Statement of Closing Working Capital definition

Statement of Closing Working Capital has the meaning set forth in Section 3.4(a) below.
Sample 1
Statement of Closing Working Capital means a statement setting forth the Closing Working Capital as set forth in Section 1.6(a).
Sample 1Sample 2
Statement of Closing Working Capital has the meaning specified in Section 2.7(b).
Sample 1

Examples of Statement of Closing Working Capital in a sentence

  • The Independent Accountant shall issue a detailed written report that sets forth the resolution of all items in dispute and that contains, as applicable, a final Statement of Closing Working Capital, a final Statement of Closing Cash on Hand, a final Statement of Closing Indebtedness, and/or a final Statement of Transaction Expenses.

  • Buyer shall be deemed to accept all portions of the Statement of Closing Working Capital that are not set forth in such Dispute Notice.

  • The “Working Capital Adjustment Amount” shall equal the Final Statement of Closing Working Capital minus the Working Capital Target.

  • If Parent’s Auditor proposes no adjustments to the Preliminary Statement of Closing Working Capital, the Preliminary Statement of Closing Working Capital will become the “Final Statement of Closing Working Capital”, which shall be deemed to be final, conclusive and binding upon the parties.

  • The Preliminary Statement of Closing Working Capital, together with the adjustments proposed by Parent’s Auditor and agreed to by the Company Stockholder Representative, and the modifications determined by the Accounting Arbitrator to be necessary, shall be deemed to be the Final Statement of Closing Working Capital.

  • This event is considered an emergency condition, and therefore the Discharger is allowed to initiate transfer to the North Pit.

  • All inventory of the ENI Business, as reflected on the Statement of Closing Working Capital (net of any applicable reserve shown thereon), consists of a quality usable and saleable in the Ordinary Course of Business.

  • Parent will cause Ernst & Young LLP, Parent’s independent auditors (“Parent’s Auditor”), to review the Preliminary Statement of Cash Adjustment and the Preliminary Statement of Closing Working Capital, and to issue a report thereon within 45 days of the Closing Date, and Parent will reflect in the Preliminary Statement of Cash Adjustment and the Preliminary Statement of Closing Working Capital such adjustments, if any, as are proposed by Parent’s Auditor based upon its review.

  • The Statement of Closing Working Capital delivered pursuant to paragraph (a) above shall be accompanied by relevant backup materials, schedules and a statement setting forth the amount, if any, by which the Closing Working Capital is greater than, or less than, the Target Amount.

  • Failure of Buyer to deliver a Dispute Notice within 30 days after receiving the Statement of Closing Working Capital, or notification by the Buyer to Emerson that no Dispute Notice will be given, shall constitute acceptance of the Closing Working Capital as set forth on the Closing Working Capital Statement and there shall be no additional payment required or adjustment to the Purchase Price pursuant to this Section.


More Definitions of Statement of Closing Working Capital

Statement of Closing Working Capital means a schedule setting forth the amount of (i) the Purchased Assets that are Current Assets, (ii) the Assumed Liabilities that are Current Liabilities and (iii) the Closing Working Capital, in all cases prepared in accordance with GAAP, as of the Closing, as shown, and except as specifically adjusted for, in the sample Statement of Closing Working Capital as set forth in Appendix B.
Sample 1
Statement of Closing Working Capital means the calculation of Mexgold’s Working Capital (on a consolidated basis) as of the Closing Date based on the Closing Date Financial Statements;
Sample 1

Related to Statement of Closing Working Capital

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Working Capital means Current Assets less Current Liabilities.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Target Working Capital Amount means $0.00.

  • Working Capital Statement has the meaning set forth in Section 2.3(a).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;