Working Capital Balance Sheet definition

Working Capital Balance Sheet has the meaning set forth in Section 2.4(c).

Working Capital Balance Sheet means the balance sheet for the Company prepared on an un-audited basis by the accountants for the Company made up to Pre Effective Date Calculation Date and which will have included in the calculation of the amount shown therein as the “Working Capital” of the Company a reasonable estimate of the Company’s financial information as at the Effective Date.

Working Capital Balance Sheet means that "Closing Date Balance Sheet" as such term as defined in the Acquisition Agreement.

Examples of Working Capital Balance Sheet in a sentence

• Thereafter RCM, as agent for Acquiree, shall use best efforts to promptly and fully collect all of Acquiree's accounts receivable and other current assets as they are reflected in the Net Working Capital Balance Sheet.

• RCM shall cause to be paid to the Acquiree Shareholder as additional Purchase Consideration by wire transfer to bank accounts designated by him the amount of the accounts receivable and other current assets actually collected less Acquiree's liabilities as set forth on the Net Working Capital Balance Sheet.

• Within sixty (60) days of the Closing Date, RCM and the Acquiree Shareholder will cause to be prepared to their mutual satisfaction the Net Working Capital Balance Sheet.

• The Effective Date Balance Sheet and the Net Working Capital Balance Sheet as defined in Section 1 hereof and the financial information contained therein will present fairly the financial condition of the Acquiree for the periods covered.

• If Seller fails to respond to Purchaser within such thirty (30) day period, Seller shall be deemed to have accepted and agreed to the Final Net Working Capital Balance Sheet and the Final Net Working Capital Calculation as delivered pursuant to SECTION 2.3(a) hereof.

• Buyer shall have thirty days after Buyer's receipt of those documents to notify Seller of any objections (i.e., Disputed Items) to the Closing Date Working Capital Balance Sheet or to the Working Capital Asset Value Statement.

• Target shall have delivered to Acquiror the Estimated Working Capital Certificate and the Estimated Working Capital Balance Sheet.

• The Purchase Price shall be adjusted downward in an amount equal to any obsolete or damaged Inventory in excess of the reserve therefor set forth on the 6/30/96 Working Capital Balance Sheet and calculated in a manner consistent with past practices of the Seller (the "Inventory Adjustment").

• Buyer and Buyer’s Accountant shall make all of their work papers and other reasonably relevant documents in connection with the preparation of the Working Capital Balance Sheet and the Closing Date Statement available to Seller and Seller’s Accountant, and shall make the persons in charge of the preparation of the Working Capital Balance Sheet and Closing Date Statement available for reasonable inquiry by Seller and Seller’s Accountant.

• The accounting cutoff for the Final Net Working Capital Balance Sheet shall be the close of business on the Closing Date.

More Definitions of Working Capital Balance Sheet

Working Capital Balance Sheet means a balance sheet that is prepared in accordance with Section 2.7(f) and includes only the current assets and current liabilities, as described and determined in accordance with the definition of "Working Capital," associated with the Assets, the Assumed Obligations and the liabilities of the Companies, excludes the Excluded Assets, the Retained Obligations and the Company Retained Assets and any associated current assets and current liabilities, and is prepared on a consistent basis from financial information contained in the books and records regularly maintained by the Stations and TVSD.

Working Capital Balance Sheet means the unaudited balance sheet of Seller with respect to the ICS Business Segment dated as of the close of business of the Closing Date.