Working Capital Principles definition

Working Capital Principles has the meaning set forth in Section 3.6(a).

Working Capital Principles means the policies and principles to be used in the calculation of the Estimated Working Capital and the Final Working Capital set forth on Section 1.1 of the Seller Disclosure Letter which are consistent with the methodology used in the Quality of Earnings Report.

Working Capital Principles means the working capital principles set forth on Annex 1.01(b).

Examples of Working Capital Principles in a sentence

• Company shall prepare and deliver to Purchaser at the Closing a good faith estimate of Closing Date Net Working Capital (“Estimated Closing Date Net Working Capital”), determined in accordance with the Net Working Capital Principles as if it were the actual Closing Date Net Working Capital, but based upon Company’s review of financial information then available and inquiries of personnel responsible for the preparation of the financial information relating to Company in the ordinary course of business.

• The Closing Date Net Working Capital Statement shall be prepared in accordance with the Net Working Capital Principles.

• The LLC Seller shall calculate the Estimated Closing Balance Sheet and the Estimated Net Working Capital, Estimated Accounts Receivable, Estimated Prepaid Expenses, Estimated Accounts Payable and Estimated Accrued Expenses in good faith and in a manner consistent with the Net Working Capital Principles.

• Under no circumstances shall the Accounting Firm be authorized or permitted to make any other determination or adjustment based on GAAP if Working Capital Principles can be determined pursuant to clauses (i) and (ii) of the definition thereof.

• Closing Working Capital is to be calculated as of close of business on the day prior to the Closing Date in accordance with the Working Capital Principles.

More Definitions of Working Capital Principles

Working Capital Principles means the Accounting Principles, subject to the overriding principles set forth on Schedule I.

Working Capital Principles has the meaning set forth in Section 2.04(d).

Working Capital Principles means GAAP, modified solely by the principles, practices and methodologies set forth in Annex B hereto for determining current assets and current liabilities, to be applied in a manner consistent with the example set forth in Annex B.

Working Capital Principles has the meaning set forth in the definition of “Net Working Capital” in this Article I.

Working Capital Principles means the calculation of the Net Working Capital in a manner consistent with the principles set forth on Exhibit 1.1(B).

Working Capital Principles means the principles, practices and methodologies for the determination and valuation of Net Working Capital as set forth in Section 1.1(c) of the Schedules.

Working Capital Principles means the principles, practices and methodologies set forth in Exhibit A hereto for determining Current Assets and Current Liabilities, to be applied in a manner consistent with the example set forth in Exhibit A.