Statement of Estimated Closing Working Capital definition

Statement of Estimated Closing Working Capital shall have the meaning set forth in Section 2.06(b).
Sample 1Sample 2
Statement of Estimated Closing Working Capital which shall be accompanied by a notice (the “Closing Notice”) that sets forth (x) Seller’s determination of the Closing Adjustment and the Purchase Price after giving effect to the Closing Adjustment and (y) the account or accounts to which Buyer shall transfer funds pursuant to Sections 2.03 and 2.06.
Sample 1
Statement of Estimated Closing Working Capital means a schedule setting forth the estimated 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

Examples of Statement of Estimated Closing Working Capital in a sentence

  • The Initial Working Capital Statement shall be prepared in accordance with the Working Capital Principles applied consistently with their application in connection with the preparation of the Financial Statements and the Statement of Estimated Closing Working Capital.

  • At least three (3) business days prior to the Closing, Purchaser and Seller Parent shall jointly prepare and finalize (i) the Estimated Closing Balance Sheet and (ii) the Statement of Estimated Closing Working Capital.

  • In connection with the Buyer’s preparation of the Closing Working Capital Statement, the GE shall, and shall cause its Affiliates to, make reasonably available the individuals in their employ, if any, knowledgeable about the information used in the Statement of Estimated Closing Working Capital in order to respond to the reasonable inquiries of the Buyer.

  • The “Post-Closing Adjustment” shall be the amount of Working Capital set forth in the Final Working Capital Statement less the amount of Working Capital set forth in the Statement of Estimated Closing Working Capital.

  • Both national trade unions and the BGMEA sought the support of international unions and fair-trade bodies to put pressure on international buyers.

  • For purposes of this Agreement, “Post-Closing Working Capital Adjustment” means the amount of Working Capital set forth in the Final Working Capital Statement less the amount of Working Capital set forth in the Statement of Estimated Closing Working Capital.

  • In the event that the Acquiror does not deliver the Initial Working Capital Statement to the GE Parties within 60 Business Days after the Closing Date, then at the election of the GE Parties either (i) the GE Parties may prepare and present the Initial Working Capital Statement within an additional 60 Business Days or (ii) the Statement of Estimated Closing Working Capital shall become final and binding on the parties.

  • Buyer shall have the right to review the Statement of Estimated Closing Working Capital and such supporting documentation or data as Buyer may reasonably request.

  • The Statement of Estimated Closing Working Capital and the Closing Notice shall each be signed by Seller’s principal financial officer or principal accounting officer and be accompanied by reasonable supporting documentation.

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