Examples of Working Capital Floor in a sentence
Any excess cash over the Working Capital Floor will be part of the Dividend to Seller on the Closing Date.
If the Company is delivered on the Closing Date with such estimated Working Capital below the Working Capital Floor, the Purchase Price shall be adjusted downward dollar-for-dollar in the amount of the deficiency.
The Parties acknowledge that no adjustments may be made to the Working Capital Target, the Working Capital Floor or the Working Capital Ceiling.
If Final Closing Net Working Capital is less than the Base Net Working Capital Floor, then Seller shall pay or cause to be paid to Purchaser an amount in cash equal to the Base Net Working Capital Floor minus the Final Closing Net Working Capital, by wire transfer of immediately available funds to an account or accounts designated in writing by Purchaser to Seller.
We should note that a (macroeconomic) Keynesian consumption rule will typically allow for some constant fraction of current income to be saved in each period.
If in the second quarter of 2006 Morex Surviving LLC has an additional $1 million of pre-tax earnings and $200,000 of working capital at June 30, 2006, THK shall be required to leave $300,000 of working capital in Morex Surviving LLC (the difference in this example of the Working Capital Floor and $200,000), not an additional $500,000 of working capital.
If the Final Closing Net Working Capital is greater than or equal to the Base Net Working Capital Floor and less than or equal to the Base Net Working Capital Ceiling, then no further payment shall be required to be made in respect of Final Closing Net Working Capital.