FTCP Net Working Capital definition

FTCP Net Working Capital means the excess of (i) the sum of total current assets of the FTCP Business (other than cash and cash equivalents), over (ii) total current liabilities of the FTCP Business (other than Indebtedness, or any liabilities associated with the Delphi Claim or liabilities described in Section 9.2(a)(iii)) and any issued but uncleared checks and bank overdrafts, except to the extent any such bank overdrafts constitute Indebtedness that will be discharged by Sellers. The current assets and current liabilities of the FTCP Business that are included in FTCP Net Working Capital shall be calculated in accordance with the FTCP Specified Accounting Policies and in accordance with the calculation of the sample statement of FTCP Net Working Capital set forth on Section 10.2(a)(xiii) of the Disclosure Schedule; provided that no current or deferred income tax assets or Liabilities will be included in the FTCP Net Working Capital.
Sample 1

Related to FTCP Net Working Capital

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

  • Target Net Working Capital means $0.

  • Target Working Capital means $0.

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

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

  • Working Capital means, on any date, Current Assets less Current Liabilities.

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

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

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

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

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

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

  • Net Working Capital Target means $0.00.

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

  • 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.

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

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

  • Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

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

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

  • 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.

  • 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.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.