Excess Net Working Capital definition

Excess Net Working Capital has the meaning set forth in Section 2.6(b)(ii).

Excess Net Working Capital is defined in Section 2.5.

Excess Net Working Capital shall exist if, and to the extent that, Economic Closing Net Working Capital is greater than $11,500,000 ("Base Amount"). "Deficit Net Working Capital" shall exist if, and to the extent that, Economic Closing Net Working Capital is less than Base Amount.

Examples of Excess Net Working Capital in a sentence

• Surviving Corporation shall be responsible for the liabilities identified in this Section 2.6 to the extent, and only to the extent, of any Excess Net Working Capital.

• The aggregate consideration for the Purchased Assets (the "Purchase Price") will be the assumption of the Assumed Liabilities, together with the Excess Net Working Capital Payment (if any), which shall be paid as set forth in Section 3.3.

• The aggregate consideration for the Purchased Assets (the “Purchase Price”) will be the assumption of the Assumed Liabilities, together with the Excess Net Working Capital Payment (if any), which shall be paid as set forth in Section 3.3.

• The Balance Sheet Objections Statement will specify in reasonable detail each of Seller’s objections to the specific items in the Closing Balance Sheet (each such disputed item, a “Disputed Item”) and contain a statement setting forth in reasonable detail the calculation of Current Assets, Current Liabilities, and Net Working Capital immediately prior to the Effective Time and Seller’s good faith calculation of the resulting Net Working Capital Deficiency or Excess Net Working Capital, as the case may be.

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More Definitions of Excess Net Working Capital

Excess Net Working Capital means the amount, if any, by which Closing Net Working Capital exceeds $435,000.

Excess Net Working Capital is defined in Section 2.03(c)(i).

Excess Net Working Capital means the amount by which Net Working Capital of the Company as of the Effective Time, is greater than $1,178,000.

Excess Net Working Capital. Objection Notice," "Preliminary Closing Date Balance Sheet," "Preliminary Amounts," "Preliminary Closing Date Net Working Capital Amount," "Preliminary Deferred Maintenance Revenue Amount," Preliminary Deferred Turret Revenue Amount," "Preliminary Work-In-Process Amount," "Purchase Price", "Purchase Price Adjustment", "Resolution Period" and "Review Period" appearing in Appendix A of the Purchase Agreement are hereby deleted and the following definitions shall be inserted in Appendix A of the Purchase Agreement in the proper alphabetical order:

Excess Net Working Capital is defined in Section 2.4(d)(ii) of this Agreement.

Excess Net Working Capital means (a) the excess, if any, of (i) Current Assets as shown on the Final Closing Worksheets over (ii) Current Liabilities as shown on the Final Closing Worksheets, less (b) $5,000,000, which represents the target amount of working capital to be retained by Company LP following the Closing.

Excess Net Working Capital means the Closing Date Net Working Capital less the Closing Date Estimated Net Working Capital.