Estimated Working Capital Surplus definition
Estimated Working Capital Surplus means the extent to which the Estimated Closing Date Working Capital exceeds the Target Working Capital.
Estimated Working Capital Surplus means the amount, if any, by which (i) the Estimated Working Capital is greater than (ii) the Target Working Capital Amount.
Estimated Working Capital Surplus has the meaning set forth in Section 2.6(a).
Examples of Estimated Working Capital Surplus in a sentence
No fewer than three (3) Business Days prior to the anticipated Closing Date, Seller shall prepare and deliver to Purchaser, a statement (the “Pre-Closing Statement”), setting forth Seller’s good faith estimate, together with reasonable supporting detail, of (a) Working Capital (the “Estimated Working Capital”), (b) the Estimated Working Capital Surplus (if any) and the (c) Estimated Working Capital Deficit (if any), which amounts shall be used to determine the calculation of the Closing Date Payment.
More Definitions of Estimated Working Capital Surplus
Estimated Working Capital Surplus means the amount, if any, by which the Target Working Capital is less than the Estimated Working Capital as set forth on the Closing Date Financial Statement.
Estimated Working Capital Surplus shall have the meaning specified in Section 2.3(b).
Estimated Working Capital Surplus means the amount, if any, by which the Estimated Net Working Capital exceeds the Target Net Working Capital.
Estimated Working Capital Surplus or “Estimated Working Capital Deficiency,” respectively). The Closing Balance Sheet shall be prepared by Contributor in accordance with this Agreement in a manner consistent with, and using the same principles, policies, methods and practices used in, the preparation of the Financial Statements, except that it shall give effect to the Pre-Closing Transfers.
Estimated Working Capital Surplus means the amount of the Working Capital Surplus, if any, as estimated by Nexus and set forth in the Estimated Closing Statement and, if applicable, as adjusted, pursuant to Section 2.8(a).
Estimated Working Capital Surplus is defined in Section 2.6(a). Excluded Assets is defined in Section 2.4(b). Excluded Liabilities is defined in Section 2.5(b).
Estimated Working Capital Surplus means the estimated Working Capital Surplus of the Company as of 11:59 p.m. Eastern time on the Business Day immediately preceding the Closing Date, as set forth on the Closing Certificate delivered to Purchaser pursuant to Section 2.05.