Closing Working Capital Amount definition

Closing Working Capital Amount means the amount of the Working Capital as shown on the Closing Date Statements.

Closing Working Capital Amount shall have the meaning set forth in Section 2.09(a).

Closing Working Capital Amount means an amount equal to (i) the Company’s Current Assets as of the Closing Date, minus (ii) the Company’s Current Liabilities as of the Closing Date.

Examples of Closing Working Capital Amount in a sentence

• The Company will review any comments on the Estimated Closing Working Capital Amount made by Parent and will consider, in good faith, any appropriate changes.

• If Parent and the Representative are able to negotiate a mutually agreeable resolution of each Disputed Item, and each signs a certificate to that effect, the Closing Working Capital Statement and the calculation therein of the Closing Working Capital Amount, as adjusted to reflect such resolution, shall be deemed final, non-appealable and binding for purposes of this Agreement.

• The Estimated Closing Balance Sheet and the Estimated Closing Working Capital Amount shall be prepared by the Company in accordance with GAAP using the same practices, procedures, principles, classifications and methodologies applied in the preparation of the Company Balance Sheet (including with respect to the establishing of reserves).

• The Statement of Net Working Capital as revised pursuant to the terms of this Section 7.1(c), and the adjusted Closing Working Capital Amount set forth therein, shall be final, binding and conclusive for all purposes hereunder.

• On the terms and subject to the conditions contained herein, the purchase price for the Purchased Assets shall be equal to $65,000,000 (the “Base Purchase Price”) plus (b) the amount by which the Estimated Closing Working Capital Amount is greater than zero (0), if any, minus (c) the amount by which the Estimated Closing Working Capital Amount is less than zero (0), if any (the Base Purchase Price, as adjusted pursuant to subsections (b) and (c), if any, the “Estimated Purchase Price”).

More Definitions of Closing Working Capital Amount

Closing Working Capital Amount means the amount of the Working Capital of the Target Companies as of 12:01 a.m. Mountain Time on the Closing Date.

Closing Working Capital Amount means an amount equal to Seller’s (i) cash balance plus (ii) accounts receivable minus (iii) trade payables minus (iv) liabilities (excluding Deferred Revenue Liabilities and Retained Liabilities) minus (v) Payroll Expense, in the case of each of clauses (i), (ii), (iii) and (iv) above, as of the Closing Date and as indicated on the Closing Balance Sheet.

Closing Working Capital Amount shall have the meaning set forth in Section 1.4(a).

Closing Working Capital Amount shall have the meaning set forth in Section 2.4(a).

Closing Working Capital Amount means the amount equal to (x) Closing Working Capital Assets minus (y) Closing Working Capital Liabilities, as set out on the Closing Date Balance Sheet. The Closing Working Capital Amount shall be expressed in Sterling;

Closing Working Capital Amount means the amount of the Closing Current Assets less the amount of the Closing Current Liabilities.

Closing Working Capital Amount. (i) the total Current Assets less (ii) the total Current Liabilities, each as reflected on the Closing Working Capital Statement.