Working Capital Adjustment Date definition

Working Capital Adjustment Date has the meaning set forth in Subsection 3.2(d).

Working Capital Adjustment Date shall be the date that is three (3) Business Days after (i) the date Buyer agrees in writing or is deemed under clause (c) above to agree to the Closing Balance Sheet, the Closing Regional Balance Sheet and Working Capital calculation, whichever is earlier or (ii) if Buyer issues an Objection Notice in accordance with the foregoing, the date the Parties agree to the Closing Balance Sheet, the Closing Regional Balance Sheet and the calculation of Working Capital or the date the Closing Balance Sheet, the Closing Regional Balance Sheet and Working Capital calculation are finally determined by arbitration as contemplated by this Section, whichever is earlier.

Working Capital Adjustment Date means the earlier of the Closing Date and June 30, 2004; and

Examples of Working Capital Adjustment Date in a sentence

• The Parties shall make, without duplication, and provided that such adjustments are not already provided for on the Closing Balance Sheet and the Closing Regional Balance Sheet, the usual adjustments relating to the sale of the Purchased Assets as of the Closing Time and such adjustments shall be readjusted, if necessary, on the Working Capital Adjustment Date.

• It was suggested extra signage was needed at the start of the permissive path to advise walkers that there was no route through to the canal.

• If Net Working Capital on the Closing Date is less than $1.00, the Stockholder shall pay to the Buyer on the Working Capital Adjustment Date by certified or cashiers check or by bank wire transfer a sum equal to the amount by which Net Working Capital on the Closing Date is less than $1.00.

• If the amounts actually collected by the Purchaser in respect of the TPC Receivables exceed the amounts of the TPC Receivables agreed to based upon the Working Capital Adjustment Date Balance Sheet, the Purchaser will forthwith pay to the Vendor the amount of such excess and such payment shall be deemed to be an adjustment to the Purchase Price.

• The Parties shall make, without duplication, and provided that such adjustments are not already provided for on the Closing Balance Sheet and the Closing Regional Balance Sheet, the usual adjustments relating to the sale of the Purchased Assets as of the BC Closing Time and such adjustments shall be readjusted, if necessary, on the Working Capital Adjustment Date.

• The Purchaser shall not compromise any TPC Receivables reflected on the Working Capital Adjustment Date Balance Sheet.

• As of the Working Capital Adjustment Date: (i) the Borrowers' Availability tested as of the Amendment Date after giving effect to the acquisition of Xxxxxxx and any Revolving Loans made on the Amendment Date, PLUS (ii) the Working Capital Reserve, MINUS (iii) the Working Capital Adjustment Payment, shall be equal to an amount not less than $4,000,000.

• The Vendor will provide the Purchaser's auditors with such cooperation and supporting working papers as they may reasonably require to enable them to review the Working Capital Adjustment Date Balance Sheet and the Net Purchased Working Capital Statement.

• Notwithstanding the preceding sentence or any other provisions hereof, if the Closing Date would otherwise occur between June 17, 2004 and June 30, 2004, the Vendor will, in its sole discretion, either: (i) cause two copies of the Working Capital Adjustment Date Balance Sheet and the Working Capital Statement to be delivered to the Purchaser as soon as possible and any event not later than 30 days after June 30, 2004; or (ii) agree to delay the Closing to July 2, 2004.

• On the Working Capital Adjustment Date, the Buyer shall loan to the Stockholder the principal amount of $250,000 pursuant to a non-recourse promissory note bearing interest at 8% per year, with all principal and interest due and payable on the second anniversary of the Closing Date, and secured by shares of the Parent’s common stock received by the Stockholder pursuant to Section 2.1(a)(i) with a value equal to $250,000 based on the Closing Stock Price (the “Collateral Shares”).

More Definitions of Working Capital Adjustment Date

Working Capital Adjustment Date means the last day of the calendar month immediately preceding the calendar month in which the Closing occurs; provided, however, that if the Closing occurs on the last day of a calendar month, then the Working Capital Adjustment Date shall be the Closing Date.

Working Capital Adjustment Date shall be the date that is three (3) Business Days after (i) the date Buyer agrees in writing or is deemed under clause (c) above to agree to the Closing Balance Sheet, the Closing Regional Balance Sheet, the BC Sub Balance Sheets and Working Capital calculation, whichever is earlier or (ii) if Buyer issues an Objection Notice in accordance with the foregoing, the date the Parties agree to the Closing Balance Sheet, the Closing Regional Balance Sheet, the BC Sub Balance Sheets and the calculation of Working Capital or the date the Closing Balance Sheet, the Closing Regional Balance Sheet, the BC Sub Balance Sheets and Working Capital calculation are finally determined by arbitration as contemplated by this subsection, whichever is earlier.

Working Capital Adjustment Date means the day on which the Working Capital Adjustment Payment is made pursuant to the terms of the Xxxxxxx Transaction.