Closing Net Working Capital definition

Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

Closing Net Working Capital has the meaning set forth in Section 2.6(a).

Examples of Closing Net Working Capital in a sentence

• Buyer shall cause the full amount of any cash refund received by Company for returns submitted prior to the Closing Date and received subsequent to Closing to be considered for the benefit of the Sellers in the calculation of the Closing Net Working Capital for purposes of the determination of the Final Closing Amounts.

• The amount of the ERC received after the Closing shall be included for the benefit of the Sellers in the calculation of the Closing Net Working Capital for the determination of the Final Closing Amounts.

• Each Seller and the Buyer agree that the calculation of Closing Net Working Capital shall be prepared in a format consistent with the sample calculations, which have been included for illustrative purposes only, set forth on Schedule 1.3.

More Definitions of Closing Net Working Capital

Closing Net Working Capital means (a) the sum of (i) the Accounts Receivable plus the notes and trade accounts receivable of the Acquired Company, and (ii) the Inventory, the Prepaid Inventory plus the inventory of the Acquired Company, minus (b) the accounts payable and other current liabilities of the Acquired Company, in each case calculated as of the close of business on the Closing Date, in accordance with the Calculation Principles and with the line items contained in the sample of the Final Closing Net Working Capital set forth in Schedule 2.6(h).

Closing Net Working Capital means the Net Working Capital as of 11:59 p.m. on the last calendar day prior to the Effective Time.

Closing Net Working Capital has the meaning set forth in Section 1.9.1.

Closing Net Working Capital means (i) the total Current Assets at the Closing Time, minus (ii) the total Current Liabilities at the Closing Time.

Closing Net Working Capital has the meaning set forth in Section 3.2(a).

Closing Net Working Capital has the meaning ascribed to such term in Section 1.04(c).

Closing Net Working Capital means the Net Working Capital reflected in the Closing Net Working Capital Statement as calculated in accordance with GAAP.