Closing Date Net Working Capital Amount definition

Closing Date Net Working Capital Amount means the amount by which (i) Current Assets exceeds (ii) Current Liabilities, in each case, determined as of 12:01 a.m. New York time on the Closing Date and in accordance with GAAP applied in a manner consistent with past practices and the Agreed Accounting Principles.
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Closing Date Net Working Capital Amount shall have the meaning set forth in Section 3.2(g).
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Closing Date Net Working Capital Amount means, an amount, which may be positive or negative, equal to the sum of (a) the Net Working Capital determined as of 12:01 a.m. Wichita time on the Closing Date, in accordance with Section 2.10(b) minus (b) the applicable Target Net Working Capital for the fiscal quarter in which the Closing occurs.
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Examples of Closing Date Net Working Capital Amount in a sentence

  • No indemnity shall, furthermore, be paid if and to the extent that any provision, reserve, debt or expense for the specific matter giving rise to a claim was specifically taken into account in the Financial Statement, in the computation of the Closing Date Net Working Capital Amount or in Schedule 1.3a.

  • The costs of the Tail Policy shall be fully accrued for on the Closing Balance Sheet and shall be included in the calculation of the Closing Date Net Working Capital Amount (except to the extent previously paid by the Company).

  • If (A) the sum of (1) Closing Date Net Working Capital Amount, plus (2) the Collected Receivables Amount as finally determined pursuant to this Section 2.3, minus the Happy ▇▇▇▇▇ Impairment (if any) is less than (B) the Reference Net Working Capital Amount, the Members’ Representative, on behalf of the Company Members, shall cause such shortfall to be paid to the Emdeon Entities out of the Escrowed Consideration pursuant to this Section 2.3(a)(v) and the Escrow Agreement.

  • Furthermore Purchaser shall repay by wire transfer the intercompany loans Seller and Seller’s Affiliated Companies have granted to the Companies as listed in Schedule 3.3.2 (such loans shall be taken into account as financial debt in the calculation of the Closing Date Net Working Capital Amount).

  • The Closing Date Net Working Capital Amount contains provisions to cover all Taxes caused by profits realized or business transacted by the Companies from January 1, 2002 until the Closing Date to the extent included in Schedule 1.2, if such Taxes have not yet been paid before such date.


More Definitions of Closing Date Net Working Capital Amount

Closing Date Net Working Capital Amount means the amount of net working capital of the Business existing at the Closing Date calculated in accordance with Schedule 1.2.
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Closing Date Net Working Capital Amount. (which may be a positive or a negative number) shall mean: (a) the total current assets of the Acquired Company (excluding any current or deferred tax assets and the Closing Date Cash and Equivalents) as of 12:01 a.m. Pacific Time on the Closing Date; minus (b) the total current liabilities of the Acquired Company (excluding any: (i) Closing Date Indebtedness; (ii) Closing Date Member Redemption Liability; (iii) Closing Date Deferred Revenue; and (iv) Closing Date Deferred Tax Liability) as of 12:01 a.m. Pacific Time on the Closing Date, all as determined in accordance with the Accounting Principles based on the Closing Date Balance Sheet.
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Closing Date Net Working Capital Amount has the meaning set forth in Section 1.11(a)(i).
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Closing Date Net Working Capital Amount means the amount by which (i) Current Assets plus Cash exceeds (ii) Current Liabilities and checks outstanding that are not otherwise taken into account in the determination of Cash, in each case, determined as of 12:01 a.m. Chicago time on the Closing Date and in accordance with the Agreed Accounting Principles. “Code” means the Internal Revenue Code of 1986, as amended. “Common Consideration” is defined in Section 1.4 of this Agreement. “Common Holder” is defined in Preamble of this Agreement. “Common Shares” is defined in the Recitals of this Agreement. “Common Stock” is defined in the Recitals of this Agreement.
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Closing Date Net Working Capital Amount means, as of Closing Date, an amount in RMB determined following the methodology defined in Schedule C, prepared based on the consolidated financial information of the Company, and in accordance with PRC GAAP.
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Closing Date Net Working Capital Amount means the Net Working Capital as of the Merger Effective Time, which shall be set forth in the Closing Statement.
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Closing Date Net Working Capital Amount. (which may be a positive or a negative number) shall mean: (a) the total current assets of the Acquired Companies (excluding any current or deferred Tax assets), including Cash on Hand (none of which shall be held in bank accounts outside of the United States), as of 12:01 a.m. Pacific Time on the Closing Date; minus (b) the total current liabilities (excluding any current or deferred Tax liabilities, any Indebtedness, and any Company Transaction Expenses) of the Acquired Companies as of 12:01 a.m. Pacific Time on the Closing Date, in each case calculated in accordance with the sample calculation attached hereto as Exhibit D for the illustrative purposes.
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