Working Capital Requirements. The Contractor must demonstrate and maintain working capital as specified below. For the purposes of this Contract, working capital is defined as current assets minus current liabilities. Throughout the terms of this Contract, the Contractor must maintain a positive working capital, subject to the following conditions:
Working Capital Requirements. Dealer shall maintain net working capital in amounts necessary for Dealer to comply with its obligations under this Agreement.
Working Capital Requirements. Dealer shall maintain, at all times, sufficient working capital to meet or exceed the minimum net working capital standards for Dealer as determined from time to time by Distributor consistent with its standard policies. Dealer shall provide such documentation as is reasonably requested by Distributor to assure compliance with this requirement. Public Company agrees to submit an annual consolidated balance sheet for the combined dealership operations of Public Company. Public Company agrees, upon Distributor's request, to provide Distributor with copies of the materials filed by Public Company with the Securities and Exchange Commission.
Working Capital Requirements. Throughout the term of this Contract, the Contractor must demonstrate and maintain a positive working capital, subject to the following conditions:
Working Capital Requirements. Contribution and payment rules In view of the contribution of working capital requirements under Article 3.1 above, the Parties agree to apply the following principle: The Contributing Company’s inventories, accounts receivable and payable recorded in the individual company financial statements of the Business Line shall be fully contributed to the Beneficiary Company, subject to the exclusions stipulated in Article 6.8.2 below.
Working Capital Requirements. The ICO must demonstrate and maintain working capital as specified below. For the purposes of the contract, working capital is defined as current assets minus current liabilities. Throughout the terms of the contract, the ICO must maintain a positive working capital, subject to the following conditions: If an ICO’s working capital falls below zero, the ICO must immediately notify EOHHS and submit a written plan within 30 days, certified by an independent auditor, to reestablish a positive working capital balance for approval by EOHHS. EOHHS may take any action it deems appropriate, including termination of the contract, if the ICO: Fails to report a negative working capital balance that is subsequently identified through an audit; Does not propose a plan to reestablish a positive working- capital balance within a reasonable period of time as determined by EOHHS; Violates a corrective plan approved by EOHHS; or EOHHS determines that negative working capital cannot be corrected within a reasonable amount of time as determined by EOHHS.
Working Capital Requirements. On the Closing Date, the Stockholder shall deliver to Sub a balance sheet of the Company dated as of the most recent practicable date preceding the Closing Date, prepared in accordance with the Accounting Principles (the "Estimated Closing Date Balance Sheet"). The Estimated Closing Date Balance Sheet shall show as of the date thereof, after taking into account the payment of any of the fees, costs and expenses by the Company incurred in connection with this Agreement, consolidated net working capital equal to or greater than the consolidated net working capital of the Company as set forth on the Company Balance Sheet.
Working Capital Requirements. Section 5.22 of the Loan Agreement is hereby amended and restated to read as follows:
Working Capital Requirements. Parent shall use commercially reasonable efforts to ensure that Parent is capitalized with at least $4,000,000 of unrestricted cash at the Effective Time, which cash shall be available to fund working capital and general and administrative expenses of Parent and the Surviving Corporation.
Working Capital Requirements. Any amounts to be paid to the Company pursuant to Section 1.6(b) shall have been paid.
