Estimated Closing Date Working Capital Deficiency") shall be deducted from the Cash Portion of the Purchase Consideration to be paid to the Stockholders pursuant to Section 1.2.

Related to Closing Date Working Capital Deficiency