Common use of Definition of Net Working Capital Clause in Contracts

Definition of Net Working Capital. The term "Net Working Capital" shall mean the dollar amount by which the net book value of the Purchased Assets constituting accounts and notes receivable, prepaid expenses and inventory exceeds the net book value of the Assumed Liabilities constituting accounts payable and accrued expenses, as reflected in the Recent Business Balance Sheet or Closing Business Balance Sheet, as applicable.

Definition of Net Working Capital. The For the purpose of this Section 2.3, the term "“Net Working Capital" ” shall mean the dollar amount by which Cash and Cash Equivalents, Accounts Receivable and other Current Assets (other than Inventory and prepaid expenses), less Current Liabilities included within the net book value Assumed Liabilities, if any, all as of the Purchased Assets constituting accounts and notes receivableClosing Date, prepaid expenses and inventory exceeds calculated on a basis in conformity with GAAP applied on a basis consistent with the net book value of the Assumed Liabilities constituting accounts payable and accrued expenses, as reflected in the Recent Business Balance Sheet or Closing Business Balance Sheet, as applicableSeller’s past practice.