Target Net Working Capital Range definition
Examples of Target Net Working Capital Range in a sentence
The Accounting Firm’s role shall be limited to resolving such objections and determining the correct calculations to be used on only the disputed portions of the Closing Statement, and the Accounting Firm shall not make any other determination, including any determination as to whether any other items on the Closing Statement are correct or whether the Target Net Working Capital or the Target Net Working Capital Range is correct.
If the Final Net Working Capital is within the Target Net Working Capital Range, there shall be no adjustment to the Purchase Price pursuant to this Section.
The Accounting Arbitrator shall not make any other determination, including any determination as to whether the Target Net Working Capital Range is correct.
If the Estimated Closing Net Working Capital is above the top end of the Target Net Working Capital Range, Parent shall increase the aggregate amount of the Merger Consideration by an amount equal to 75% of the difference between the Estimated Closing Net Working Capital and the top end of the Target Net Working Capital Range.
If the Final Net Working Capital is below the low end of the Target Net Working Capital Range, then Parent and the Surviving Corporation shall be entitled to remove from the Escrow Fund an amount equal to the difference between the Final Net Working Capital amount and the low end of the Target Net Working Capital Range.