Working Capital Target

Working Capital Target. Means as of the Closing Date, (i) the trailing twelve (12) month average of Working Capital as of the Closing Date (calculated in accordance with the procedures and methodology set forth in the definition of Working Capital), with the last month (i.e., the twelfth month) in such average determined as follows: (A) if the Closing occurs on the last business day of any month, the last month in such average shall be the month ended on the Closing Date (e.g., if the Closing occurs on March 31, the... last month included in such average shall be March) and (B) if the Closing occurs on any day other than the last business day of the month, the last month in such average shall be the preceding month end (e.g., if the Closing occurs on March 15, the last month included in such average shall be the month ended February); minus (ii) $3,400,000. View More