Estimated Working Capital Deficit definition

Estimated Working Capital Deficit means the amount, if any, by which the Target Working Capital is greater than the Estimated Working Capital as set forth on the Closing Date Financial Statement.

Estimated Working Capital Deficit has the meaning set forth in Section 1.3(a).

Estimated Working Capital Deficit means the amount, if any, that the Estimated Closing Date Net Working Capital is less than the Target Net Working Capital.

Examples of Estimated Working Capital Deficit in a sentence

• The Closing Payment to be paid at Closing shall also be reduced by the amount of the Estimated Working Capital Deficit, if any, or increased by the amount of the Estimated Working Capital Surplus, if any.

• The aggregate cash amount to be paid for the Shares by the Purchaser at Closing (the “Closing Payment”) shall be an amount equal to (a) $825,000,000 (the “Purchase Price”), plus (b) the Estimated Working Capital Surplus, if any, minus (c) the Estimated Working Capital Deficit, if any.

• Not less than two (2) Business Days before the Closing Date, the Shareholder shall deliver to the Purchaser a statement (the “Closing Date Statement”), signed by the Vice President of Finance of the Shareholder, which sets forth the Shareholder’s good faith best estimate of (A) the Net Working Capital (the “Estimated Working Capital”), and (B) the Estimated Working Capital Surplus, if any, or the Estimated Working Capital Deficit, if any.

• If the Final Working Capital Ratio is greater than the Estimated Working Capital Ratio, the Purchase Price shall be increased if the calculation pursuant to Section 2.4 would have been subject to adjustment, provided, however, any such increase shall not exceed the amount of the Estimated Working Capital Deficit.

• The aggregate cash amount to be paid by the Buyer at the Closing shall be Two Hundred Forty Million Dollars ($240,000,000), less any Estimated Working Capital Deficit or plus any Estimated Working Capital Surplus pursuant to Section 3.6.2.3 (such net amount being referred to herein as the "Cash Equity Amount").

More Definitions of Estimated Working Capital Deficit

Estimated Working Capital Deficit means Seller’s good faith estimate of the Working Capital Deficit (if any) based on the Estimated Closing Working Capital.

Estimated Working Capital Deficit means the amount, if any, by which the Estimated Working Capital is less than $22,500,000.

Estimated Working Capital Deficit means the excess, if any, of (i) Target Working Capital, over (ii) the Estimated Working Capital.

Estimated Working Capital Deficit shall have the meaning set forth in Section 2.9(c).

Estimated Working Capital Deficit means the amount, if any, by which the Target Working Capital exceeds the sum of the Estimated Working Capital Statement plus the amount of Cash retained by the Company pursuant to Section 1.5.

Estimated Working Capital Deficit means the estimate of the Company as of the Closing Date of the amount calculated by subtracting the total liabilities of the Company transferred in the Subject Business from the current assets of the Company transferred in the Subject Business, specifically to include any cash held as security for the letter of credit securing the Deerfield Beach Lease, both as reflected on the Pre-Closing Balance Sheet.

Estimated Working Capital Deficit. Section 1.2(d)