Initial Working Capital Statement definition

Initial Working Capital Statement has the meaning set forth in Section 1.7(a).

Initial Working Capital Statement means a statement setting forth the Purchaser’s determination of the Closing Working Capital prepared using the same accounting policies, principles and methodologies as used in the preparation of, the Reference Balance Sheet.”

Initial Working Capital Statement means a statement prepared pursuant to Schedule 5.01 setting forth TDCC’s determination of the Working Capital Amount.

Examples of Initial Working Capital Statement in a sentence

• The unaudited Working Capital Statement shall be prepared by the Seller using the same accounting principles, procedures, policies and methods that were used to prepare the Initial Working Capital Statement.

• In simple terms, biodiversity is commonly referred to as the "variety and variability of all species of plants, animals and microorganisms, and their ecosystems" (Hubbard 1997).

• If the Purchaser timely delivers a Notice of Disagreement, only those matters specified in such Notice of Disagreement shall be deemed to be in dispute (the “Disputed Items”), and all other matters included in the Initial Working Capital Statement shall be final and binding upon the parties hereto.

• If Spinco delivers to TDCC a Notice of Acceptance, or if Spinco does not deliver a Notice of Disagreement in accordance with this Section 5.01(d) on or before the Objection Deadline Date, then, effective as of the earlier of the date of delivery of such Notice of Acceptance and the Objection Deadline Date, the Initial Working Capital Statement shall be deemed to be the Final Working Capital Statement.

• The Seller and the Purchaser agree that the procedure set forth in this Section 2.08(d) for resolving disputes with respect to the Initial Working Capital Statement shall be the sole and exclusive method for resolving any such disputes.

• If the Seller timely delivers a Notice of Disagreement, only those matters specified in such Notice of Disagreement shall be deemed to be in dispute (the “Disputed Items”), and all other matters included in the Initial Working Capital Statement shall be final, binding and conclusive upon the parties hereto.

• If no Notice of Disagreement is received by Buyer within such 20 Business Day period, then the Initial Working Capital Statement shall be deemed to have been accepted by Sellers shall become final and binding upon the parties and shall be the Final Working Capital Statement.

• With respect to each disputed line item, such determination, if not in accordance with the position of either Seller or Buyer, shall not be in excess of the higher, nor less than the lower, of the amounts advocated by Seller in the Notice of Disagreement or by Buyer in the Initial Working Capital Statement with respect to such disputed line item.

• If Spinco timely delivers a Notice of Disagreement in accordance with this Section 5.01(d), only those matters specified in accordance with this Section 5.01(d) in such Notice of Disagreement shall be deemed to be in dispute (the “Disputed Items”), and all other matters included in the Initial Working Capital Statement shall be final, binding and conclusive upon the parties hereto.

• The Initial Working Capital Statement shall be prepared in accordance with the Working Capital Principles applied consistently with their application in connection with the preparation of the Financial Statements and the Statement of Estimated Closing Working Capital.

More Definitions of Initial Working Capital Statement

Initial Working Capital Statement means a statement attached hereto as Schedule 2.2, stating the amount of the Working Capital as of the Lockdown Date prepared in accordance with GAAP as if the Business was conducted by the Company as a standalone entity, and including the supporting information required under Schedule 2.2.

Initial Working Capital Statement means a statement setting forth Purchaser’s good faith determination of the Working Capital Amount.