Examples of Modified Working Capital in a sentence
For the avoidance of doubt, amounts included in the determination of Closing Net Indebtedness, Closing Transaction Expenses and Pension Plan Purchase Price Adjustment shall be excluded from the determination of the Modified Working Capital.
The purchase price (the “Purchase Price”) shall be (i) $114,566,000 less the Continuing Indebtedness Outstanding and the Debt to be Repaid, plus (ii) an amount equal to the Retained Cash plus (iii) an amount (which amount may be positive or negative) (the “Adjustment Amount”) equal to the Closing Date Modified Working Capital (as defined in Section 2.5(b)) minus the Reference Modified Working Capital (as defined in Section 2.5(a)).
The obligations created hereunder shall not be considered for purposes of calculation of Closing Date Modified Working Capital.
If the Modified Working Capital as determined using the Closing Balance Sheet is less than zero, the Non-Cash Amount shall be reduced by the amount of any such deficit.
For the avoidance of doubt, amounts included in the determination of Closing Net Indebtedness and Closing Transaction Expenses shall be excluded from the determination of the Modified Working Capital.