Completion Net Working Capital definition

Completion Net Working Capital means the sum of all the line items included in the column headed “Net Working Capital” in the Completion Statement;

Completion Net Working Capital means the Net Working Capital as of the Adjustment Calculation Time;

Completion Net Working Capital means net working capital of the Companies at the Completion Date, as shown in line item 10 of the Completion Net Working Capital Statement;

Examples of Completion Net Working Capital in a sentence

• Second Adjustment On the Second Adjustment Date, the Purchaser and the Vendors will recalculate the Completion Net Working Capital Amount in accordance with the terms of the Agreement and adjust the Completion Net Working Capital Amount to reflect the collection of account receivables during the five month period following Completion.

• For the avoidance of doubt, if Completion Net Working Capital exceeds May Net Working Capital, there shall be no increase in the Excess.

• Actual Completion Net Working Capital is defined in Schedule 5 Adjustment Amount the amount (if any) by which the Actual Completion Net Working Capital differs from the Reference Net Working Capital.

• If the Completion Net Working Capital is less than the Estimated Completion Net Working Capital, as shown in the Completion Statement, the Sellers and Management Sellers shall, subject to the limitation in clause 4.9, repay to the Buyer the amount of the deficit on a pound for pound basis in accordance with clause 4.7.

• The Completion Statements shall be drawn up and the amount of each of the May Net Working Capital and the Completion Net Working Capital shall be agreed, deemed agreed or determined as provided for in Schedule 7.

• The Completion Statements shall comprise (i) the balance sheets of each of the Companies and the Subsidiaries and a statement of the May Net Working Capital as at close of business on 31 May 2015; and (ii) the balance sheets of each of the Companies and the Subsidiaries and a statement of the Completion Net Working Capital as at close of business on the Completion Date, in the form and including the items set out in Part 3 of this Schedule.

• US$630,021.41 (or equivalent to approximately S$844,000) to be paid to CBSA, after taking into account the estimated Completion Net Debt/Cash Balance (as defined in the SPA), plus the Completion Net Working Capital (as defined in the SPA) less the Interim Net Working Capital (as defined in the SPA).

• Completion Net Working Capital: the aggregate current assets of the Companies and the Subsidiaries as at the Completion Date, less the aggregate current liabilities of the Companies and the Subsidiaries as at the Completion Date, adjusted in accordance with the provisions of Schedule 7, as presented in the Completion Statements.

• If the Completion Net Working Capital is greater than the Estimated Completion Net Working Capital, as shown in the Completion Statement, the Buyer shall pay to the Sellers and Management Sellers (between them) the amount of the surplus on a pound for pound basis in accordance with clause 4.6.

• Any Notice of Disagreement shall specify in reasonable detail the nature and amount of any disagreement so asserted and any proposed adjustments to the Completion Net Current Assets Statement and the Completion Statement and the resulting Completion Net Working Capital and Net Completion Cash (and the Net Working Capital Adjustment and the Purchase Consideration resulting from the Completion Net Working Capital and Net Completion Cash) as set out therein.

More Definitions of Completion Net Working Capital

Completion Net Working Capital means, in respect of the Company, its Net Working Capital as at the close of business on the Completion Date, as derived from the Completion Net Working Capital Statement;

Completion Net Working Capital shall have the meaning set out in Section 3.3 below;

Completion Net Working Capital has the meaning given to it in paragraph 1 of Schedule 7;