Payment of Adjustment Amount. On or before the fifth Business Day following the final determination of the Final Closing Balance Sheet (the “Settlement Date”), either (i) Buyer shall pay to Seller the amount, if any, by which the Net Working Capital as reflected on the Final Closing Balance Sheet is greater than the Net Working Capital as reflected on the Estimated Closing Balance Sheet or (ii) Seller shall pay to Buyer the amount, if any, by which the Net Working Capital as reflected on the Final Closing Balance Sheet is less than the Net Working Capital as reflected on the Estimated Closing Balance Sheet.
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Sources: Asset Purchase Agreement (Douglas Dynamics, Inc), Asset Purchase Agreement (Douglas Dynamics, Inc)
Payment of Adjustment Amount. On or before the fifth 5th Business Day following the final determination of the Final Closing Balance Sheet (the “Settlement Date”)Sheet, either (i) Buyer shall pay deliver to Seller the Companies the amount, if any, by which the Net Working Capital as reflected on the Final Closing Balance Sheet is greater than the Target Net Working Capital as reflected on the Estimated Closing Balance Sheet or (ii) Seller the Appointed Agent shall pay deliver to Buyer the amount, if any, by which the Net Working Capital as reflected on the Final Closing Balance Sheet is less than the Target Net Working Capital as reflected on the Estimated Closing Balance Sheet.
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