Completion Working Capital definition

Completion Working Capital means the Net Working Capital at Completion, as derived from the Completion Accounts and set out in the Working Capital Statement;

Completion Working Capital means the Working Capital as at immediately prior to Completion, calculated in accordance with the policies and procedures set out in Schedule 3 and comprising each of the line items identified in the net column headed “Working Capital” in Part C of Part 2 of Schedule 3;

Completion Working Capital means the Working Capital of the Group as of 12:01 a.m. London time on the Completion Date

Examples of Completion Working Capital in a sentence

• To enable the Actual Working Capital Amount to be ascertained, as soon as reasonably practicable and by no later than 90 days following Completion, the Purchaser shall procure that the Group Companies prepare and deliver to the Sellers a draft of a consolidated working capital statement of the Group Companies as at Completion (the draft Completion Working Capital Statement).

• Completion Accounts the accounts setting out Completion Working Capital Balance and Completion Net Debt, prepared as at the Effective Time in accordance with Schedule 7 and in the format set out in Schedule 8, together with such information required by Schedule 7 and Schedule 8.

• Following agreement or determination of the Completion Accounts and the Net Working Capital Statement, if the amount of the Completion Working Capital: exceeds the sum of €471,000, the Buyer shall pay to the Sellers on or before the Adjustment Date an amount equal to the excess; or is less than the sum of €371,000, the Sellers shall pay to the Buyer on or before the Adjustment Date an amount equal to the shortfall, together the “Net Working Capital Adjustment”.

• The draft Completion Working Capital Statement shall be prepared in the form and include the items shown in Part 2 of this schedule and in accordance with the specific policies set out in Part 3 of this schedule.

• Adjustment Amount the amount (if any) equal to the Completion Working Capital Balance minus the Target Working Capital Balance, plus Completion Net Debt.

More Definitions of Completion Working Capital

Completion Working Capital means the Working Capital calculated in accordance with the provisions of Clause 2.4 below;

Completion Working Capital means Current Assets less Current Liabilities and shown in the Net Working Capital Statement, calculated in accordance with Schedule 9; Confidential Information: all information not in the public domain, which a Seller shall have received or obtained at any time by reason of or in connection with his relationship with the Company or any of the Subsidiaries including: trade secrets; customer/client lists, contact details of clients, customers and suppliers and individuals within those organisations; technical information, know-how, research and development; financial projections, target details and accounts; fee levels, pricing policies, commissions and commission charges; budgets, forecasts, reports, interpretations, records and corporate and business plans; planned products and services; marketing and advertising plans, requirements and materials, marketing surveys and research reports and market share and pricing statistics; and computer software and passwords; Consideration: has the meaning given to it in Clause 3.1; CRO: the Companies Registration Office (Ireland); Current Assets: the aggregate of accounts receivable and other current assets which will include un-deposited funds, credit card holdbacks, deposits, inventory, VAT and prepayments but excluding Actual Cash and Cash Equivalents;

Completion Working Capital means the amount of consolidated net working capital of the Target Business in US Dollars as at the Effective Time as set out in the Completion Working Capital Statement;

Completion Working Capital has the meaning given in Schedule 6.

Completion Working Capital has the meaning set forth in Clause 8.11.1;

Completion Working Capital means the amount of Working Capital as at Completion as shown by the Final Completion Statement;

Completion Working Capital has the meaning given in Part 1 of Schedule 8;