Working Capital Deficit Amount definition

Working Capital Deficit Amount means, as of any relevant date of determination, the negative difference (if any) between the Working Capital Amount (Actual) and the Working Capital Amount (Normal).

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Working Capital Deficit Amount has the meaning set forth in Section 2.06(f).

Working Capital Deficit Amount has the meaning set forth in Section 1.3(b).

Examples of Working Capital Deficit Amount in a sentence

• Stockholders’ Representative Proposed Company Working Capital Deficit Amount.

• Stockholders’ Representative Proposed Parent Working Capital Deficit Amount.

• In the event that the actual Working Capital Deficit Amount on the Closing Date exceeds the Base Working Capital Deficit Amount by more than $150,000, the entire amount of such excess shall be deducted from the Purchase Price.

• For example, if the Working Capital Deficit Amount as finally determined pursuant to this Section 1.3 is $7,500,000, then the final Purchase Price would be reduced by $331,663.

• Upon receipt of the Estimated Adjusted Working Capital, the parties then determined whether there is a Working Capital Surplus Amount or Working Capital Deficit Amount and the “Estimated Purchase Price,” based upon the Estimated Adjusted Working Capital.

• In the event the Holdback Amount cannot be reduced enough to satisfy the Working Capital Deficit Amount, Seller shall within five (5) Business Days) wire, in immediately available funds, to Buyer the amount by which the Working Capital Deficit Amount exceeds the amount the Holdback Amount is able to be reduced.

• If the Estimated Initial Purchase Price is greater than the Definitive Initial Purchase Price (the positive amount by which the Estimated Initial Purchase Price exceeds the Definitive Initial Purchase Price, the “Working Capital Deficit Amount”), then, Buyer may recover from the Escrow Fund an amount equal to the Working Capital Deficit Amount (a “Working Capital Deficit Payment”).

• If the Estimated Net Working Capital Adjustment Amount is greater than the Net Working Capital Adjustment Amount (such difference, the “Net Working Capital Deficit Amount”), then within five (5) days after the Determination Date, Seller shall pay to Purchaser the Net Working Capital Deficit Amount.

• If the Net Working Capital as set forth in the Final Closing Statement is less than the Net Working Capital Target (the “Net Working Capital Deficit Amount”), cash in the amount of the Net Working Capital Deficit Amount shall be released to Buyer from the Escrow Account pursuant to joint instructions to be executed and delivered to the Escrow Agent by Buyer and the Member Representative.

• The Closing Date Balance Sheet shall be accompanied by a schedule which shall set forth in reasonable detail Parent’s calculation of the Working Capital Deficit Amount (the “Parent Proposed Working Capital Deficit Amount”).

More Definitions of Working Capital Deficit Amount

Working Capital Deficit Amount then, Buyer may permanently reduce the Holdback Amount by an amount equal to the Working Capital Deficit Amount. In the event the Holdback Amount cannot be reduced enough to satisfy the Working Capital Deficit Amount, Seller shall within five (5) Business Days) wire, in immediately available funds, to Buyer the amount by which the Working Capital Deficit Amount exceeds the amount the Holdback Amount is able to be reduced.

Working Capital Deficit Amount means the aggregate absolute amount by which Working Capital, as of the Measurement Date, is less than $4,950,000; provided, however, that in the event that Working Capital, as of the Measurement Date, is greater than or equal to $4,950,000, the Working Capital Deficit Amount shall equal zero.

Working Capital Deficit Amount means (a) if the Final Reference Amount exceeds Company Net Working Capital by more than $4,500,000, the amount of such excess minus $4,500,000 and (b) otherwise, zero.

Working Capital Deficit Amount is the amount by which the Working Capital Target exceeds the Estimated Working Capital Amount.

Working Capital Deficit Amount means the amount by which (i) Total Liabilities exceeds (ii) Total Current Assets. “Total Current Assets” shall be calculated in a manner consistent with the manner in which “Total Other Assets” was calculated on the Balance Sheet. “Total Liabilities” shall be calculated in a manner consistent with the manner in which “Total Liabilities” was calculated on the Balance Sheet and shall include all Expenses. Each of the foregoing terms shall be determined in accordance with GAAP and on a basis consistent with the Financial Statements.