Estimated Working Capital Adjustment definition

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 Working Capital Adjustment shall have the meaning specified in Section 3.4(b).

Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater than the relevant Normalised Working Capital Target (in which case it will be added to the Bid Amount for the purposes of Clause 7.3) or by which it is less than the relevant Normalised Working Capital Target (in which case it will be deducted from the Bid Amount for the purposes of Clause 7.3);”;

Examples of Estimated Working Capital Adjustment in a sentence

• If the Estimated Net Receivables Amount plus the Estimated Inventory Value (the "Estimated Working Capital Amount") is less than $450 million, then Buyer may, at Buyer's election, reduce the Cash Consideration to be paid to Sellers at the Closing by the amount of such shortfall (the "Estimated Working Capital Adjustment").

• Any Working Capital Adjustment resulting from this Section 3.4(e) shall be offset by any reduction to the Purchase Price made at the Closing based on the Estimated Working Capital Adjustment.

• During the preparation and calculation of the Estimated Closing Date Net Indebtedness and Estimated Working Capital Adjustment, Seller shall, and shall cause its Subsidiaries, to afford Purchaser a reasonable opportunity to review the preparation of Estimated Closing Date Net Indebtedness and Estimated Working Capital Adjustment.

• To the extent that the actual receivables collected by Buyer during the ninety (90) days following Closing is less than the amount given to Seller from Buyer as a credit on the Estimated Working Capital Adjustment, the Actual Working Capital Adjustment shall reflect the receivables amount used in the Estimated Working Capital Adjustment and there shall be no reduction for the same.

• APPLICATION CHECKLISTPlease make sure all required elements are included in your application/proposal.

More Definitions of Estimated Working Capital Adjustment

Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

Estimated Working Capital Adjustment means an amount equal to the difference (which may be positive or negative) between Estimated Net Working Capital and Target Net Working Capital.

Estimated Working Capital Adjustment means Estimated Working Capital, minus Target Working Capital.

Estimated Working Capital Adjustment means the amount, which may be positive or negative, equal to the Estimated Working Capital minus the Net Working Capital Peg; provided, however, that there shall be no Estimated Working Capital Adjustment if the Estimated Working Capital is within the range of 99% to 101% of the Net Working Capital Peg.

Estimated Working Capital Adjustment has the meaning set forth in Section 2.7(a).

Estimated Working Capital Adjustment is defined in Section 1.4(a).

Estimated Working Capital Adjustment means an amount (which may be positive or negative) equal to: