Examples of Statement of Working Capital in a sentence
The scope of the review by the Accounting Firm shall be limited to a determination of (i) whether the portions of the initial draft Statement of Working Capital and the calculation of Closing Working Capital related to the Unresolved Adjustments were prepared in accordance with Section 3.2(g) and (ii) based on its determinations of the matters described in clause (i), a final calculation of the Closing Working Capital.
Furthermore, new rules on employment of seasonal workers have been introduced as well.
Thereafter, the Buyer and the Seller shall attempt in good faith to resolve and finally determine the Closing Balance Sheet and the Statement of Working Capital.
The scope of such firm's engagement (which shall not be an audit) shall be limited to the resolution of the items contained in the Notice of Disagreement, and the recalculation, if any, of the Closing Balance Sheet and the Statement of Working Capital in light of such resolution and shall be conducted in accordance with the provisions of this Agreement and will use the definitions contained herein.
Any refunds or credits of Taxes with respect to Taxes described in Section 6.5(a) paid by Buyer, except to the extent reflected as a liability on the Statement of Working Capital, shall be for the account of Buyer, and if any Seller Entity receives any Tax refund or credit that relates to such Taxes, Seller shall pay to Buyer the amount of any such refund or the value of such credit.