Interim Working Capital definition

Interim Working Capital has the meaning set forth in Section 3.2(a)(i).

Interim Working Capital means the amount by which the Company’s Current Assets exceed Current Liabilities, each as reflected on the Interim Balance

Interim Working Capital means the amount by which the Company’s Current Assets exceed Current Liabilities, each as reflected on the Interim Balance Sheet.

Examples of Interim Working Capital in a sentence

• Except as set forth on Schedule 2.14, to Seller's Knowledge all accounts receivable of the Business that are reflected on the Interim Working Capital Statement (collectively, the "Accounts Receivable") to the extent outstanding as of the Adjustment Date represent valid obligations arising from sales actually made or services actually performed in the ordinary course of the Business.

• In the event the sum of Working Capital Initial Payment plus the Interim Working Capital Payment exceeds the Closing Working Capital set forth on the Final Closing Statement, Seller shall, within such five (5) day period, repay the amount of such excess in cash to Buyer.

• If the Target Net Working Capital exceeds the Estimated Net Working by an amount greater than $350,000 and Sellers do not elect to terminate this Agreement pursuant to Section 12(a)(vii) hereof, then the Purchase Price shall be decreased by an amount equal to (x) the amount by which the Target Net Working Capital exceeds the Estimated Net Working Capital minus (y) $350,000 (the "Interim Working Capital Deficiency").

• The Closing Statement sent by Buyer pursuant to Section 2.3(b) shall be accompanied by a check in the amount by which the Closing Working Capital as set forth in such statement exceeds the amount of the Working Capital Initial Payment paid by Buyer pursuant to Section 2.3(a) ("Interim Working Capital Payment").

• If the Actual Working Capital is determined to be more than the Interim Working Capital, the Buyer shall promptly pay to Seller the amount of such surplus in cash by wire transfer of immediately available funds.

• The Interim Working Capital Statement, with respect to the Assets and the Assumed Liabilities, presents fairly in all material respects, the working capital of the Business as of its date and, to the extent possible, was prepared on a consistent basis with the other Financial Statements.

• Lender agrees to lend to Borrower an Interim Working Capital Loan of an amount not less than $250,000 according to this agreement.

• In addition, in the event that there is an Interim Working Capital Excess, Buyer shall pay to Sellers at the Closing by wire transfer to such bank accounts designated by Sellers an amount equal to the Interim Working Capital Excess.

• Within five (5) days following the agreement on the Final Closing Balance Sheet and the final determination of Closing Working Capital, Buyer shall pay to Seller in cash the amount by which the Closing Working Capital set forth in the Final Closing Statement exceeds the sum of the Working Capital Initial Payment plus the Interim Working Capital Payment.

• The Interim Working Capital Amount shall be included in the amount payable by Buyer to Seller on the Closing Date pursuant to Section 2.2(c).

More Definitions of Interim Working Capital

Interim Working Capital as defined in Section 2.9(a).

Interim Working Capital has the meaning specified in Section 2.02(b).

Interim Working Capital means $2,415,076, the calculation of which is set forth on Schedule 1.1-B hereto.

Interim Working Capital has the meaning set forth in Section Error! Reference source not found..

Interim Working Capital shall have the meaning specified in Section 2.2(b)(i).