Target Working Capital Floor definition

Target Working Capital Floor means Target Working Capital minus $50,000.
Target Working Capital Floor means an amount equal to the Target Working Capital minus $5,000,000.
Target Working Capital Floor means $805,320.

Examples of Target Working Capital Floor in a sentence

  • If the Estimated Closing Date Working Capital is equal to or greater than the Target Working Capital Floor but less than or equal to the Target Working Capital Ceiling, then neither the Purchase Price nor the Closing Cash Payment shall be adjusted pursuant to this Section 2.6(a).

  • If the Estimated Closing Date Working Capital is less than the Target Working Capital Floor, then the Purchase Price and, as provided in Section 2.5(a), the Closing Cash Payment shall be reduced, on a dollar-for-dollar basis, by the amount by which the Estimated Closing Date Working Capital is less than the Target Working Capital Floor (the “Estimated Reduction Amount”).


More Definitions of Target Working Capital Floor

Target Working Capital Floor means $115,000.
Target Working Capital Floor means Four Million Two Hundred Thousand Dollars ($4,200,000).

Related to Target Working Capital Floor