Closing Net Working Capital definition
Closing Net Working Capital means the Net Working Capital as of the Effective Time.
Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Closing Net Working Capital means (a) the sum of (i) the Accounts Receivable plus the notes and trade accounts receivable of the Acquired Company, and (ii) the Inventory, the Prepaid Inventory plus the inventory of the Acquired Company, minus (b) the accounts payable and other current liabilities of the Acquired Company, in each case calculated as of the close of business on the Closing Date, in accordance with the Calculation Principles and with the line items contained in the sample of the Final Closing Net Working Capital set forth in Schedule 2.6(h).
Examples of Closing Net Working Capital in a sentence
Celsius shall provide that each Transferred Business Employee shall, for the fiscal year in which the Transfer Time occurs, be paid an amount no less than the amount accrued in Closing Net Working Capital with respect to his or her (i) annual bonus for the applicable fiscal year, and (ii) long-term cash incentive for completed performance periods, as applicable.
Following the expiration of the Offer Period, Celsius shall reimburse PepsiCo for any such bonus amounts accrued in Closing Net Working Capital that relate to Business Employees who do not become Transferred Business Employees.
More Definitions of Closing Net Working Capital
Closing Net Working Capital means the Net Working Capital of the Company and its Subsidiaries as of the Calculation Time. For the avoidance of doubt, Closing Net Working Capital shall not include any amount included in the computation of Closing Indebtedness or Transaction Expenses.
Closing Net Working Capital means (i) the Current Assets, minus (ii) the Current Liabilities, in each case, as of the close of business on the Business Day immediately preceding the Closing Date after giving effect to the Restructuring and as determined in accordance with Exhibit D attached hereto.
Closing Net Working Capital means the Net Working Capital of the Company as of 12:01 a.m. Eastern Time on the Closing Date. For the avoidance of doubt, Closing Net Working Capital shall be calculated without duplication of any amounts included in Closing Indebtedness or Transaction Expenses.
Closing Net Working Capital has the meaning set forth in Section 1.9.1.
Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.
Closing Net Working Capital means Net Working Capital as of immediately prior to the Closing.
Closing Net Working Capital shall have the meaning ascribed to such term in Section 4.02(a) below;