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;
Estimated Target Working Capital has the meaning given to it in Section 2.03(a).
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).
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. Section 2.4(a)
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.