Baseline Working Capital Amount definition

Baseline Working Capital Amount means an amount equal to $45,502,127, which is the amount of the Working Capital of the Business as of February 28, 2003, as more particularly calculated on Schedule 3.2(a).

Baseline Working Capital Amount means $5,347,764, which is the Working Capital Amount as set forth in the balance sheet of the Company contained in the unaudited, consolidating management reports for the Company, GMI and the Company Group as of March 31, 2010. The “Working Capital Amount” shall mean, as of a particular date, an amount equal to (i) the consolidated current assets of the Company minus (ii) the consolidated current liabilities of the Company (excluding, for the avoidance of doubt, long-term portion of any liabilities, and deferred Tax liabilities that solely relate to the difference between book income and taxable income), in each case calculated in accordance and consistently with the past practices of the Company (“Company Accounting Practices”). In calculating the Working Capital Amount, the calculation shall be performed in a manner consistent with the example of the net working capital calculation attached hereto as Annex A. For the avoidance of doubt, for purposes of the calculation of the Working Capital Amount, all deferred Tax liabilities of the Company shall be properly accrued on the balance sheet contained in the unaudited management reports for the Company in accordance and consistently with their respective past practices, as adjusted in this Section 1.4(a) and Annex A attached hereto.

Baseline Working Capital Amount means $17,470,000. -------------------------------

Examples of Baseline Working Capital Amount in a sentence

• Such payment shall be made by Buyer to Seller in cash, by cashier’s or certified check, or by wire transfer of immediately available funds in United States Dollars to the accounts designated by Seller pursuant to the immediately preceding sentence.(ii) If the Actual Closing Date Working Capital Amount is less than the Baseline Working Capital Amount, Buyer shall be entitled to receive an amount by which (A) the Baseline Working Capital Amount exceeds (B) the Actual Closing Date Working Capital Amount.

• The consolidated Working Capital of AAI as of June 30, 2006, less $446,453.00, was $4,123,376.07 (the "Baseline Working Capital Amount"), and its calculation is set forth in Section 2.1 of the Disclosure Document.

• The Preliminary Statement of Working Capital shall be prepared using the same methodology as was used to prepare the calculation of the Baseline Working Capital Amount, except that the $446,453.00 will not be subtracted in determining Working Capital for purposes of the Preliminary Statement of Working Capital.

• The Baseline Working Capital Amount and the AAI Financial Statements have been prepared in accordance with GAAP and fairly present the financial position of the Sellers as of their dates and the results of operations for the periods covered by them.

• If span adjustment is required, the following procedure will span the unit:• Perform zero adjustment before spanning.• Apply span gas at 0.5 to 1.0 L/min.• Sensor should react to gas within 15 seconds• Once the output signal has peaked (or five minutes maximum) adjust the span pot until the correct output is achieved (see Figure 3).

• The unaudited financial statements referred to in the first sentence of this Section 3.6 and the Baseline Working Capital Amount have been prepared on a basis consistent with the audited financial statements referred to in that sentence and the audited financial statements of Maxco contained in its Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on July 14, 2006.

• In support of the I-360, the young person must file a copy of the juvenile court predicate order as well as proof of age.

• The calculation of the Baseline Working Capital Amount is set forth on Schedule 3.2(a).

• If the Working Capital set forth in the Preliminary Statement of Working Capital exceeds the Baseline Working Capital Amount, then the Purchase Price payable at the Closing (the "Closing Purchase Price") shall be the sum of $58,000,000 and the amount of that excess.

• If the Working Capital set forth in the Preliminary Statement of Working Capital is less than the Baseline Working Capital Amount, then the Closing Purchase Price shall be $58,000,000 less the amount of that excess.

More Definitions of Baseline Working Capital Amount

Baseline Working Capital Amount means sixteen million two hundred thousand dollars ($16,200,000).

Baseline Working Capital Amount means Seven Million Five Hundred Thousand Dollars ($7,500,000). The “Working Capital Amount” shall mean an amount equal to (i) the current assets of the Company minus (ii) the current liabilities of the Company, all as determined in accordance with generally accepted accounting principles of the United States, consistently applied. In calculating the Working Capital Amount, the calculation shall be performed in a manner consistent with the example of the net working capital calculation attached hereto as Annex D (the “Net Working Capital Example”). Any payment by Buyer at Closing to pay Company’s Bank Debt shall be added back to the Working Capital Amount to the extent such Bank Debt was otherwise part of the Working Capital Amount.

Baseline Working Capital Amount means Four Million Three Hundred Eighty-Four Thousand Dollars ($4,384,000). The “Working Capital Amount” shall mean an amount equal to (i) the consolidated current assets of the Company Group minus (ii) the consolidated current liabilities of the Company Group. In calculating the Working Capital Amount, the calculation shall be performed in a manner consistent with the example of the net working capital calculation attached hereto as Annex D (the “Net Working Capital Example”). For the avoidance of doubt, for purposes of the calculation of the Working Capital Amount, (t) no accrual shall be made with respect to personal/sick leave time available to employees of the Company Group, (u) the amount of cash held in the Reserve Account, if any, shall not be treated as a current asset; however, the amount of the Cash Deposit, if any, held for the account of the Company as of the Closing Date, as well as any other cash, if any, held by the Company as of the Closing Date (after payment of the amounts specified in Section 1.4(a)), shall be treated as a current asset; (v) except as otherwise provided in clause (z) below, the current portion of all deferred Tax assets (including deferred Tax assets resulting from any income tax deductions described in Section 3.9(d)), shall be treated as current assets, (w) all deferred Tax liabilities of the Company Group shall be properly accrued on the balance sheet of the Company Group in accordance with generally accepted accounting principles of the United States (“GAAP”), (x) all Tax liabilities (and associated costs and expenses) for federal, state and local income Taxes that are taken into account in determining the Reserve Account shall be excluded from the current liabilities, (y) as reflected on Annex D, the LTM Advance and any deferred liabilities (other than the current portion of deferred Tax liabilities) shall be excluded from the calculation of current liabilities, and (z) the Insurance Tail Coverage (and any tax benefit arising from the premiums paid or to be paid with respect thereto) shall not be included as a current asset of the Company Group.

Baseline Working Capital Amount means the Baseline Working Capital Amount set forth on the Baseline Statement.

Baseline Working Capital Amount means $7,000,000.00.

Baseline Working Capital Amount means the average of the Working Capital Amount for the three months ended immediately preceding the Closing (including the month in which the Closing occurs if the Closing Date is the last day of a calendar month).