Estimated Closing Proceeds definition

Estimated Closing Proceeds means (i) the Enterprise Value, plus (ii) Estimated Closing Cash, plus (iii) the amount (if any) by which Closing Net Working Capital is greater than Target Net Working Capital, plus (iv) Estimated Aggregate Exercise Price, minus (v) Estimated Closing Indebtedness, minus (vi) Estimated Unpaid Transaction Expenses, minus (vii) the amount (if any) by which Estimated Net Working Capital is less than Target Net Working Capital, minus (viii) the Representative Expense Fund, minus (ix) the Escrow Amount. For the avoidance of doubt, no items included in the definitions of Cash, Indebtedness, Unpaid Transaction Expenses or Net Working Capital will be double counted for purposes of calculating the Estimated Closing Proceeds hereunder.
Estimated Closing Proceeds means (a) the Base Amount, plus (b) Estimated Closing Cash, plus (c) the amount (if any) by which Closing Net Working Capital is greater than Target Net Working Capital, plus (d) Estimated Aggregate Exercise Price, minus (e) Estimated Closing Indebtedness, minus (f) Estimated Unpaid Transaction Expenses, minus (g) the amount (if any) by which Estimated Net Working Capital is less than Target Net Working Capital, minus (h) the Representative Holdback Amount,
Estimated Closing Proceeds means (a) $130,000,000, plus (b) Estimated Closing Cash, plus or minus (c) the amount by which the Estimated Closing Working Capital exceeds the Target Working Capital or the amount by which the Target Working Capital exceeds the Estimated Closing Working Capital, minus (d) the Estimated Closing Indebtedness, minus (e) the Estimated Transaction Expenses.

Examples of Estimated Closing Proceeds in a sentence

  • The Company shall consider in good faith any reasonable comments to the Estimated Closing Proceeds provided by the Parent.

  • Buyer will have the opportunity to review the materials and information used by Seller Parent in preparing the Closing Schedule and its calculation of the Estimated Closing Proceeds, and the Companies will make available such personnel as are reasonably necessary to assist Buyer in its review of the Closing Schedule and discuss in good faith any modifications thereto proposed by Buyer.

  • Sellers will be responsible for payment of any Taxes for any Pre-Closing Tax Periods; provided, however, that Sellers and their Affiliates will not be responsible for any Taxes with respect to any Pre-Closing Tax Period to the extent such Taxes were taken into account pursuant to Section ‎1.5 hereof in determining Estimated Closing Proceeds, the Closing Date Purchase Price or the Net Adjustment Amount.

  • If Sellers and Buyer are unable to agree on the amount of the Estimated Closing Proceeds, the applicable values proposed by Seller Parent will be utilized for purposes of the cash payment made at the Closing as contemplated by Section 1.3(b), but in no event will the determination of the amounts set forth in Seller Parent’s estimate delivered hereunder prejudice Seller Parent’s or Buyer’s rights under any other provision of this Section ‎1.5.

  • A number of Indemnifying Securityholders whose aggregate Pro Rata Portions of the Estimated Closing Proceeds represent no less than 95% of the aggregate Estimated Closing Proceeds will have executed and delivered Joinder Agreements to Parent, and all such Joinder Agreements will be in full force and effect.


More Definitions of Estimated Closing Proceeds

Estimated Closing Proceeds is defined in Section 3.03(a).

Related to Estimated Closing Proceeds