Net Working Capital Surplus definition

Net Working Capital Surplus means the amount by which the Net Working Capital is greater than the Net Working Capital Target.

Net Working Capital Surplus has the meaning set forth in Section 7.6.2 below.

Net Working Capital Surplus means the amount by which the Final Closing Net Working Capital is greater than the sum (i) the Net Working Capital Target, plus (ii) the Surplus Collar Amount; provided that if the difference between the Final Closing Net Working Capital and the Net Working Capital Target is less than or equal to the Surplus Collar Amount, the Net Working Capital Surplus shall be deemed to be $0. By way of illustration, if the Final Closing Net Working Capital is $17,420,000.00, the Net Working Capital Surplus is $1,220,000.00.

Examples of Net Working Capital Surplus in a sentence

• Per Section 1.2(e), the Net Working Capital Surplus Amount will be allocated among the Acquired Shares and the Individuals in the same percentages as the Closing Payment is allocated among such Acquired Shares and the Individuals and be paid by wire transfer of immediately available funds to the Individuals’ Accounts.

• For clarity, the process set forth in this Section 2.4 shall be the exclusive remedy of Parent for disputes related to calculation of the Company Closing Debt, Company Net Working Capital Surplus (if any) and Company Net Working Capital Shortfall (if any), the Parent Post-Closing Statement, the Notice of Objection and any amounts set forth therein.

• Within the later of (i) the completion of the audited financial statements of the Company for the year ended December 31, 2020 or (ii) ninety (90) days after the Closing Date, Parent shall prepare and deliver to the Stockholder Representative a statement (the “Closing Working Capital Statement”), setting forth its proposed calculation of the Final Net Working Capital Amount utilizing Schedule 2.17, and any resulting Net Working Capital Deficit or Net Working Capital Surplus.

• If there is an Estimated Net Working Capital Surplus, the Purchase Price shall be increased by the amount of such Estimated Net Working Capital Surplus.

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More Definitions of Net Working Capital Surplus

Net Working Capital Surplus shall have the meaning set forth in Section 1.4.

Net Working Capital Surplus means the amount, if any, by which the Net Working Capital as finally determined in accordance with Section 2.6 is greater than the Estimated Net Working Capital.

Net Working Capital Surplus means the amount by which Net Working Capital as of the close of business on the Closing Date is greater than the Target Net Working Capital amount.

Net Working Capital Surplus means the amount, if any, by which the Net Working Capital as set forth on the Closing Date Balance Sheet exceeds 110% of the Estimated Net Working Capital.

Net Working Capital Surplus means the amount, if any, by which the Net Working Capital is greater than the Upper Net Working Capital Target.

Net Working Capital Surplus means the amount, if any, by which the Estimated Net Working Capital Amount exceeds the Final Net Working Capital Amount.

Net Working Capital Surplus of a Group Company shall mean in the case of Maintenance, 45%, and, in the case of Energy, 55%, of the amount, if any, by which the aggregate Net Working Capital of the Group Companies (taken together) is greater than the Target Working Capital.