Examples of Form Working Capital Statement in a sentence
The parties hereto have contemplated that the Company will have Working Capital as of the Closing (the “Closing Working Capital”), as calculated in accordance with this Agreement and in accordance with and as set forth on the Form Working Capital Statement attached hereto as Schedule 1.7, of at least $0.00 (the “Working Capital Target”).
The Estimated Working Capital and Estimated Long-Term Debt Balance shall be determined in accordance with this Agreement, including Schedule 2.11 and Section 2.11(c), and, in the case of Estimated Working Capital, shall be in the same form as the Form Working Capital Statement.
The computation of Estimated Working Capital set forth in the Initial Closing Date Certificate and the Estimated Closing Date Balance Sheet shall be prepared in accordance with and in a manner consistent with the Form Working Capital Statement and the procedures, practices, methodologies and standards as set forth, subject to, and in the manner described, reflected or implicit therein.
SPECIFIC WORKING CAPITAL POLICIES The balance of the Selected Assets and Selected Liabilities as indicated on the Form Working Capital Statement are determined in accordance with GAAP by application of the Significant Accounting Policies outlined above.
The parties contemplate that the Company will have Working Capital as of the Closing (the “Closing Working Capital”), as calculated in accordance with this Agreement and in accordance with and as set forth on the Form Working Capital Statement attached hereto as Schedule 1.4 of $2,875,000 (the “Working Capital Target”).
The Parties contemplate that Iris will have Working Capital on the Closing Date (the “Iris Closing Working Capital”), as calculated in accordance with this Agreement and in accordance with and as set forth on the Form Working Capital Statement attached hereto as Schedule 2.06(a) (the “Iris Form Working Capital Statement”), of negative Fourteen Million Seven Hundred Fifty Thousand Dollars (($14,750,000)) (the “Iris Working Capital Target”).
The computation of Estimated Working Capital set forth in the Initial Closing Date Certificate and the Estimated Closing Date Balance Sheet shall be prepared in accordance with GAAP and in a manner consistent with the Form Working Capital Statement and the procedures, practices, methodologies and standards as set forth, subject to, and in the manner described, reflected or implicit therein.
The inventories of the Company and its Subsidiaries on a consolidated basis are fairly reflected in accordance with IFRS in the Form Working Capital Statement, which is true for and as of September 30, 2010 and since that date there have been no changes in the inventories other than in the ordinary course of business consistent with past practice.
By: /s/ Dxxxx Xxxxxxx Name: Dxxxx Xxxxxxx Title: President and Chief Executive Officer (Signature Page to Agreement and Plan of Merger) STOCKHOLDERS’ REPRESENTATIVE: SHAREHOLDER REPRESENTATIVE SERVICES LLC, solely in its capacity as the Stockholders’ Representative By: /s/ Kxx Xxxxxx Name: Kxx Xxxxxx Title: Director (Signature Page to Agreement and Plan of Merger) EXHIBIT A DISCLOSURE SCHEDULE (see attached) EXECUTION VERSION Schedule 1.1(a) Form Working Capital Statement See attached.
The parties hereto have contemplated that the Company will have net working capital as of the Closing (the “Closing Net Working Capital”), as calculated in accordance with this Agreement and in accordance with and as set forth on the Form Working Capital Statement attached hereto as Schedule 1.9 (the “Form Working Capital Statement”) of seven million US Dollars ($7,000,000) (the “Net Working Capital Target”).