Closing Net Working Capital Adjustment Amount definition

Closing Net Working Capital Adjustment Amount means an amount, which may be positive or negative, equal to (a) Closing Net Working Capital minus (b) Target Net Working Capital.

Closing Net Working Capital Adjustment Amount means an amount equal to: the Closing Net Working Capital Amount minus (a) $13,000,000 if the Closing Net Working Capital Amount is greater than $13,000,000 or (b) $10,100,000 if the Closing Net Working Capital Amount is less than $10,100,000, it being understood that the “Closing Net Working Capital Adjustment Amount” means $0 if the Closing Net Working Capital Amount is between $10,100,000 and $13,000,000.

Closing Net Working Capital Adjustment Amount means (i) if the Closing Net Working Capital exceeds the Net Working Capital Target, the amount, which will be a positive number, of such excess, and (ii) if the Closing Net Working Capital is less than the Net Working Capital Target, the amount, which will be a negative number, of such deficit.

Examples of Closing Net Working Capital Adjustment Amount in a sentence

• The Closing Date Net Working Capital, the Closing Net Working Capital Adjustment Amount, the Closing Cash, the Closing Funded Indebtedness and the Closing Transaction Expenses, each as shown on the Final Purchase Price Adjustment Statement, shall be referred to as the “Final Closing Date Net Working Capital,” the “Final Closing Net Working Capital Adjustment Amount,” the “Final Closing Cash,” the “Final Closing Funded Indebtedness” and the “Final Closing Transaction Expenses,” respectively.

• The Closing Balance Sheet, the Closing Net Working Capital, and the Final Closing Net Working Capital Adjustment Amount shall be prepared consistently with the Applicable Accounting Practices, including the accounting principles, methodologies, policies and procedures used in the example calculation of Target Net Working Capital set forth on Schedule 2.7.

• In making such calculation, the Accounting Referee shall be bound by the terms of this Agreement, including the definitions of Purchase Price, Closing Cash, Closing Net Working Capital, Closing Net Working Capital Adjustment Amount and the terms of this ‎Section 2.06, shall consider only the Disputed Matters and shall not assign a value to any Disputed Matter greater than the greatest value for such item claimed by either party or less than the smallest value for such item claimed by either party.

• Batoche 2019Sherry McLennan, Minister of Batoche, reported that discussions had ensued in preparation for Batoche 2019, scheduled July 18-21, 2019.

• Neither Buyer nor its Affiliates shall be entitled to indemnification under this Section 7.6(n) with respect to the amount of any liability for Taxes to the extent that such amount is expressly reflected as a Current Liability in the calculation of Final Closing Net Working Capital Adjustment Amount.

More Definitions of Closing Net Working Capital Adjustment Amount

Closing Net Working Capital Adjustment Amount means an amount equal to (a) Closing Net Working Capital, minus (b) the Target Net Working Capital Amount, and expressed as a negative number if Closing Net Working Capital is less than the Target Net Working Capital Amount.

Closing Net Working Capital Adjustment Amount means, as applicable, (a) if Closing Net Working Capital exceeds the Net Working Capital Upper Target, the amount of such excess (expressed as a positive number); (b) if the Net Working Capital Lower Target exceeds Closing Net Working Capital, the amount of such excess (expressed as a negative number); or (c) if Closing Net Working Capital is less than or equal to the Net Working Capital Upper Target and greater than or equal to the Net Working Capital Lower Target, an amount equal to $0; provided that in no event will the Closing Net Working Capital Adjustment Amount exceed $15,000,000.

Closing Net Working Capital Adjustment Amount means: (a) if Closing Net Working Capital is (i) greater than or equal to the Lower Working Capital Collar and (ii) less than or equal to the Upper Working Capital Collar, an amount equal to $0; (b) if Closing Net Working Capital exceeds the Upper Working Capital Collar, the amount of such excess (over the Upper Working Capital Collar, expressed as a positive number); and (c) if Closing Net Working Capital is less than the Lower Working Capital Collar, the amount of such shortfall (from the Lower Working Capital Collar, expressed as a negative number).

Closing Net Working Capital Adjustment Amount means the amount equal to (a) the Estimated Closing Date Net Working Capital as shown on the Closing Date Statement, minus (b) the Target Working Capital, expressed as (i) a positive number if the Estimated Closing Date Net Working Capital exceeds the Target Working Capital or (ii) a negative number if the Estimated Closing Date Net Working Capital is less than the Target Working Capital.

Closing Net Working Capital Adjustment Amount means an amount equal to (a) the Closing Net Working Capital minus (b) the Target Net Working Capital, which number, for the avoidance of doubt, may be positive or negative. Notwithstanding the foregoing, if the Closing Net Working Capital is less than $150,000 over or under the Target Net Working Capital, then for purposes hereof the Closing Net Working Capital Adjustment Amount shall equal $0.00.

Closing Net Working Capital Adjustment Amount is defined in Section 2.3(b) of this Agreement.

Closing Net Working Capital Adjustment Amount means an amount, whether positive or negative, equal to (i) Closing Net Working Capitalminus (ii) Target Net Working Capital.