Target Adjusted Working Capital definition
Examples of Target Adjusted Working Capital in a sentence
In the event the Adjusted Working Capital reflected on the Closing Balance Sheet is greater than the Target Adjusted Working Capital by more than Five Hundred Thousand dollars ($500,000), then the Parent shall cause the Buyer to pay to Shareholder, or the Parent shall pay to Shareholder, an amount equal to the total amount by which Adjusted Working Capital exceeds Target Adjusted Working Capital, on a dollar-for-dollar basis, by wire transfer of immediately available funds.
The Proposed Final Adjusted Working Capital shall be determined on a basis consistent with the manner in which the Target Adjusted Working Capital set forth on the Working Capital Statement as of September 30, 2003 was prepared.
After the Closing the Purchase Price shall be adjusted to reflect the difference between the Target Adjusted Working Capital and the Final Adjusted Working Capital and the difference between $17,500,000 and the Actual IP Contributions.
The Net Working Capital Adjustment shall be the Adjusted Net Working Capital as of Closing Date less the Target Adjusted Working Capital.
For the avoidance of doubt, neither the Adjusted Working Capital nor the Target Adjusted Working Capital shall be increased or decreased by any such MISO Amounts.