Final Working Capital Statement definition

Final Working Capital Statement has the meaning set forth in Section 2.04.

Final Working Capital Statement means a written statement (a) setting forth Final Working Capital, the Final Working Capital Increase or Final Working Capital Decrease, as applicable, and the Post-Closing Adjustment and (b) indicating any changes to the Estimated Working Capital Statement as finally determined pursuant to Section 3.05.

Final Working Capital Statement shall have the meaning set forth in Section 2.5(b).

Examples of Final Working Capital Statement in a sentence

• Grantor shall have 30 days to review the Final Working Capital Statement and supporting documentation and shall have reasonable access to the books, records and personnel of Grantee and NNGC for purposes of verifying the accuracy of the calculation of Final Working Capital.

• All claims for indemnification pursuant to this Article 10 including with respect to the Final Working Capital Statement, shall be made in accordance with the provisions of the Escrow Agreement so long as it is by its terms applicable.

• Except as provided in the preceding sentence, all amounts set forth on the Final Working Capital Statement shall be determined in accordance with GAAP on a basis consistent with the accounting principles used in connection with determining the Estimated Working Capital.

• Except as otherwise provided herein, any payment of the Post-Closing Adjustment shall (A) be due (x) within ten (10) Business Days of acceptance of the Final Working Capital Statement or (y) if there are Disputed Amounts, then within ten (10) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed in writing by Buyer or Seller, as the case may be.

• Seller and the Company shall provide Buyer and its designees with reasonable access to the Company’s officers, auditors, and the Company’s Accountants, as well as access to the work papers, books and records and all other materials used in connection with the preparation of the Final Working Capital Statement.

More Definitions of Final Working Capital Statement

Final Working Capital Statement means the final and binding statement setting forth the Closing Date Working Capital Amount prepared in accordance with the principles, and including only the line items, set forth on Schedule 2.07.

Final Working Capital Statement has the meaning given to that term in Section 3.3(b).

Final Working Capital Statement shall be (i) the Closing Working Capital Statement in the event that no Objection is delivered by PCA or Newco during the 30-day period specified above, or (ii) the Closing Working Capital Statement, as adjusted by either (x) the agreement of TPI, PCA and Newco or (y) the CPA Firm.

Final Working Capital Statement shall be (i) the Preliminary Working Capital Statement in the event that (x) the Buyer's Working Capital Objection is not delivered to Sellers in the period set forth in Section 2.04(a)(ii) hereof or (y) Sellers and Buyer so agree; or (ii) the Preliminary Working Capital Statement, as adjusted by either (x) the agreement of Sellers and Buyer or (y) the CPA Firm.

Final Working Capital Statement setting forth the Net Working Capital as of the close of business on the Closing Date (the “Final Working Capital”) and Cash on Hand as of the close of business on the Closing Date (the “Final Cash on Hand”). The Final Working Capital Statement shall be prepared in accordance with the same accounting principles, practices, methodologies and policies used in the preparation of the Working Capital Statement.

Final Working Capital Statement is defined in Section 2.5(b).

Final Working Capital Statement means the net working capital statement that sets forth the Current Assets and the Current Liabilities (including the Current Assets and the Current Liabilities related to the Retained Franchises, if any) as of the Closing Time, prepared, or caused to be prepared, by the Buyer in accordance with Section 2.9(d) hereof and, in the event of a Seller’s Working Capital Objection, as adjusted by agreement of the Buyer and the Seller, or by the CPA Firm, acting pursuant to Section 2.9(f).