Examples of Target Closing Date Net Working Capital in a sentence
If the Target Closing Date Net Working Capital exceeds the Closing Date Net Working Capital as stated on the Final Statement, then Seller shall pay to Buyer an amount equal to such excess, by wire transfer of immediately available funds to the account designated in writing by Buyer, within five (5) Business Days after the date on which the Final Statement is determined.
If the Target Closing Date Net Working Capital exceeds the Closing Date Net Working Capital as stated on the Final Statement, then GM shall pay to the Buyer an amount equal to such excess, by wire transfer of immediately available funds to the account designated in writing by the Buyer, within five Business Days after the date on which the Preliminary Statement becomes the Final Statement.
Notwithstanding anything herein to the contrary, in no event shall the dollar amount of the Target Closing Date Net Working Capital be subject to adjustment for any reason in connection with any calculation under this Article II or otherwise.
If the Estimated Closing Date Net Working Capital is less than the Target Closing Date Net Working Capital (such deficiency, the “Estimated Working Capital Deficit”), then the Purchase Price shall be adjusted as set forth in Section 2.2. If the Estimated Closing Date Net Working Capital is greater than the Target Closing Date Net Working Capital (such excess, the “Estimated Working Capital Surplus”), then the Purchase Price shall be adjusted as set forth in Section 2.2 .