Target Closing Net Working Capital definition

Target Closing Net Working Capital means $197,600,000.

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Target Closing Net Working Capital means, as applicable, (a) the Target Net Working Capital Upper Threshold, if the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, is greater than the Target Net Working Capital Upper Threshold; (b) the Target Net Working Capital Lower Threshold, if the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, is less than the Target Net Working Capital Lower Threshold; or (c) the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, if the Closing Date Net Working Capital or the Estimated Closing Date Net Working Capital, as applicable, is no greater than the Target Net Working Capital Upper Threshold and no less than the Target Net Working Capital Lower Threshold.

Target Closing Net Working Capital is defined in Section 2.2(a).

Examples of Target Closing Net Working Capital in a sentence

If the Closing Net Working Capital exceeds the Target Closing Net Working Capital, then the Closing Net Working Capital Adjustment shall be positive; and if the Closing Net Working Capital is less than the Target Closing Net Working Capital, then the Closing Net Working Capital Adjustment shall be negative.
If, for either the Phase I Closing or the Phase II Closing, the Estimated Closing Net Working Capital is greater than the applicable Target Closing Net Working Capital (determined on a country-by-country basis in local currency, and then netted in US Dollars at the applicable Exchange Rates), the portion of the Purchase Price payable at such Closing will be increased dollar for dollar by the absolute value of the excess.
The Parties acknowledge that the sole purpose for determining Closing Net Working Capital is to adjust the Purchase Price so as to reflect the difference, if any, between the actual net working capital of the Company as of the Closing Date and the Target Closing Net Working Capital.
To the extent that the Estimated Closing Net Working Capital is less than the Target Closing Net Working Capital, the Merger Consideration (and the payment required to be made into the Payment Fund under this Section 3.01 at the Closing) will be decreased by such shortfall.
If the difference between such estimate and the Target Closing Net Working Capital is more than Twenty-Five Thousand Dollars ($25,000), then the full amount of such difference shall be added to or deducted from, as the case may be, the Closing Funds.

More Definitions of Target Closing Net Working Capital

Target Closing Net Working Capital means Two Million Five Hundred Thousand Dollars ($2,500,000).

Target Closing Net Working Capital means Three Hundred Sixty Thousand Dollars ($360,000).

Target Closing Net Working Capital means $48,527,000.

Target Closing Net Working Capital means $0.

Target Closing Net Working Capital means Thirty-Two Million Two Hundred Seventy-Six Thousand Dollars ($32,276,000).

Target Closing Net Working Capital means Four Million Five Hundred Thousand Dollars ($4,500,000).

Target Closing Net Working Capital has the meaning set forth in Section 3.01(b) below.