Closing Net Working Capital Deficit definition

Closing Net Working Capital Deficit means the amount, if any, by which (i) the Target Net Working Capital exceeds (ii) the Closing Net Working Capital.

Closing Net Working Capital Deficit means an amount, if any, by which the Closing Net Working Capital Amount is less than $0.

Closing Net Working Capital Deficit means an amount, if any, by which the Estimated Closing Net Working Capital Amount is less than negative Two Million Two Hundred Eighty-Four Thousand Sixty-Nine Dollars (($2,284,069)).

Examples of Closing Net Working Capital Deficit in a sentence

• The Estimated Closing Net Working Capital Deficit, and Estimated Net Working Capital Adjustment (and the individual elements thereof, as applicable) shall be determined and prepared in accordance with GAAP and, to the extent not inconsistent therewith, consistently with the policies, principles, procedures and methodologies used in calculating the Target Net Working Capital as set forth on the Net Working Capital Schedule (the “Working Capital Methodology”).

• Within 90 days after the Closing Date, Buyer shall provide to the Stockholders’ Representative a statement (the “ Post- Closing Statement”) of: (i) the Transaction Costs, (ii) the Closing Indebtedness, (iii) the Closing Net Working Capital Deficit (the “Final Closing Net Working Capital Deficit”) prepared in accordance with the terms of this Agreement, and (iv) the Final Net Working Capital Adjustment.

More Definitions of Closing Net Working Capital Deficit

Closing Net Working Capital Deficit is defined in Section 2.2(d)(ii).

Closing Net Working Capital Deficit means the Net Working Capital Deficit of the Group Companies as of the Effective Time.

Closing Net Working Capital Deficit means the Net Working Capital Deficit of the Group Companies as of the Effective Time. “COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.