Working Capital Objection Period definition

Working Capital Objection Period shall have the meaning set forth in Section 2.6(a).
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Working Capital Objection Period has the meaning set forth in Section 4.3(b).
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Examples of Working Capital Objection Period in a sentence

  • If the Representative does deliver a Working Capital Objection Statement by the end of the Working Capital Objection Period, the Representative and Parent shall attempt in good faith to resolve any disputed items.

  • If Sellers’ Agent does deliver a Working Capital Objection Statement by the end of the Working Capital Objection Period, Sellers’ Agent and Purchaser shall attempt in good faith to resolve any disputed items.

  • If Sellers’ Agent does not deliver to Purchaser a Working Capital Objection Statement by the end of the Working Capital Objection Period, or if during the Working Capital Objection Period Sellers’ Agent delivers to Purchaser written notice that Sellers’ Agent accepts the Purchaser Working Capital Statement and the Purchaser Working Capital Determination, then the Purchaser Working Capital Statement and the Purchaser Working Capital Determination shall be considered final, conclusive and binding.

  • If no Working Capital Objection Notice is delivered within the Working Capital Objection Period, the calculation of Closing Net Working Capital set forth in the Working Capital Initial Statement will be final and binding upon the parties hereto.

  • If the Representative does not deliver to the Parent a Working Capital Objection Statement by the end of the Working Capital Objection Period, or if during the Working Capital Objection Period the Representative delivers to the Parent written notice that the Representative accepts the Parent Working Capital Determination, then the Parent Closing Balance Sheet and Parent Working Capital Statement and the Parent Working Capital Determination shall be considered final, conclusive and binding.

  • Seller shall have the right to give a written notice (the "Working Capital Objection Notice"), within twenty (20) days following the receipt of the Post-Closing Working Capital Adjustment Statement (the "Working Capital Objection Period"), to Buyer setting forth any objections which Seller has to the calculation of the Post-Closing Working Capital Adjustment Amount set forth on the Post-Closing Working Capital Adjustment Statement.

  • If the Representative does deliver a Working Capital Objection Statement by the end of the Working Capital Objection Period, the Representative and the Parent shall attempt in good faith to resolve any disputed items.

  • The Final Working Capital Adjustment Amount and the Final Working Capital Adjustment Statement will be deemed final on the earliest of (i) the failure of Seller to timely deliver a proper Working Capital Objection Notice during the Working Capital Objection Period, (ii) the resolution of all disputes with regard to the Final Working Capital Adjustment Amount, by mutual agreement of Buyer and Seller, or (iii) the determination of the Independent Accountants.

  • If Seller timely delivers a proper Working Capital Objection Notice during the Working Capital Objection Period, then for a period of twenty (20) days thereafter, Buyer and Seller shall negotiate in good faith to try to resolve their disagreements regarding the Post-Closing Working Capital Adjustment Statement and the Post-Closing Working Capital Adjustment Amount.

  • The term “Final Working Capital” shall mean (i) the Actual Working Capital as set forth in the Actual Working Capital Statement if Seller accepts the Actual Working Capital Statement as delivered or does not deliver a Working Capital Objection Notice during the Review Period, or (ii) the Actual Working Capital as finally determined pursuant to the provisions of Section 2.4(d), if Seller delivers a Working Capital Objection Notice during the Adjusted Working Capital Objection Period.

Related to Working Capital Objection Period

  • Working Capital Escrow Amount means $2,000,000.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Working Capital Target means $0.

  • Net Working Capital Target means $0.00.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Target Working Capital Amount means $75,000,000.

  • Working Capital Reserve means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

  • Working Capital Units shall have the meaning given in the Recitals hereto.

  • Working Capital Advance has the meaning specified in Section 2.01(a).

  • Working Capital Adjustment has the meaning set forth in Section 2.5(a).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Target Working Capital means $0.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Target Net Working Capital Amount means $5,000,000.

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.