Net Working Capital Adjustment Amount definition

Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

Net Working Capital Adjustment Amount means the difference between (a) Net Working Capital and (b) the Net Working Capital Target.

Examples of Net Working Capital Adjustment Amount in a sentence

• If the Estimated Closing Net Working Capital is greater than the Net Working Capital Target, then such excess shall be paid to Sellers at Closing (such increase is referred to as the "Estimated Positive Net Working Capital Adjustment Amount").

• If the Sellers fail to deliver the Statement of Objections within the Review Period, the Closing Date Financial Statements shall be deemed to have been accepted by the Sellers and the Final Net Working Capital, reflected in the Closing Date Financial Statements shall be used in computing the Final Net Working Capital Adjustment Amount.

• Within five (5) Business Days of the final determination of the Closing Date Financial Statements (and the Final Net Working Capital included therein), the Buyer or Sellers, as applicable, shall pay, or cause to be paid, the Final Net Working Capital Adjustment Amount.

• Within 90 days following the Closing Date, the Buyer shall prepare and deliver to the Seller a written statement (the “Closing Statement”) setting forth the Buyer’s determination of Net Working Capital and the Net Working Capital Adjustment Amount, in each case, determined in accordance with the Balance Sheet Rules.

• If the Final Net Working Capital Adjustment Amount is less than the Estimated Net Working Capital Adjustment Amount, then the Seller shall promptly (but in any event within five (5) Business Days following the determination of the Final Net Working Capital Adjustment Amount) deliver to the Buyer, the amount of such shortfall by wire transfer of immediately available funds to one or more accounts designated by the Buyer in writing.

More Definitions of Net Working Capital Adjustment Amount

Net Working Capital Adjustment Amount has the meaning set forth in Section 2.07(f).

Net Working Capital Adjustment Amount means the Net Working Capital less the Net Working Capital Target, which may be a positive or negative dollar amount.

Net Working Capital Adjustment Amount means an amount equal to (a) forty-five percent (45%) of an amount equal to Net Working Capital minus (b) $1,500,000, expressed as a positive number, if positive, and as a negative number, if negative.

Net Working Capital Adjustment Amount means the amount, if any, by which (i) $150,000 exceeds (ii) the sum of (x) the Closing Date Net Working Capital plus (y) $400,000.

Net Working Capital Adjustment Amount has the meaning set forth in Section 2.4(c).

Net Working Capital Adjustment Amount means, as of the open of business on the Closing Date, (i) the amount by which Net Working Capital is greater than Target Working Capital or (ii) the amount by which Net Working Capital is less than Target Working Capital; provided that any amount which is calculated pursuant to clause (ii) shall be deemed to be a negative number.

Net Working Capital Adjustment Amount means (a) if the Closing Date Net Working Capital is less than $125,000,000, the amount by which such Closing Date Net Working Capital is less than $125,000,000 (in which case the Net Working Capital Adjustment Amount shall be deemed to be a negative number for purposes of calculating Final Purchase Price in each case under this Agreement), or (b) if the Closing Date Net Working Capital is greater than $129,000,000, the amount by which such Closing Date Net Working Capital is greater than $129,000,000 (in which case the Net Working Capital Adjustment Amount shall be deemed to be a positive number for purposes of calculating Final Purchase Price in each case under this Agreement); it being understood that if the Closing Date Net Working Capital is equal to or greater than $125,000,000 but less than or equal to $129,000,000, then the Net Working Capital Adjustment Amount shall be $0.