Excess Net Working Capital definition

Excess Net Working Capital shall have the meaning set forth in Section 2.4.

Excess Net Working Capital is defined in Section 2.5.

Excess Net Working Capital means the amount, if any, by which Closing Net Working Capital exceeds $105,000.00.

Examples of Excess Net Working Capital in a sentence

• 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 aggregate purchase price for all of the Purchased Interests (the “Purchase Price”) shall consist of cash in an amount equal to (a) Thirty Nine Million Two Hundred Seventy Four Thousand Three Hundred Ninety Three Dollars ($39,274,393) (the “Base Purchase Price”) plus (b) 50.1% of the Final Excess Net Working Capital Amount.

• To the extent the Net Working Capital Balance Certificate shows that there exists any Excess Net Working Capital, such Excess Net Working Capital shall be paid by Buyer into the Escrow Account (up to and including the amount of $200,000 with any remaining additional balance, if any, to be paid into the Escrow Account as accounts receivable are realized).

• If the Closing Net Working Capital exceeds the sum of (i) the Net Working Capital Target plus (ii) $250,000, then Purchaser will promptly (but in no event more than five Business Days) pay to the Company (by wire transfer of immediately available funds) an amount equal to such excess (but only, for the avoidance of doubt, if a positive number) (the "Excess Net Working Capital Payment").

More Definitions of Excess Net Working Capital

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.

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 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 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 is defined in Section 2.4(d)(ii) of this Agreement.

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

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