Working Capital Excess Amount definition
Examples of Working Capital Excess Amount in a sentence
If the amount of Net Working Capital on the Conclusive Net Working Capital Statement is greater than the Estimated Net Working Capital (the "Final Net Working Capital Excess Amount"), Splitco shall pay to Parent an amount in cash equal to the Final Net Working Capital Excess Amount.
If there is an Estimated Working Capital Excess Amount, the amount shall be paid to Red Cat as additional Cash Consideration at the Closing.
To the extent that the Estimated Net Working Capital results in an Estimated Working Capital Excess Amount, the Purchase Price to be paid at Closing will be increased on a dollar-for-dollar basis by the amount of such Working Capital Excess Amount.
Any amount to be paid by Purchaser pursuant to this Section 1.8(b) shall be paid when the Working Capital Excess Amount or Working Capital Deficiency Amount is paid, provided that if the Final Working Capital has not been determined in accordance with Section 3.3 by March 31, 2006, or such Working Capital Excess Amount or Working Capital Deficiency Amount has not been paid by March 31, 2006, such Cash-Out Amount shall be paid on March 31, 2006.
The amount payable by Buyer to Sellers at the Closing shall be an amount (the “Closing Date Payment Amount”) in Dollars equal to (i) the Base Closing Cash Amount plus (ii) the Estimated Net Working Capital Excess Amount, if any, minus (iii) the Estimated Net Working Capital Deficiency Amount, if any, minus (iv) the Estimated Transaction Expenses minus (v) the Estimated Closing Date Indebtedness.
For purposes of this Agreement, any Net Working Capital Excess Amount shall be deemed to be an increase in the Initial Consideration and any Net Working Capital Deficiency Amount shall be deemed to be a decrease in the Initial Consideration.
If the Modified Working Capital set forth on the Final Modified Working Capital Statement exceeds the Modified Working Capital set forth on the Estimated Modified Working Capital Statement by an amount (such amount, the “Working Capital Excess Amount”) equal to or greater than the Working Capital Deductible Amount, then the Acquiror shall pay to GE an amount of cash equal to the Working Capital Excess Amount minus the Working Capital Deductible Amount.
Any Net Working Capital Excess Amount shall be deemed to be an increase in the Transaction Consideration and any Net Working Capital Deficiency Amount shall be deemed to be a decrease in the Transaction Consideration for purposes of this Agreement.
Subject to Section 2.4(i), in the event the Closing Net Working Capital Statement contains a Closing Net Working Capital Excess Amount, then Buyer shall pay Shareholders’ Representative the Closing Net Working Capital Excess Amount and Buyer and Shareholders’ Representative shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release the Working Capital Escrow Amount to Shareholders’ Representative.
In the event that no Closing Statement Objection is delivered to Buyer pursuant to this Section 2.4(e), the Preliminary Closing Statement shall be considered the Final Closing Statement for all purposes hereunder, and the applicable Party shall pay (i) the Closing Net Working Capital Deficiency Amount or the Closing Net Working Capital Excess Amount, as applicable, pursuant to Section 2.4(g); (ii) any excess or deficiency applicable to the Company Closing Payments pursuant to Section 2.4(h); or (iii) both.