Closing Working Capital Shortfall definition

Closing Working Capital Shortfall means the amount, if any, by which Closing Working Capital is less than Target Closing Working Capital.

Closing Working Capital Shortfall means the amount by which (expressed as a positive number) the Closing Working Capital is less than $8,098,000; provided, that, if the Closing Working Capital is within the Working Capital Collar, then the Closing Working Capital Shortfall for purposes of this Agreement shall be deemed to equal $0.

Closing Working Capital Shortfall means the amount by which the Estimated Working Capital exceeds the Closing Working Capital.

Examples of Closing Working Capital Shortfall in a sentence

• Within one hundred and twenty (120) days following the Closing Date, the Buyer shall prepare and deliver to the Seller a statement (the “Final Closing Statement”) setting forth its good faith calculation of Closing Working Capital determined in accordance with the Accounting Principles (the “Final Working Capital”), and the resulting Closing Working Capital Excess or Closing Working Capital Shortfall (if any).

• Within one hundred and twenty (120) days following the Closing Date, the Buyer shall prepare and deliver to the Sellers a statement (the “Final Closing Statement”) setting forth its good faith calculation of Closing Working Capital determined in accordance with the Accounting Principles (the “Final Working Capital”), and the resulting Closing Working Capital Excess or Closing Working Capital Shortfall (if any).

More Definitions of Closing Working Capital Shortfall

Closing Working Capital Shortfall means the amount (if any) by which the Closing Working Capital is less than the Target Working Capital (it being understood that if the Closing Working Capital is greater than or equal to the Target Working Capital, the Closing Working Capital Shortfall shall be $0).

Closing Working Capital Shortfall has the meaning set forth in Section 2.04(a).

Closing Working Capital Shortfall means the amount by which the Estimated Working Capital exceeds the Closing Working Capital; provided, however, that the Closing Working Capital Shortfall shall only be payable in the event that the Closing Working Capital (as finally determined pursuant to Section 3.3) is less than the Working Capital Target; provided, further, in the event that (a) the Estimated Working Capital was greater than the Working Capital Target and (b) the Closing Working Capital is less than the Working Capital Target, then the Closing Working Capital Shortfall shall be an amount equal to the amount by which the Working Capital Target is greater than the Closing Working Capital. Notwithstanding anything herein to the contrary, the aggregate amount that the Sellers shall be required to pay in respect of the Closing Working Capital Shortfall and the Estimated Working Capital Shortfall shall in no event exceed $1,500,000.

Closing Working Capital Shortfall means the amount, if any, by which the Closing Working Capital Amount (as finally determined in accordance with Section 1.4) is below zero.

Closing Working Capital Shortfall has the meaning set forth in Section 4.3(3)(b).

Closing Working Capital Shortfall means (a) with respect to the Ardagh Purchased Entities, the amount, if any, by which the Target Closing Working Capital Amount of the Ardagh Purchased Entities exceeds the Closing Working Capital Amount of the Ardagh Purchased Entities and (b) with respect to the Exal Purchased Entities, the amount, if any, by which the Target Closing Working Capital Amount of the Exal Purchased Entities exceeds the Closing Working Capital Amount of the Exal Purchased Entities.

Closing Working Capital Shortfall means the amount by which the Closing Working Capital falls short of EUR 1,800,000.