Projected Net Working Capital definition

Projected Net Working Capital means the amount of Net Working Capital of the Company reflected on the Preliminary Closing Balance Sheet.
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Projected Net Working Capital has the meaning given in Section 9.5(a).
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Projected Net Working Capital means $3,000,000.
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Examples of Projected Net Working Capital in a sentence

  • In the event the actual Net Working Capital of the Business as of the Closing Date ("Closing Net Working Capital") is determined to be less than or greater than Projected Net Working Capital, the Purchase Price shall be adjusted in the following manner: Within thirty (30) days following the Closing Date, the actual Net Working Capital as the Closing Date shall be determined by Seller and such determination shall be subject to reasonable review and confirmation by Purchaser.

  • The Purchase Price shall be increased by the amount that Closing Net Working Capital exceeds Projected Net Working Capital.

  • The Purchase Price shall be reduced by the amount that Projected Net Working Capital exceeds Closing Net Working Capital.

  • The Purchase ------------------------------------------- Price will be adjusted upward or downward, on a dollar-for-dollar basis, to reflect the increase or decrease, if any, in Net Working Capital as reflected on the Audited Closing Financial Statements from the Projected Net Working Capital (the "Net Working Capital Adjustment").

  • The Purchase Price will ------------------------------------------- be adjusted upward or downward, on a dollar-for-dollar basis, to reflect the increase or decrease, if any, in Net Working Capital as reflected on the Audited Closing Financial Statements from the Projected Net Working Capital (the "Net Working Capital Adjustment").

  • Closing Date Projected Net Working Capital will be reconciled with the Closing Date Actual Net Working Capital.

  • The Projected Net Working Capital shall be used for purposes of calculating the Purchase Price as of the Closing.

  • The Redemption Price ------------------------------------------- will be adjusted upward or downward, on a dollar-for-dollar basis, to reflect the increase or decrease, if any, in Net Working Capital as reflected on the Audited Closing Financial Statements from the Projected Net Working Capital (the "Net Working Capital Adjustment").

  • Such determination shall be made in accordance with GAAP and consistent with the definition of Projected Net Working Capital.

  • The Company's Net Working Capital at ------------------- the Closing (as determined based on the Company's preliminary closing balance sheet prepared not more than five days prior to the Closing Date) shall not be less than Projected Net Working Capital and the Company shall continue to have at least $100,000 in cash and cash equivalents on hand at the Closing or the Cash Purchase Price payable at Closing will be reduced by the amount of such deficit(s).


More Definitions of Projected Net Working Capital

Projected Net Working Capital shall have the meaning set out in Section 2.1.
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Projected Net Working Capital means: (i) the aggregate current assets of Seller, other than the Excluded Assets, projected as of the Closing Date, and expressly including the value of the inventory as determined consistent with past practice, minus (ii) the aggregate current liabilities of Seller assumed by Purchaser projected as of the Closing Date, expressly including but not limited to the PTO Accrued Liabilities. Projected Net Working Capital shall be determined in accordance with GAAP, applied on a basis consistent with past practices using the same policies, methodologies and assumptions used in connection with the preparation of the determination of Projected Net Working Capital set forth on Schedule 2.5. Purchaser and Seller agree that Projected Net Working Capital as of Closing Date is as set forth on Schedule 2.5.
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Projected Net Working Capital means $850,000.
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Projected Net Working Capital means $1,000,000.
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Projected Net Working Capital means a good faith projection of the unaudited statement of Closing Net Working Capital as set forth in Exhibit 2.3(a). “Proportionally” shall mean, as to Sellers, in the proportions set forth on Schedule 2.2(b), and as to the Parent Shareholders, in the same proportion as their relative ownership of Parent Stock as set forth on Schedule 3.1C. 9
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Related to Projected Net Working Capital

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Target Net Working Capital means $0.