Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.
Capital Surplus has the meaning assigned to such term in Section 6.3(a).
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.
Target Net Working Capital Amount means $5,000,000.
Net Working Capital Target means $0.00.
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.
Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.
Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.
Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).
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.
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.
Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Working Capital Amount shall have the meaning specified in Section 3.4(e).
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.
Target Net Working Capital means $0.
Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).
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 Target means $0.
Target Working Capital means $0.
Working Capital Escrow Amount means $2,000,000.
Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.
Working Capital Adjustment has the meaning set forth in Section 2.15(b).
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.
Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.