Average Working Capital definition

Average Working Capital shall have the meaning set forth in Section 3.5(g).
Average Working Capital means, with respect to any specified entity, a 12 month average of customer receivables plus LIFO inventory less accounts payable, divided by revenue, of such specified entity and its subsidiaries for the entire 12 month period, determined on a consolidated basis, in accordance with GAAP and subject to historical internal reporting standards. Calculation of Average Working Capital % shall exclude the impacts of fresh start accounting.
Average Working Capital means the average as of each month end over the trailing 12 month period ending on the last day of the calendar month immediately preceding the Closing Date of the number obtained by subtracting (a) the sum of the current liabilities of the Business in the categories set forth on Appendix E, from (b) the sum of the current assets of the Business in the categories set forth on Appendix E.

Examples of Average Working Capital in a sentence

  • If Buyer so notifies Seller of its objection to the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital, Buyer and Seller shall, within 30 days (or such longer period as the parties may agree) following such notice (the "Resolution Period"), attempt to resolve their differences and any resolution by them as to any disputed amounts shall be final, binding and conclusive.

  • If following resolution of any disputed amounts there do not remain in dispute amounts the aggregate net effect of which exceeds $2.5 million, then all amounts remaining in dispute shall be deemed to have been resolved in favor of the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital delivered by Seller to Buyer.

  • Firm that has a minimum Average Working Capital of Rs. 14 Million based on the last three years audit reports.

  • Buyer may dispute items reflected in the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital only on the basis that such amounts were not arrived at in conformity with GAAP.

  • In addition, Seller shall calculate the average Working Capital of the Business over the 12 months shown on the Monthly Balance Sheets (the "Average Working Capital").


More Definitions of Average Working Capital

Average Working Capital for a given fiscal year shall mean the result of:
Average Working Capital means $392,584. (c) At least three Business Days before the Closing, the Company will prepare and deliver to Buyer an estimated calculation and statement of the Working Capital (the "Estimated Statement") based upon the books and records of the Company as of the time such books and records are closed on the day preceding the day of delivery of the Estimated Statement. The Company will prepare the Estimated Statement in good faith, and it will be subject to Buyer's review and written approval. If the estimated Working Capital set forth on the Estimated Statement (the "Estimated Working Capital") exceeds the Average Working Capital, then the Purchase Price will be increased by the amount of such excess. If the Estimated Working Capital is less than the Average Working Capital, then the Purchase Price will be reduced by the amount of such deficiency. (d) As promptly as practicable, but in any event within 60 days after the Closing, the Company will cause to be prepared and delivered to Buyer a balance sheet for the Company as of the Closing (the "Closing Balance Sheet"), which will be audited by McGladrey & Xxxxxx, LLP ("M&P"), certified public accountants, and certified by such firm to have been prepared in accordance with generally accepted accounting principles applied in a manner consistent with that used to prepare the Audited Financial Statements. The Closing Balance Sheet will be accompanied by a statement (the "Statement of Working Capital") prepared by such accountants and setting forth the Working Capital, which will be calculated by reference to the Closing Balance Sheet. (e) Subject to paragraph (f) below, within fifteen days after delivery of the Closing Balance Sheet and the Statement of Working Capital, (i) the Company will pay to Buyer the amount, if any, by which the Estimated Working Capital exceeds the Working Capital, or (ii) Buyer will pay to the Company the amount, if any, by which the Working Capital exceeds the Estimated Working Capital. Payments, if any, by the Company or Buyer pursuant to this paragraph will be made by wire transfer of immediately available funds. The parties will treat any payment made pursuant to this paragraph as an adjustment to the Purchase Price. (f) Buyer's certified public accountants, Deloitte & Touche LLP ("D&T"), will be permitted to review the Closing Balance Sheet and Statement of Working Capital and M&P's workpapers related thereto during the preparation thereof and during the 15 day period following de...
Average Working Capital. Section 1.9(a) “Blue Sky Laws” Section 1.12(b) “Business Day” Section 10.2(f) “Calculation Date Working Capital” Section 1.8(a)
Average Working Capital means the average Working Capital of Acquired Entity for a consecutive ten (10) business day period ending at 5;00 p.m. on the day prior to the Closing Date.
Average Working Capital shall have the meaning set forth in SECTION 3.5(G).
Average Working Capital means $5,825,522.00 which the parties acknowledge and agree has been calculated in accordance with the definition of Working Capital for the period from July 1998 to February 1999, in accordance with SECTION 4.02 SCHEDULE (A) "Buyer's Environmental Expenditures" means all expenditures paid by Buyer which are necessary to cause the Acquired Business to be in compliance with any and all requirements of Environmental Laws as of the Closing Date, including, without limitation, all Environmental Permits issued under or pursuant to such Environmental Laws, including, without limitation, all expenditures related to all fees, disbursements and expenses of counsel, experts, personnel and consultants based on, arising out of or otherwise in respect of the operations of the Acquired Business on or prior to the Closing. Buyer's Environmental Expenditures shall not include any expenditure or Damage incurred by Buyer with respect to any Remedial Action or any Included Property or the Property as defined in the Real Estate Purchase Agreement (purchased by Buyer as part of the Assets or leased pursuant to this Agreement).
Average Working Capital means, with respect to any fiscal year, the sum of (i) the average of inventory (net of reserves) of the Company on the last day of each of the thirteen (13) consecutive months ending with the last month of the Company's fiscal year; and (ii) the average of accounts receivable (net of reserves) of the Company on the last day of each of the thirteen (13) consecutive month ending with the last month of the Company's fiscal year. With respect to any other period, "Average Working Capital" means the sum of (i) the average of inventory (net of reserves) of the Company on the last day of each of the months during such period and on the last day of the month immediately preceding the first day of such period; and (ii) the average of accounts receivable (net of reserves) of the Company on the last day of each of the months during such period and on the last day of the month immediately preceding the first day of such period.