Examples of Final Net Working Capital Amount in a sentence
Within the later of (i) the completion of the audited financial statements of the Company for the year ended December 31, 2020 or (ii) ninety (90) days after the Closing Date, Parent shall prepare and deliver to the Stockholder Representative a statement (the “Closing Working Capital Statement”), setting forth its proposed calculation of the Final Net Working Capital Amount utilizing Schedule 2.17, and any resulting Net Working Capital Deficit or Net Working Capital Surplus.
To the extent Parent does not object within the time period contemplated by this Section 2.08(a) to a matter in the statement of the Proposed Closing Cash or the Proposed Final Net Working Capital Amount prepared and submitted by Spinco, Parent shall be deemed to have accepted Spinco’s calculation and presentation in respect of the matter and the matter shall not be considered to be in dispute.
Any employee shall have the right to consideration of any request he/she may have with respect to the application of the classification and compensation plans to his/her position.
Promptly after joint engagement of the Unaffiliated Accounting Firm, Parent and Spinco shall provide the Unaffiliated Accounting Firm with a copy of this Agreement, the Accounting Principles, Spinco’s Proposed Statement, Spinco’s statement of the Proposed Closing Cash and the Proposed Final Net Working Capital Amount (as applicable) and Parent’s written notice of objections thereto.
If the Final Net Working Capital Amount is greater than the Estimated Net Working Capital Amount, then the difference between the Final Net Working Capital Amount, minus the Estimated Net Working Capital Amount shall be referred to as a “Reviewed Net Working Capital Overage”.