Examples of Reference Net Working Capital Amount in a sentence
If (A) the sum of (1) Closing Date Net Working Capital Amount, plus (2) the Collected Receivables Amount as finally determined pursuant to this Section 2.3, minus the Happy Xxxxx Impairment (if any) is less than (B) the Reference Net Working Capital Amount, the Members’ Representative, on behalf of the Company Members, shall cause such shortfall to be paid to the Emdeon Entities out of the Escrowed Consideration pursuant to this Section 2.3(a)(v) and the Escrow Agreement.
Reference Net Working Capital Amount" shall have the meaning assigned that term in Section 2.8(e).
In no event shall such approval and action obligate WCPSS to anyone other than the contractor and the contractor shall remain responsible for fulfillment of all contract obligations.
If the Final Net Working Capital Amount is less than the Reference Net Working Capital Amount, the Purchase Price payable will be decreased and the Seller will pay the Purchaser the amount of such decrease plus interest on such decrease from the Closing Date to the date of payment at a rate of interest equal to the prime rate announced by PNC Bank as in effect from time to time.
The Closing Date Balance Sheet shall be prepared in accordance with GAAP and in a manner consistent with the calculation of the Reference Net Working Capital Amount as set forth on Annex A.