NO CHANGE IN WORKING CAPITAL Sample Clauses

The "No Change in Working Capital" clause establishes that the working capital of a business must remain at a specified level, typically as of a certain date, and should not fluctuate beyond agreed parameters before a transaction closes. In practice, this means the seller is required to maintain normal business operations and cannot manipulate accounts receivable, inventory, or payables to artificially alter the company's financial position. This clause ensures that the buyer receives the business in a consistent financial state, preventing last-minute changes that could affect valuation or post-closing performance.
NO CHANGE IN WORKING CAPITAL. There shall have been no material change in the working capital of Company since the Balance Sheet Date.
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NO CHANGE IN WORKING CAPITAL. There shall have been no material change in the working capital of Dentist since the Balance Sheet Date.
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NO CHANGE IN WORKING CAPITAL. There shall have been no material change in the working capital of Contributor since the Balance Sheet Date.
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NO CHANGE IN WORKING CAPITAL. As of the Closing Date, there shall be no material change in the Working Capital.
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Related to NO CHANGE IN WORKING CAPITAL

  • Change in Structure Except as expressly permitted under Section 6.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, amend any of its Organization Documents in any respect materially adverse to Agent or Lenders.

  • No Change in Business The Issuer covenants that it shall not make any change in the character of its business.

  • Change in Fiscal Year Such Obligor will not, and will not permit any of its Subsidiaries to, change the last day of its fiscal year from that in effect on the date hereof, except to change the fiscal year of a Subsidiary acquired in connection with an Acquisition to conform its fiscal year to that of Borrower.

  • No Changes in Fiscal Year The fiscal year of the Borrower and its Subsidiaries ends on December 31 of each year; and the Borrower shall not, nor shall it permit any Subsidiary to, change its fiscal year from its present basis.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.