Estimated Net Working Capital Surplus definition

Estimated Net Working Capital Surplus means the amount, if any, by which the Estimated Net Working Capital, as set forth in the Estimated Closing Statement, exceeds the Company Net Working Capital Target.

Estimated Net Working Capital Surplus means the amount, if any, by which the NWC Purchase Price Component is less than the Estimated Net Working Capital Amount as set forth on the Estimated Closing Statement.

Estimated Net Working Capital Surplus means the amount by which the Estimated Net Working Capital is greater than the Net Working Capital Target.

Examples of Estimated Net Working Capital Surplus in a sentence

• If there is an Estimated Net Working Capital Surplus, the Purchase Price shall be increased by the amount of such Estimated Net Working Capital Surplus.

• In consideration of the sale of the Company LLC Interests, the Buyer shall pay to the Seller Twenty Two Million Dollars ($22,000,000), plus or minus any Estimated Net Working Capital Surplus or Estimated Net Working Capital Shortfall, as applicable, (the “ Purchase Price”).

• If the Net Working Capital as of the Closing Date is less than the Minimum Net Working Capital by more than the Estimated Working Capital Deficit Adjustment, Seller shall pay to Purchaser an amount equal to the amount of such deficit over the Estimated Working Capital Deficit Adjustment plus, if any, the Estimated Net Working Capital Surplus Adjustment.

• At the Closing, Buyer shall pay to Seller the amount in cash calculated as follows (the “Closing Date Payment”): (i) the Base Price, plus (ii) the Estimated Net Working Capital Surplus (if any), plus (iii) the Estimated Closing Cash minus‌(iv) the Estimated Indebtedness, minus (v) the Estimated Seller Transaction Expenses, minus (vi) the Estimated Net Working Capital Deficiency (if any).

• The Initial Purchase Price minus the Estimated Net Working Capital Deficit (if any), plus the Estimated Net Working Capital Surplus (if any), plus the Estimated Closing Cash Amount, minus the Estimated Closing Loan Indebtedness, minus the Estimated Closing Transaction Expenses shall be the “Estimated Purchase Price.

More Definitions of Estimated Net Working Capital Surplus

Estimated Net Working Capital Surplus has the meaning set forth in Section 2.05.

Estimated Net Working Capital Surplus means the amount, if any, by which Estimated Net Working Capital exceeds Target Net Working Capital.

Estimated Net Working Capital Surplus means the amount by which the Estimated Closing Net Working Capital is greater than the sum of (i) the Net Working Capital Target, plus (ii) the Surplus 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 Surplus Collar Amount, the Estimated Net Working Capital Surplus shall be deemed to be $0. By way of illustration, if the Estimated Closing Net Working Capital is $17,470,000.00, the Estimated Net Working Capital Surplus is $1,270,000.00.

Estimated Net Working Capital Surplus means the dollar amount, if any, by which the Estimated Closing Net Working Capital Amount exceeds $0; provided, however, that if the amount of such excess is greater than $15,000,000, then the “Estimated Net Working Capital Surplus” shall equal $15,000,000.

Estimated Net Working Capital Surplus means the dollar amount, if any, by which the Estimated Closing Net Working Capital Amount exceeds negative $610,000.

Estimated Net Working Capital Surplus means the Net Working Capital Surplus, if any, estimated by Parent and set forth on the Estimated Statement.

Estimated Net Working Capital Surplus means the amount, if any, by which the Estimated Closing Net Working Capital exceeds the Baseline Net Working Capital.