Estimated Target Working Capital definition

Estimated Target Working Capital means the Institutional Seller’s good faith estimate of the Target Working Capital as set out in the Initial Consideration Statement;
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Estimated Target Working Capital. Section 2.4(a)
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Estimated Target Working Capital has the meaning given to it in Section 2.03(a).
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Examples of Estimated Target Working Capital in a sentence

  • If the Estimated Closing Working Capital (y) is less than the Estimated Target Working Capital, the Closing Cash Consideration shall be reduced by an amount equal to such deficiency, or (z) exceeds the Estimated Target Working Capital, the Closing Cash Consideration shall be increased by an amount equal to such excess.


More Definitions of Estimated Target Working Capital

Estimated Target Working Capital means the dollar value equal to the difference between (a) the product of (i) 1.21 and (ii) the dollar value of Current Liabilities (excluding short-term Unearned Revenue) minus (b) the dollar value of Current Liabilities (excluding short-term Unearned Revenue), in each case as at Prior Month End and as set forth on the PME Statement. Notwithstanding the foregoing, Current Liabilities shall exclude all accrued items related to Taxes (including deferred Tax items) other than Taxes that will be Assumed Taxes if included on the ICS Business Closing Date Balance Sheet.
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Estimated Target Working Capital means an amount equal to the Company's average Working Capital, calculated as the average of the Working Capital as at the end of each of the six calendar months immediately preceding the Pre-Notice Date, delivered by SB to the Optionee pursuant to Section 4(b)(iii).
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Related to Estimated Target Working Capital

  • Target Working Capital means $0.

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • Target Net Working Capital means $0.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Target Working Capital Amount means $75,000,000.

  • Target Net Working Capital Amount means $5,000,000.

  • Net Working Capital Target means $0.00.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Working Capital Target means $0.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Working Capital Adjustment has the meaning set forth in Section 2.5(a).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Actual Working Capital has the meaning set forth in Section 2.7(a).