Statement of Net Working Capital definition

Examples of Statement of Net Working Capital in a sentence

• In preparing the Statement of Net Working Capital it has been agreed that no accrual shall be made for sick and vacation pay entitlements for employees of Company.

• In the event the total amount collected with respect to accounts receivable reflected on the Statement of Net Working Capital exceeds the amount of such accounts receivable net of the applicable reserve for bad debts, Purchaser shall pay the excess to Sellers pro rata on the 200th day following Closing.

• Notwithstanding anything in this Article X, no Buyer Indemnified Person shall be deemed to have incurred any Losses with respect to any liability to the extent such liability was included in the calculation of the Net Working Capital Amount pursuant to the Closing Statement of Net Working Capital and deducted from the Cash Consideration pursuant to Section 2.1(a).

• Partner Company Stockholder shall not be permitted to give a notice of disagreement with respect to the Statement of Net Working Capital prepared by Founder unless the amount in dispute exceeds $20,000.

• Finally, with respect to any matter for which a reserve or liability was established on the Audited Statement of Net Working Capital, the Buyer shall not be entitled to indemnification for any Adverse Consequences under Section 8(b) to the extent of any such reserve or liability.

• All determinations by the Independent Accountant shall be final, conclusive and binding upon the Parties with respect to the Audited Statement of Net Working Capital and the allocation of fees and expenses.

• The Audited Financial Statements, the 2005 Financial Statements, the Unaudited Financial Statements, the Management Accounts and the Closing Statement of Net Working Capital are collectively referred to herein as the "Financial Statements".

• Within three (3) Business Days of the Closing Statement of Net Working Capital being deemed final, an adjustment shall be made such that the Net Working Capital Amount is reflected in the Final Installment in accordance with Section 2.1(a).

• The post-Closing adjustment to the Purchase Price, if any, plus interest on the amount of any such adjustment calculated at a per annum rate of five per cent (5%) from the Closing Date, shall be paid by the Seller to the Buyer or by the Buyer to the Seller, as the case may be, in immediately available funds within fifteen (15) days of delivery of the Audited Statement of Net Working Capital as finally determined.

• As promptly as practicable, but in any event within fifteen (15) Business Days following the Closing Date, the Seller Parties shall deliver to Buyer the Closing Statement of Net Working Capital.