Adjusted Net Working Capital definition

Adjusted Net Working Capital means (x) the current assets of Sellers (not including Cash Equivalents of Sellers or any other Excluded Assets) minus (y) the current Liabilities of Sellers (not including Indebtedness of Sellers or any other Excluded Liabilities);
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Adjusted Net Working Capital has the meaning set forth in Section 2.2.2(c).
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Adjusted Net Working Capital means an amount equal to the Aggregate Adjusted Current Assets less the Aggregate Adjusted Current Liabilities.
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Examples of Adjusted Net Working Capital in a sentence

  • If Current Liabilities exceed Current Assets, the Closing Adjusted Net Working Capital shall be deemed to be a negative amount.

  • If Current Assets exceed Current Liabilities, the Closing Adjusted Net Working Capital shall be deemed to be a positive amount.

  • If there is an inconsistency between Seller Accounting Principles and the Adjusted Net Working Capital Example, the Adjusted Net Working Capital Example shall control.

  • Within 120 days after the Closing Date, Buyer shall prepare and deliver to Seller a statement of the current assets and current Liabilities of Seller as of the Closing Date (the “Closing Date Net Working Capital Statement”) for purposes of specifically determining the Adjusted Net Working Capital of the Business as of the Closing Date.

  • If the Certified Closing Adjusted Net Working Capital is less than Target Adjusted Net Working Capital, then Splitco shall pay or cause to be paid at the Closing an amount equal to such difference to TCCC.


More Definitions of Adjusted Net Working Capital

Adjusted Net Working Capital means an amount equal to:
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Adjusted Net Working Capital means, with respect to the Company and its Consolidated Subsidiaries at any date of determination (i) the Adjusted Current Assets of the Company and its Consolidated Subsidiaries, minus (ii) the Adjusted Current Liabilities of the Company and its Consolidated Subsidiaries (excluding liabilities accrued in respect of the Company's non-cash stock-based deferred compensation program).
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Adjusted Net Working Capital means, with respect to the Consolidated North American Business Entities, on a consolidated basis, as of the Effective Time (after taking into account the transactions contemplated by this Agreement) the amount equal to their (i) current assets determined in accordance with GAAP (as applied by the North American Business as of the date hereof) consistently applied but including and/or excluding the items specified on the Statement of Adjusted Net Working Capital attached hereto as Schedule C, minus (ii) current liabilities determined in accordance with GAAP (as applied by the North American Business as of the date hereof) consistently applied but including and/or excluding the items specified on the Statement of Adjusted Net Working Capital attached hereto as Schedule C.
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Adjusted Net Working Capital means Adjusted Current Assets minus Adjusted Current Liabilities of the Companies, determined as of 11:59 pm on the day prior to the Closing Date, calculated as set forth on Schedule 1.01(a).
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Adjusted Net Working Capital means the Initial Working Capital MINUS any amount of the account receivable total line item on the Closing Date Balance Sheet that remains unpaid on the Realization Date net of reserves.
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Adjusted Net Working Capital means (i) the amount of Adjusted Current Assets minus (ii) the amount of Adjusted Current Liabilities, in each case, as of the close of business on the day immediately prior to the Closing Date. Adjusted Net Working Capital shall be calculated in accordance with the principles and provisions detailed in Section 2.4(b) of the Disclosure Schedules.
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Adjusted Net Working Capital means Adjusted Current Assets minus Adjusted Current Liabilities. Attached hereto as Exhibit A is a sample computation of Adjusted Net Working Capital.
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