Common use of Net Working Capital Clause in Contracts

Net Working Capital. The definition of “Net Working Capital of the DPC Business” set forth on Annex A of the Agreement is hereby amended by adding the following sentence to the end of such definition: “Notwithstanding anything herein to the contrary, the definition of “Net Working Capital of the DPC Business” shall exclude any payables or receivables of the Transferred DPC Companies and their Subsidiaries to or from DuPont or any of the Retained Subsidiaries pursuant to items 7 (re: inventory and goods in transit) and 11 (re: Germany Purchase Agreement) of Section 5.5 of the Seller’s Disclosure Schedules).”

Appears in 3 contracts

Sources: Purchase Agreement, Purchase Agreement (Axalta Coating Systems Ltd.), Purchase Agreement (Dupont E I De Nemours & Co)