Common use of Closing Working Capital Clause in Contracts

Closing Working Capital. (a) As promptly as practicable, but no later than 60 days after the Closing Date, Buyer will cause to be prepared and delivered to Seller an unaudited Closing Working Capital Statement (the “Closing Working Capital Statement”), setting forth Buyer’s calculation of Closing Working Capital (as defined below). The Closing Working Capital Statement shall (x) be prepared in accordance with GAAP applied on a basis substantially consistent with those used in the preparation of the Balance Sheet

Closing Working Capital. (a) As promptly as practicablepracticable after the Closing, but no later than 60 forty-five (45) days after the Closing Date, Buyer will shall cause to be prepared and delivered to Seller an unaudited Closing a statement of the calculation of the Net Working Capital Statement of the Company as of the close of business on May 2, 2004 (the “Closing Working Capital StatementCapital”), setting forth Buyer’s calculation of Closing Working Capital (as defined below). The Closing Working Capital Statement which statement shall (x) be prepared in accordance a manner consistent in all respects with GAAP the principles and rules applied on a basis substantially consistent with those used in the preparation of the Balance SheetEstimated Closing Working Capital and the Working Capital Threshold, including, without limitation, with respect to slow-moving inventory.