Final Closing Date Working Capital definition
Examples of Final Closing Date Working Capital in a sentence
For the avoidance of doubt, for purposes of computing the Final Closing Date Working Capital Amount and the Final Adjustment Amount Due, no cap or limitation on the upward or downward adjustment, if any, to the Purchase Price in respect of the Proposed Final Adjustment Amount Due, shall apply.
In no event shall Purchaser or one or more of its Designated Affiliates be liable for payments or accruals with respect to Accrued Vacation which exceeds the amount accrued for Accrued Vacation on the Final Closing Date Working Capital.
Seller shall have 30 Business Days after the date Buyer delivers the Final Closing Date Working Capital Statement (the “Dispute Period”) to dispute any of the elements of, or amounts reflected on, the Final Closing Date Working Capital Statement and affecting the calculation of the Final Working Capital (a “Dispute”).
During the 30-day period following delivery of the Dispute Notice, Buyer and Seller shall use commercially reasonable efforts in good faith to resolve the Dispute and agree in writing upon the final content of the disputed Final Closing Date Working Capital Statement.
The fees and expenses of the Accountants in connection with resolving any Disputed Item (including attorneys’, accountants’, investigators’ and other professional fees) shall be paid pro rata by each Party in relation to the proportional difference between the Accountants’ final determination of the Disputed Items in connection with the Closing Date Working Capital and the Final Closing Date Working Capital as specified by the Accountants’ Determination.