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.
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.
Upon receipt of the Estimated Adjusted Working Capital, the parties will determine whether there is a Working Capital Surplus Amount or Working Capital Deficit Amount and the “Estimated Fixed Portion of the Purchase Price,” based upon the Estimated Adjusted Working Capital.
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.
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.
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.
In the event the Escrow Fund is insufficient to pay a Working Capital Deficit Payment, the Seller Indemnifying Parties shall promptly (but no later than three (3) Business Days) wire, in immediately available funds, to Buyer the amount by which the Working Capital Deficit Amount exceeds the Escrow Fund in accordance with each Seller Indemnifying Party’s Fully Diluted Pro Rata Percentages.
In the event that the actual Working Capital Deficit Amount on the Closing Date is less than the Base Working Capital Deficit Amount by more than $150,000, then the entire amount of such difference shall be added to the Purchase Price.