Completion Working Capital Statement definition

Completion Working Capital Statement means the statement of working capital (as at the Effective Time) prepared and agreed or otherwise final and binding pursuant to Schedule 5;

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Completion Working Capital Statement means the statement of the consolidated net working capital of the Target Business in US Dollars as at the Effective Time as agreed (or deemed to be agreed) or as finally determined in accordance with the relevant provisions of Schedule 2 and in the form set out in Part 3 of Schedule 2;

Completion Working Capital Statement means the statement setting out the Completion NWCV as at the close of business on the Completion Date to be prepared in accordance with schedule 2 (Completion Accounts) Conditions has the meaning given in schedule 11 (Conditions Precedent)

Examples of Completion Working Capital Statement in a sentence

The provisions of Schedule 2 shall apply in relation to the preparation and agreement (or determination) of the Completion Working Capital Statement.
The Completion Working Capital Statement shall be in the format set out in Part 3 of this Schedule.
As soon as practicable after the Completion Date, but in any event not later than 30 working days following the Completion Date, the Vendors will procure the preparation of the Completion Working Capital Statement to determine the value of the Working Capital of the Group at the Completion Date and any adjustment to the Purchase Price required pursuant to clause 5.8.
If the Purchaser gives a valid Purchaser’s Disagreement Notice, the Principal Vendor and the Purchaser shall attempt in good faith to reach agreement in respect of the Draft Statement and if they are unable to do so within 20 days following the receipt by the Principal Vendor of the Purchaser’s Disagreement Notice, then either the Principal Vendor or the Purchaser, by notice to the other, may require that the Completion Working Capital Statement be referred to the Reporting Accountants.
The Completion Working Capital Statement will be prepared, and the Working Capital at the Completion Date must be calculated, using the following principles and practices applied in the following order of priority: a in accordance with the Accounting Policies and (to the extent not inconsistent) the Financial Statements; and b on a basis consistent with the preparation of, and in the same format as (including the same line items), the Target Working Capital Statement.
The draft Completion Working Capital Statement and the Completion NWCV specified in it shall be the Completion Working Capital Statement and the Completion NWCV for all purposes of this Agreement.
In the absence of such notice within the 45 day period, the Draft Statement shall become the Completion Working Capital Statement and shall (in the absence of manifest error) be final and binding on the parties for all purposes.
The Independent Accountants shall only decide the specific items under dispute by the parties and their decision for each Disputed Amount must be within the range of values assigned to each such item in the Completion Working Capital Statement and the Statement of Objections, respectively.
The Completion Working Capital Statement and Completion Net Cash Statement will be derived solely from the Completion Accounts and will not include assets or liabilities not included in them.
If Seller fails to deliver the Statement of Objections before the expiration of the Review Period, the Completion Working Capital Statement and the Post-Completion Adjustment, as the case may be, reflected in the Completion Working Capital Statement shall be deemed to have been accepted by Seller.

More Definitions of Completion Working Capital Statement

Completion Working Capital Statement has the meaning given in paragraph 1.1 of Schedule 6;

Completion Working Capital Statement means a document in the form set out in Part B of Schedule 4 setting out the Working Capital of the Group at the Completion Date, prepared in accordance with clauses 5.1 and 5.2 ‘Condition Date’ means 14 July 2010 ‘Conditions’ means the conditions precedent contained in clause 4.1 ‘Confidentiality Agreement’ means a certain agreement dated 18 November 2009 between the Company and the Purchaser ‘Current Account Balances’ means the total amount of all indebtedness owed by any Group Company to the Vendors immediately prior to Completion (including interest (if any) thereon to Completion) ‘Data Room’ means the online data room maintained by or on behalf of the Vendors through which the Purchaser and its officers, employees, agents, advisors and financiers have had access to information and material relating to the Shares, Business and Assets

Completion Working Capital Statement means the amount of consolidated net Working Capital of the Group Companies as at the Completion Date as set out in the Completion Accounts;

Completion Working Capital Statement has the meaning ascribed to it in Article 3.3.1;

Completion Working Capital Statement means the statement of the consolidated net working capital of the Target Companies and the Target Businesses as at the Effective Time as agreed (or deemed to be agreed) or as finally determined in accordance with the relevant provisions of Schedule 3;