Estimated Closing Net Working Capital Overage definition

Estimated Closing Net Working Capital Overage means the amount, if any, by which the Estimated Closing Net Working Capital is greater than the Target Net Working Capital.
Estimated Closing Net Working Capital Overage means the amount, if any, by which the sum of Estimated Closing Net Working Capital for each Specified Purchased Entity is greater than the sum of Target Net Working Capital for each Specified Purchased Entity.

Examples of Estimated Closing Net Working Capital Overage in a sentence

  • The amount of the Estimated Closing Net Working Capital Overage (if any) determined to be due and owing to Sellers pursuant to the Estimated Closing Statement shall be paid by Buyer at the Closing pursuant to Section 2.01.

  • The amount of the Estimated Closing Net Working Capital Overage (if any) determined to be due and owing to Sellers pursuant to the Estimated Closing Statement shall be paid by Buyer at the Closing pursuant to S ection 2.01.

  • In addition, and not in limitation of any other provision of this Agreement, the Company shall use its good faith efforts to distribute, or cause to be distributed, to the Holdings Stockholder prior to Closing cash or cash equivalents in an amount necessary to eliminate any excess of the Estimated Closing Net Working Capital Overage (if any) over the amount of the Estimated Holdings’ Indebtedness (the cash or cash equivalents so distributed, the “Excess Working Capital Payment”).

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