Examples of Targeted Net Working Capital Amount in a sentence
For purposes of this Agreement, the “Xxxxxxx Investment Amount” means an amount equal to (x) the Xxxxxxx Base Investment Amount, minus (y) the amount, if any, by which the Estimated Net Working Capital Amount exceeds the Targeted Net Working Capital Amount by more than $500,000, plus (z) the amount, if any, by which the Targeted Net Working Capital Amount exceeds the Estimated Net Working Capital Amount by more than $500,000, subject to adjustment pursuant to Section 2.5.
If any assets that should have been included in the Targeted Net Working Capital Amount were incorrectly omitted from the Targeted Net Working Capital Amount (a “Modification Event”), then the Targeted Net Working Capital Amount shall be recalculated to include the book value of such omitted assets (such recalculated amount, the “Modified Targeted Net Working Capital Amount”).
For purposes of this Agreement, the “Andrews Investment Amount” means an amount equal to (x) the Andrews Base Investment Amount, minus (y) the amount, if any, by which the Estimated Net Working Capital Amount exceeds the Targeted Net Working Capital Amount by more than $500,000, plus (z) the amount, if any, by which the Targeted Net Working Capital Amount exceeds the Estimated Net Working Capital Amount by more than $500,000, subject to adjustment pursuant to Section 2.5.