Adjusted Working Capital Amount definition

Adjusted Working Capital Amount means the amount computed by subtracting Adjusted Current Liabilities from Adjusted Current Assets as finally determined in accordance with Section 7.09(c). Adjusted Working Capital will exclude amounts relating to the 1999 Xxxx Portable Plant and the upgrade of the aggregate section of the Detroit batch plant (bins).

Adjusted Working Capital Amount means an amount equal to, as of the Closing, (i) the aggregate of all current assets of the Company, less (ii) all current liabilities of the Company, in each case, determined in accordance with GAAP (as consistently applied by the Company, to the extent in accordance with GAAP); provided, that for this purpose, and for the avoidance of doubt, current liabilities of the Company shall not include (1) Change in Control Payments, (2) Transaction Expenses, (3) Company Debt, or (4) severance amounts payable to non-Executive employees of the Company or its Subsidiaries under the Standard Severance Matrix as a result of such employees not continuing their employment with the Company or its Subsidiaries or becoming employees of Parent or its Affiliates following the Closing. The calculation of the Adjusted Working Capital Amount based on the Current Balance Sheet and the methodology relating thereto is set forth in Schedule 6.5, which the parties agree will be the methodology used in determining the Adjusted Working Capital Amount.

Adjusted Working Capital Amount means an amount equal to, as of the Closing, (i) the aggregate of all current assets of the Company (except for cash or cash equivalents), less (ii) all current liabilities of the Company (including unearned revenue), in each case, determined in accordance with GAAP (as consistently applied by the Company); provided, however, that for this purpose current liabilities of the Company shall not include (A) Company Debt, (B) severance amounts payable to current Employees as a result of Parent or the Surviving Corporation terminating the employment of any such Employees at or following the Closing and

Examples of Adjusted Working Capital Amount in a sentence

• The Seller's objection, if any, to the Accountants' CAWCA Report (the "Seller's CAWCA Objection") shall set forth in reasonable detail the Seller's objection(s) to the Accountants' CAWCA Report and the Seller's calculation of the Closing Adjusted Working Capital Amount.

• The Accountants shall issue a report as to their determination of the Closing Adjusted Working Capital Amount (the "Accountants' CAWCA Report") promptly after their determination of such amount and the Purchaser shall deliver the Accountants' CAWCA Report to the Seller no later than sixty (60) days following the Closing Date.

• Nevertheless, to the extent there are any creditors with respect to a series of notes whose recourse is not so limited Noteholders may be exposed to risks incurred for the account of other series.

• The determination of the Closing Adjusted Working Capital Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Seller shall object to the Accountants' CAWCA Report within fifteen (15) days following their receipt of the Accountants' CAWCA Report.

• Promptly following the Closing and in order to verify the accuracy of the adjustment made at the Closing, the Purchaser agrees to cause the Accountants to verify the amount of the Closing Adjusted Working Capital Amount.

• The Adjustment Schedule will set forth the computation of the Adjusted Working Capital Amount.

• The determination of the Closing Adjusted Working Capital Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Seller shall object to the Accountants' CAWCA Report within fifteen (15) days following its receipt of the Accountants' CAWCA Report.

• Promptly following the Closing, and in order to verify the accuracy of the adjustment made at the Closing, the Purchaser agrees to cause the internal accounting staff and the independent certified public accountant of the Purchaser (the "Accountants") to verify the amount of the Closing Adjusted Working Capital Amount.

• The determination of the Closing Adjusted Working Capital Amount by the Accountants shall be conclusive and binding upon the parties hereto unless the Sellers shall object to the Accountants' CAWCA Report within fifteen (15) days following their receipt of the Accountants' CAWCA Report.

• The Accountants shall issue a report as to their determination of the Closing Adjusted Working Capital Amount (the "Accountants' CAWCA Report") promptly after their determination of such amount and the Purchaser shall deliver the Accountants' CAWCA Report to the Sellers no later than sixty (60) days following the Closing Date.

More Definitions of Adjusted Working Capital Amount

Adjusted Working Capital Amount means Scheduled Assets minus Scheduled Liabilities.

Adjusted Working Capital Amount means the amount computed by subtracting Adjusted Current Liabilities from Adjusted Current Assets.

Adjusted Working Capital Amount has the meaning set forth in Section 2.13(a).

Adjusted Working Capital Amount means (i) the aggregate dollar amount of all assets properly characterized as current assets of Target and its Subsidiaries under the Specified Accounting Principles as of the time immediately prior to the Closing, plus (ii) the aggregate dollar amount of all payments of Specified Transactional Expenses made at or prior to the Closing, minus (iii) the aggregate dollar amount of all liabilities properly characterized as current liabilities of Target and its Subsidiaries under the Specified Accounting Principles as of the time immediately prior to the Closing (including current liabilities representing accrued bonuses payable to Rxxxxxx X. Xxxxxxxx and Rxxxxxx X. Xxxxxxxx), excluding all such liabilities representing obligations to pay Specified Transactional Expenses.

Adjusted Working Capital Amount means an amount equal to, as of the Closing, (i) all assets of the Company, less (ii) all Liabilities to the extent required to be reflected on the Company’s balance sheet in accordance with GAAP other than the liabilities set forth on Schedule 1.6(a)(i) hereto (the “Excluded Liabilities”). In calculating the Adjusted Working Capital Amount, it will be assumed (i) that the deferred revenue balances as of the Closing are the same as the deferred revenue balances as reflected on the Interim Financials such that the Adjusted Working Capital Amount will not be affected by any increase or decrease in deferred revenue between the Balance Sheet Date and the Closing and (ii) that (a) the Vested Option Exercise Price and (b) proceeds from the exercise (or deemed proceeds from the net exercise) of the Company Warrants are included as cash received by the Company as of the Closing.

Adjusted Working Capital Amount means an amount equal to, as of the Closing, (i) all current assets of the Company, less (ii) all current Liabilities to the extent required to be reflected on the Company’s balance sheet in accordance with GAAP other than the current Liabilities set forth on Schedule 1.5(b)(i) hereto (the “Excluded Liabilities”). In calculating the Adjusted Working Capital Amount, it will be assumed that the proceeds from the exercise (or deemed proceeds from the net exercise) of the Company Options are included as cash received by the Company as of the Closing.