Working Capital Overage definition

Working Capital Overage shall exist when (and shall be equal to the amount by which) the Estimated Net Working Capital exceeds the Target Net Working Capital.

Working Capital Overage means the amount by which the Closing Working Capital exceeds the Target Working Capital, if any.

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

Examples of Working Capital Overage in a sentence

• The amount of the Estimated Closing Net Working Capital Overage (if any) determined to be due and owing to Sellers pursuant to the Estimated Closing Statement shall be paid by Buyer at the Closing pursuant to Section 2.01.

• Any such amounts determined to be payable pursuant to the Final Closing Statement shall be paid to either Sellers (in the case of a Final Closing Net Working Capital Overage) or Buyer (in the case of a Final Closing Net Working Capital Shortage) pursuant to Section 3.03(e) (the “Final Closing Payment”).

• The Purchase Price shall be increased by the Working Capital Overage, if any (as contemplated by Section 2.3(b)).

• After the Closing, the parties will determine the Closing Net Working Capital Overage (if any) or Closing Net Working Capital Shortage (if any), and make such payments as provided in Section 2.06.

• The Working Capital Shortage shall be calculated and used unless Valley and Desert Springs shall agree to calculate and use the Working Capital Overage.

More Definitions of Working Capital Overage

Working Capital Overage shall exist when (and shall be equal to the amount by which) the Working Capital Estimate exceeds $30,000,000 (the “Base Amount”).

Working Capital Overage shall exist when (and shall be equal to the amount by which) the Working Capital Estimate exceeds the Target Working Capital. A “Working Capital Underage” shall exist when (and shall be equal to the amount by which) the Target Working Capital exceeds the Working Capital Estimate.

Working Capital Overage has the meaning set forth in Section 1.5.

Working Capital Overage means, if the Working Capital Estimate exceeds $0, the amount of such excess.

Working Capital Overage means the amount by which the Working Capital Estimate exceeds the WC Target. “Working Capital Underage” means the amount by which the WC Target exceeds the Working Capital Estimate.

Working Capital Overage means (a) if the Estimated Working Capital is greater than an amount equal to $70,000,000, an amount equal to the amount by which the Estimated Working Capital exceeds $70,000,000, and (b) if the Estimated Working Capital is less than or equal to $70,000,000, zero.

Working Capital Overage means the amount by which Effective Time Working Capital (as finally determined pursuant to Section 2.3(b)) exceeds Target Working Capital, if any. For the avoidance of doubt and for purposes of illustration, negative $2,000,000 exceeds negative $3,000,000 by $1,000,000.