Estimated Net Working Capital Adjustment means, as applicable: (a) the amount by which the Estimated Closing Date Net Working Capital is less than the Target Net Working Capital (expressed as a negative amount), (b) the amount by which the Estimated Closing Date Net Working Capital is greater than the Target Net Working Capital (expressed as a positive amount), or (c) if the Estimated Closing Date Net Working Capital is equal to the Target Net Working Capital, $0.
Estimated Net Working Capital Adjustment has the meaning set forth in Section 3.5.
Estimated Net Working Capital Adjustment is defined in Section 2.2(a).
Examples of Estimated Net Working Capital Adjustment in a sentence
The aggregate purchase price to be paid by Buyer at the Closing for all of the Equity Interests and the Transferred Assets and Liabilities shall be an amount equal to (i) the Base Purchase Price, plus (ii) the Estimated Net Working Capital Adjustment, plus (iii) the Estimated Closing Cash, minus (iv) the Estimated Completion Bonus Amount, minus (v) the Estimated Closing Indebtedness, minus (vi) the Estimated Closing Transaction Expenses (the “Closing Purchase Price”).
More Definitions of Estimated Net Working Capital Adjustment
Estimated Net Working Capital Adjustment has the meaning set forth in Section 2.8(b).
Estimated Net Working Capital Adjustment shall have the meaning ascribed to such term in Section 1.2 hereof.
Estimated Net Working Capital Adjustment means (a) if the Estimated Net Working Capital is greater than the Target Net Working Capital, the amount by which the Estimated Net Working Capital exceeds the Target Net Working Capital, or (b) if the Estimated Net Working Capital is less than the Target Net Working Capital, the amount by which the Estimated Net Working Capital is less than the Target Net Working Capital, in each case, if applicable; provided that any amount which is calculated pursuant to clause (a) above shall be deemed to be a positive number and any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.
Estimated Net Working Capital Adjustment means the amount, which may be a positive or a negative number, obtained by subtracting the Target Net Working Capital from Seller’s good faith estimate of the Closing Date Net Working Capital.
Estimated Net Working Capital Adjustment means (i) $0 if Estimated Net Working Capital reflected on the Estimated Statement is equal to or greater than the Lower Working Capital Target and less than or equal to the Upper Working Capital Target, (ii) the amount by which Estimated Net Working Capital reflected on the Estimated Statement is greater than the Upper Working Capital Target or (iii) the product of (x) the amount by which Estimated Net Working Capital reflected on the Estimated Statement is less than the Lower Working Capital Target multiplied by (y) negative 1 (-1).
Estimated Net Working Capital Adjustment means the difference, either positive or negative, after subtracting the Net Working Capital Target from the Estimated Completion Net Working Capital;
Estimated Net Working Capital Adjustment means the amount, whether positive, negative or zero, equal to (i) the Estimated Net Working Capital, less (ii) $5,900,000, which amount has been calculated by the parties to be $5,805,968.