Net Working Capital Statement definition

Net Working Capital Statement has the meaning set forth in Section 2.8(a).

Net Working Capital Statement shall have the meaning set forth in Section 3.3(a).

Net Working Capital Statement shall have the meaning set forth in Section 1.5(a).

Examples of Net Working Capital Statement in a sentence

• The Purchase Price Adjustment described in this Section 1.7 shall be based on the Closing Date Net Working Capital Statement as adjusted to take into account the Independent Accounting Firm’s determinations of those matters that are in controversy.

• If Buyer and Seller cannot agree on appropriate changes to be made to the Closing Date Net Working Capital Statement within ten days after the delivery of Seller’s objection notice to the Closing Date Net Working Capital Statement, then Buyer and Seller shall submit the Closing Date Net Working Capital Statement, along with the written objections of Buyer and Seller, to the Independent Accounting Firm.

• Buyer and Seller shall make readily available to the Independent Accounting Firm all relevant books and Records, any work papers (including those of the Parties’ respective principal accountants, to the extent permitted by such accountants) relating to the Closing Date Net Working Capital Statement, Schedule 1.7(a) and the objections of Buyer and Seller and all other items reasonably requested by the Independent Accounting Firm in connection therewith.

• The Accountant shall be charged with determining as promptly as practicable, but in any event within 30 days after the date on which such dispute is referred to the Accountant, whether Net Working Capital as set forth in the Net Working Capital Statement was prepared in accordance with this Agreement and (only with respect to the disagreements as to the items set forth in the notice of disagreement and submitted to the Accountant) whether and to what extent, if any, Net Working Capital requires adjustment.

• If Seller has not given any notice of objection with respect to the Closing Date Net Working Capital Statement within 60 days after its delivery by Buyer, then the calculation of Adjusted Net Working Capital described in this Section 1.7 shall be based on the Closing Date Net Working Capital Statement.

More Definitions of Net Working Capital Statement

Net Working Capital Statement means a statement of the Net Working Capital of the Business, setting forth in reasonable detail the Assumed Payables, the Purchased Inventory and the Purchased Receivables as of 12:01 a.m. Eastern Time on the Closing Date, prepared in good faith by the Company and in substantially the form and containing substantially the line items set forth in the example calculation attached hereto as Schedule 1.1(d), with all amounts therein to be calculated in accordance with the accounting methodologies, principles and judgments applied in the preparation of the example calculation contained on Schedule 1.1(d).

Net Working Capital Statement has the meaning given such term in Section 2.6(d).

Net Working Capital Statement means the statement as the Completion Date in the form set out in Part 4 of Schedule 9 which is to be prepared in accordance with the provisions of and on the basis set out in Parts 1 and 2 of that Schedule;

Net Working Capital Statement means the statement in the form set out in Part 3 of Schedule 7 to be prepared by the Purchaser and to be agreed or determined in accordance with Schedule 7;

Net Working Capital Statement has the meaning given in paragraph 1.4 of Schedule 6 (Completion Accounts);

Net Working Capital Statement has the meaning set out in paragraph 1.1 of Schedule 9; Off-the-Shelf Software: all standard office application software used by the Company, including word processing, email, calendar, customer relationship management, spreadsheet and database functions; Parties: the parties to this Agreement, and each a “Party”;

Net Working Capital Statement has the meaning given to it in paragraph 5(d) below.