Example Statement of Net Working Capital definition
Examples of Example Statement of Net Working Capital in a sentence
The Initial Net Working Capital Statement shall be prepared in accordance with the practices and methodologies applied in preparing the Example Statement of Net Working Capital and shall be based exclusively on the facts and circumstances as they existed as of 11:59 pm on the Distribution Date, provided that the effects of the AS Separation Transaction and any event, act, change in circumstances or similar development arising or occurring after the Distribution Date shall be disregarded.
In determining whether any specific account or sub-account on the balance sheet is included or excluded from Net Working Capital, treatment will be consistent with the Example Statement of Net Working Capital.
The Closing Statement shall be prepared in accordance with the Agreed Accounting Policies and consistent with the example calculation set forth on the Example Statement of Net Working Capital.
In resolving the disputed items, the Accounting Firm shall (i) only consider those items and amounts as to which SDS and AS SpinCo have disagreed within the time periods and on the terms specified above and (ii) only make adjustments based on noncompliance with the practices and methodologies applied in preparing the Example Statement of Net Working Capital.
The Estimated Net Working Capital Amount shall be calculated in accordance with the Agreed Accounting Policies and consistent with the example calculation set forth on the Example Statement of Net Working Capital.