Net Working Capital Certificate definition

Net Working Capital Certificate has the meaning set forth in Section 6.3(m).

Net Working Capital Certificate means a certificate executed by the Chief Executive Officer of Company, certifying the estimated amount of Net Working Capital (including (i) an itemized list of indebtedness of Company with a description of the nature of such indebtedness and the Person to whom such indebtedness is owed, (ii) an itemized list of Company’s consolidated current assets, and (iii) an itemized list of Company’s consolidated current liabilities).

Net Working Capital Certificate means a certificate executed by the Chief Executive Officer of the Company dated as of the Closing Date, certifying the amount of Net Working Capital.

Examples of Net Working Capital Certificate in a sentence

• The “Closing Net Working Capital Adjustment” shall mean the difference between the Preliminary Net Working Capital in the Preliminary Net Working Capital Certificate given pursuant to Section 1.2(c)(i) and the Target Net Working Capital (the “Adjustment Amount”).

• The amount of any deficiency between the amount shown for (A) Company Net Working Capital on the Audited Company Net Working Capital Certificate and (B) $55.0 million is referred to herein as the "Audit Adjustment".

• Under EMIR, parties which are under such an obligation undertake to put in place procedures and steps to measure, monitor and mitigate operational and credit risks to cover (i) the reporting of transactions, (ii) portfolio reconciliation, compression and dispute resolution,(iii) daily valuation of transactions and (iv) timely, accurate and appropriately segregated exchange of collateral(Articles 11.9 to 11.12).

• The Company shall prepare and deliver to Acquiror at or prior to the Closing the Closing Expenses Certificate and the Company Net Working Capital Certificate.

• Any unpaid Transaction Expenses of Company which are (i) reflected as a liability in the Net Working Capital Certificate and (ii) invoiced to Company at least two business days prior to the Closing Date (with a copy of such invoice(s) provided by Company to Acquirer at least two business days prior to the Closing Date), shall be paid by check or wire transfer by Acquirer to the third parties named on such invoice(s) on the Closing Date.

More Definitions of Net Working Capital Certificate

Net Working Capital Certificate means a certificate delivered by an officer of the Company, certifying the Estimated Net Working Capital as set forth on the Closing Statement, and the amount, if any, by which (i) Estimated Net Working Capital exceeds the Target Net Working Capital or (ii) the Estimated Net Working Capital is less than the Target Net Working Capital.

Net Working Capital Certificate means a certificate delivered by an officer of the Company, certifying the Estimated Net Working Capital, Estimated Cash, Estimated Transaction Expenses and Estimated Debt as set forth on the Closing Statement, and the amount, if any, by which (a) Estimated Net Working Capital exceeds the Target Net Working Capital or (b) the Estimated Net Working Capital is less than the Target Net Working Capital.

Net Working Capital Certificate shall have the meaning set forth in Section 3.2(c).

Net Working Capital Certificate has the meaning set forth in Section 2.8(c).

Net Working Capital Certificate shall have the meaning given to such term in Section 3.3.3.

Net Working Capital Certificate means a certificate in form and substance reasonably satisfactory to the Parent, dated as of the Closing Date and duly executed and delivered by the Company, certifying that the Net Working Capital of the Company is at least $5,000,000.

Net Working Capital Certificate means a certificate executed by an officer of Target dated as of the Closing Date certifying the amount of the Net Working Capital.