CME Group Net Working Capital Reference Amount definition

CME Group Net Working Capital Reference Amount means the greater of (A) the CME Group Net Working Capital Amount or (B) an amount which is calculated based on the average of the CME Group Net Working Capital Amount for the trailing four calendar quarters as computed prior to the Closing Date. For purposes of clarity, this definition will result in the CME Group Working Capital Adjustment described in Section 2.11(b) to be either (i) equal to zero (CME Group Net Working Capital Reference Amount equal to the CME Group Net Working Capital Amount) or (ii) an amount in which the CME Group Net Working Capital Reference Amount is in excess of the CME Group Net Working Capital Amount, thereby resulting in a payment from CME Group to the Company.
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Related to CME Group Net Working Capital Reference Amount

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Target Net Working Capital Amount means $5,000,000.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Net Working Capital Target means $0.00.

  • Working Capital Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Working Capital Target means $0.

  • Target Net Working Capital means $0.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Working Capital Advance has the meaning specified in Section 2.01(c).