Estimated Net Working Capital Deficiency definition
Estimated Net Working Capital Deficiency has the meaning set forth in Section 2.3(a).
Estimated Net Working Capital Deficiency means the amount, if any, by which the Target Net Working Capital exceeds the Estimated Net Working Capital.
Estimated Net Working Capital Deficiency means the amount, expressed as a negative number, by which the Estimated Closing Net Working Capital is less than the amount comprised of (i) the Net Working Capital Target, less (ii) the Deficiency Collar Amount; provided that if the difference between the Estimated Closing Net Working Capital and the Net Working Capital Target is less than or equal to the Deficiency Collar Amount, the Estimated Net Working Capital Deficiency shall be deemed to be $0. By way of illustration, if the Estimated Closing Net Working Capital is $13,180,000.00, the Estimated Net Working Capital Deficiency is negative $20,000.00.
Examples of Estimated Net Working Capital Deficiency in a sentence
The Estimated Net Working Capital Deficiency (if any) and the Estimated Net Working Capital Surplus (if any) set forth in the Estimated Closing Statement, as it may be so updated and revised, shall, subject to the other provisions of this Section 3.6, be used to calculate the Aggregate Merger Consideration.
More Definitions of Estimated Net Working Capital Deficiency
Estimated Net Working Capital Deficiency means the amount, if any, by which Estimated Net Working Capital is less than Target Net Working Capital.
Estimated Net Working Capital Deficiency means the amount, if any, but which the Estimated Net Working Capital is less than the Target Net Working Capital.
Estimated Net Working Capital Deficiency means the Company's good faith estimate of the Net Working Capital Deficiency as of the Closing Date as set forth on a certificate signed by an officer of the Company
Estimated Net Working Capital Deficiency means the amount, if any, by which Net Working Capital is less than Target Net Working Capital. For the avoidance of doubt, for purposes of calculating the Purchase Price, there shall be an Estimated Net Working Capital Deficiency if the Net Working Capital is less than negative one hundred twenty-nine thousand dollars (-$129,000) (e.g., negative one hundred thirty-nine thousand dollars (-$139,000)). If the Net Working Capital is equal to or greater than negative one hundred twenty-nine thousand dollars (-$129,000), then there will be no Estimated Net Working Capital Deficiency. Any Estimated Net Working Capital Deficiency shall be set forth in the Preliminary Purchase Price.
Estimated Net Working Capital Deficiency means the amount, if any, by which Target Net Working Capital exceeds Estimated Net Working Capital. "Estimated Net Working Capital Surplus" means the amount, if any, by which Estimated Net Working Capital exceeds Target Net Working Capital. "Extended Commitment" has the meaning specified in Section 8.1(c)(ii)(X).
Estimated Net Working Capital Deficiency means the Company's good faith estimate of the Net Working Capital Deficiency as of the Closing Date as set forth on a certificate signed by an officer of the Company delivered to the Parent at least two business days prior to the Closing Date.