Closing Working Capital Overage definition

Closing Working Capital Overage means the amount, if any, by which the Closing Net Working Capital is greater than Target Net Working Capital. If the Closing Net Working Capital is equal to or lower than Target Net Working Capital, then Closing Working Capital Overage shall be zero.
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Closing Working Capital Overage means the amount (if any) by which the Closing Working Capital exceeds the Working Capital Target, which amount shall be subject to a cap of $500,000.
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Closing Working Capital Overage shall exist when (and shall be equal to the amount by which) the Closing Working Capital exceeds the Base Amount.
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More Definitions of Closing Working Capital Overage

Closing Working Capital Overage has the meaning set forth in Section 1.6(a).
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Related to Closing Working Capital Overage

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.