Excess Net Working Capital definition

Excess Net Working Capital has the meaning as set forth in §2(d)(iii).
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Excess Net Working Capital is defined in Section 2.5.
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Excess Net Working Capital means the amount, if any, by which Closing Net Working Capital exceeds $435,000.
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Examples of Excess Net Working Capital in a sentence

  • The aggregate consideration for the Purchased Assets (the "Purchase Price") will be the assumption of the Assumed Liabilities, together with the Excess Net Working Capital Payment (if any), which shall be paid as set forth in Section 3.3.

  • The aggregate consideration for the Purchased Assets (the “Purchase Price”) will be the assumption of the Assumed Liabilities, together with the Excess Net Working Capital Payment (if any), which shall be paid as set forth in Section 3.3.

  • The aggregate purchase price for all of the Purchased Interests (the “Purchase Price”) shall consist of cash in an amount equal to (a) Thirty Nine Million Two Hundred Seventy Four Thousand Three Hundred Ninety Three Dollars ($39,274,393) (the “Base Purchase Price”) plus (b) 50.1% of the Final Excess Net Working Capital Amount.

  • To the extent the Net Working Capital Balance Certificate shows that there exists any Excess Net Working Capital, such Excess Net Working Capital shall be paid by Buyer into the Escrow Account (up to and including the amount of $200,000 with any remaining additional balance, if any, to be paid into the Escrow Account as accounts receivable are realized).

  • If the Closing Net Working Capital exceeds the sum of (i) the Net Working Capital Target plus (ii) $250,000, then Purchaser will promptly (but in no event more than five Business Days) pay to the Company (by wire transfer of immediately available funds) an amount equal to such excess (but only, for the avoidance of doubt, if a positive number) (the "Excess Net Working Capital Payment").

  • Calculation of Cash Deficit and Cash Excess; Net Working Capital.

  • We design an algorithm that, given ϕ id and S bij, performs a preprocessing step in time O( S ) in such a way that jth(ϕ, S, <lex, j) can be afterwards computed in constant time for any j N.

  • Any Excess Net Working Capital shall be promptly paid by the Buyer to the Seller in cash.


More Definitions of Excess Net Working Capital

Excess Net Working Capital shall exist if, and to the extent that, Economic Closing Net Working Capital is greater than $11,500,000 ("Base Amount"). "Deficit Net Working Capital" shall exist if, and to the extent that, Economic Closing Net Working Capital is less than Base Amount.
Sample 1
Excess Net Working Capital. Objection Notice," "Preliminary Closing Date Balance Sheet," "Preliminary Amounts," "Preliminary Closing Date Net Working Capital Amount," "Preliminary Deferred Maintenance Revenue Amount," Preliminary Deferred Turret Revenue Amount," "Preliminary Work-In-Process Amount," "Purchase Price", "Purchase Price Adjustment", "Resolution Period" and "Review Period" appearing in Appendix A of the Purchase Agreement are hereby deleted and the following definitions shall be inserted in Appendix A of the Purchase Agreement in the proper alphabetical order:
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Excess Net Working Capital means the amount by which Net Working Capital of the Company as of the Effective Time, is greater than $1,178,000.
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Excess Net Working Capital means (a) the excess, if any, of (i) Current Assets as shown on the Final Closing Worksheets over (ii) Current Liabilities as shown on the Final Closing Worksheets, less (b) $5,000,000, which represents the target amount of working capital to be retained by Company LP following the Closing.
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Excess Net Working Capital is defined in Section 2.4(d)(ii) of this Agreement.
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Excess Net Working Capital is defined in Section 2.03(c)(i).
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Related to Excess Net Working Capital

  • Net Working Capital means current assets minus current liabilities.

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

  • Target Net Working Capital means $0.

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

  • Target Working Capital means $0.

  • 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).

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

  • 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.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Target Net Working Capital Amount means $0.

  • 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.

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

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

  • Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.

  • Base Working Capital means $25,000,000.

  • Final Working Capital has the meaning set forth in Section 2.04(b).

  • 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.

  • Target Working Capital Amount means $162,000,000.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

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

  • 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.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

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