Closing Working Capital Adjustment definition

Closing Working Capital Adjustment has the meaning set forth in Section 5.2.2;
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Closing Working Capital Adjustment means (i) the Closing Working Capital, minus (ii) the Closing Working Capital Target (which amount may be a positive or negative number).
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Closing Working Capital Adjustment means (i) Closing Working Capital minus (ii) $58,500,000 (which, for the avoidance of doubt, shall be a negative number if Closing Working Capital is less than $58,500,000); provided that if the absolute value of the Closing Working Capital Adjustment is between negative $1,000,000 and positive $1,000,000, the Closing Working Capital Adjustment shall be deemed equal to zero.
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Examples of Closing Working Capital Adjustment in a sentence

  • The preparation of the Closing Statement shall be for the sole purpose of determining the Closing Working Capital Adjustment.

  • On the Closing Date, as provided in Section 2.5(b)(i), the Closing Date Payment shall be determined, in part, by reducing it by the Closing Working Capital Adjustment (if a negative number) or increasing it by the Closing Working Capital Adjustment (if a positive number), which increase shall be added to the Holdback Amount as set forth in Section 2.6(a) for resolution in accordance therewith.

  • On the Closing Date, the Sellers shall pay to the Purchaser, in cash, an amount equal to the Closing Working Capital Adjustment Amount.

  • All accounting determinations required to be made pursuant to this Agreement (including determinations of the Post Closing Working Capital Adjustment or EBITDA) shall be made in accordance with GAAP applied consistently with the past practices of the Seller, provided, however, that it is understood and agreed that it shall not be a breach of this section if the Closing Date Balance Sheet does not include any cash or cash equivalents as contemplated by Section 2.01(b)(i).

  • If an adjustment is not made pursuant to Section 1.04(e), then the Post Closing Working Capital Adjustment shall be the “Final Working Capital Adjustment.” In determining the Post Closing Working Capital, the Post Closing Statement shall also contain the calculations by the Parent of the additional adjustments, if any, made pursuant to Section 1.05 and Section 1.06.


More Definitions of Closing Working Capital Adjustment

Closing Working Capital Adjustment means the amount, as finally determined in accordance with Section 2.6 (which may be expressed as a negative number), equal to the Closing Working Capital, less the Target Closing Working Capital.
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Closing Working Capital Adjustment means (a) the amount (expressed as a negative number) by which the Closing Working Capital is less than the Target Working Capital Amount, if the amount of Closing Working Capital is less than the Target Working Capital Amount, (b) the amount (expressed as a positive number) by which the amount of Closing Working Capital is greater than the Target Working Capital Amount, if the amount of Closing Working Capital is greater than the Target Working Capital Amount, and (c) zero dollars ($0) if the Closing Working Capital is equal to the Target Working Capital Amount.
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Closing Working Capital Adjustment means an amount (which may be a negative amount) equal to the Closing Net Working Capital less the Target Net Working Capital.
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Closing Working Capital Adjustment means the difference between Closing Working Capital and Target Working Capital, increasing the Purchase Price (on a dollar for dollar basis) if such difference is a positive number and decreasing the Purchase Price (on a dollar for dollar basis) if such difference is a negative number.
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Closing Working Capital Adjustment means the amount by which Target Working Capital differs from Closing Working Capital, as calculated in accordance with Schedule 2.06.
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Closing Working Capital Adjustment shall have the meaning set forth in Section 2.11(g)(ii). “CMS” shall mean the Centers for Medicare and Medicaid Services.
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Closing Working Capital Adjustment means (a) the amount (expressed as a negative number) by which the Closing Working Capital is less than the lowest number in the Target Working Capital Range, if the amount of Closing Working Capital is less than the lowest number in the Target Working Capital Range, (b) the amount (expressed as a positive number) by which the amount of Closing Working Capital is greater than the highest number in the Target Working Capital Range, if the amount of Closing Working Capital is greater than the highest number in the Target Working Capital Range, and (c) zero dollars ($0) if the Closing Working Capital is equal to the lowest number, highest number, or within the range of numbers of the Target Working Capital Range.
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