Closing Date Working Capital Excess definition

Closing Date Working Capital Excess means the amount, if any, by which the Closing Date Working Capital is in excess of the Target Working Capital Amount.
Closing Date Working Capital Excess means the difference between the Closing Date Working Capital and the Target Working Capital, if the latter is a smaller amount than the former.

Examples of Closing Date Working Capital Excess in a sentence

  • The amount of cash to be paid at the Closing (the “Estimated Cash Consideration Adjustment Amount”) shall be equal to the Cash Consideration minus (A) the Estimated Closing Date Working Capital Shortfall, if any, plus (B) the Estimated Closing Date Working Capital Excess, if any, and plus (C) the Estimated Net Cash.

  • Upon completion of the Estimated Statements, Seller Parent shall derive: (i) the estimated Closing Date Working Capital; (ii)the estimated Closing Net Cash; (iii) the Estimated Closing Date Working Capital Shortfall; and (iv) the Estimated Closing Date Working Capital Excess, if any.

  • With respect to the Closing Date Working Capital Amount and either the Estimated Closing Date Working Capital Excess or the Estimated Closing Date Working Capital Shortfall, as applicable, the written statement setting forth the Estimated Closing Date Payment Amount shall be prepared in a consistent manner with the Reference Statement of Working Capital.

  • If there is a Closing Date Working Capital Excess it shall be distributed to the Company Stockholders on a pro rata basis within thirty (30) days after the Final Balance Sheet has become final and binding on all Parties.

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