Change in Working Capital definition

Change in Working Capital means, with respect to the Borrower and the Restricted Subsidiaries on a consolidated basis at any date of determination, the amount of Changes in Current Assets and Liabilities; provided that, Changes in Working Capital shall be calculated without regard to any Changes in Current Assets and Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent, (b) the effects of (i) any Disposition and acquisition, in each case, of any person, manufacturing facility or line of business, consummated during such period and (ii) the application of purchase accounting or (c) the effect of fluctuations in the amount of accrued or contingent obligations under Swap Agreements.

Change in Working Capital means, with respect to the Borrower and the Restricted Subsidiaries on a consolidated basis at any date of determination, the amount of Changes in Current Assets and Liabilities; provided that, Changes in Working Capital shall be calculated without regard to any Changes in Current Assets and Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent, (b) the effects of purchase accounting or (c) the effect of fluctuations in the amount of accrued or contingent obligations under Swap Agreements.

Change in Working Capital means, in relation to any relevant Accounting Period, the difference (whether negative or positive) of (a) the amount of Working Capital as at the last day of such Accounting Period, minus (b) the amount of Working Capital as at the first day of such Accounting Period, but without taking account of any prepayment made during such Accounting Period pursuant to this Clause 5.1(c) (Repayment of the Loan).

Examples of Change in Working Capital in a sentence

• Table 4: Table showing the net change by NERC program area from the Original Budget to the Amended Budget, for major budget categories of Funding (Assessments), Funding (Other), Direct Expenses, Indirect Expenses, Other Non-Operating Expenses, Total Expenses, Fixed Asset Additions, Net Financing Activity, Total Budget, and Change in Working Capital.

• The Change in Working Capital necessitates an additional use of the System Operator Certification Reserve of $15,815 ( see Table 4).

• Table 3: Table showing the Amended Budget by NERC program area, for major budget categories of Funding (Assessments), Funding (Other), Direct Expenses, Indirect Expenses, Other Non-Operating Expenses, Total Expenses, Fixed Asset Additions, Net Financing Activity, Total Budget, and Change in Working Capital.

• The Amended Budget does not include any changes in staffing from the FTE staffing presented in the Original Budget.System Operator Certification Program (which is not funded by assessments) is budgeted based on expected revenue from program-related fees rather than budgeted expenses; therefore, the Change in Working Capital for this program is adjusted.

• As noted earlier, one set of supportive comments was received, which is also posted on the NERC website.Expenses, Other Non-Operating Expenses, Total Expenses, Fixed Asset Additions, Net Financing Activity, Total Budget, and Change in Working Capital.

More Definitions of Change in Working Capital

Change in Working Capital means, for any period, Working Capital as of the end of such period minus Working Capital as of the beginning of such period.

Change in Working Capital the cumulative positive or negative change in Working Capital of the US Operations as determined by XFone’s independent auditors in accordance with GAAP and consistent with the financial statements for the US Operations, beginning with the Effective Date through the end of the fiscal year in which the Effective Date occurred and each fiscal year thereafter.

Change in Working Capital means, for any Excess Cash Period, the lesser of (a) the amount equal to the Working Capital as of the end of such period minus the Working Capital at the beginning of such period and (b) 5% of the revenues of the Borrower and its Restricted Subsidiaries (excluding Telecom Personal and its Subsidiaries) for the last four consecutive fiscal quarters ending on such date.

Change in Working Capital means, with respect to the Borrower and the Subsidiaries on a Combined basis at any date of determination, the amount of Changes in Operating Assets and Liabilities; provided that, for purposes of calculating Excess Cash Flow, Changes in Working Capital shall be calculated without regard to any Changes in Operating Assets and Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent, (b) the effects of purchase accounting or (c) the effect of fluctuations in the amount of accrued or contingent obligations under Swap Agreements.

Change in Working Capital means, for any Fiscal Quarter, the sum of the Current Assets and Liabilities for such Fiscal Quarter minus the Current Assets and Liabilities for the prior Fiscal Quarter.

Change in Working Capital means, in any measurement period: (i) Any variation of the operating cash; plus (ii) Any variation of the trade accounts receivable and other accounts receivable; plus (iii) Any variation of the accounts receivable from Related Parties from commercial transactions; plus (iv) Any variation of the inventories; plus (v) Any change in other current assets; less (vi) Any variation of the trade accounts payable and other accounts payable; less (vii) Any variation of the accounts payable to Related Parties from commercial transactions; less (viii) Any variation of the employee benefits; less (ix) Any variation of other non-Financial Obligations with maturities not exceeding 360 days.

Change in Working Capital for any period, shall mean (a) ------------------------- Consolidated Current Assets at the end of such period less Consolidated ---- Current Liabilities at the end of such period minus (b) Consolidated ----- Current Assets at the beginning of such period less Consolidated Current ---- Liabilities at the beginning of such period, and may be either a positive or negative number.