Initial Working Capital Model means the Borrower's Working capital Model referred to in paragraph 5.3 of Schedule 2 (Initial conditions precedent).
Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.
Closing Date Working Capital has the meaning specified in Section 2.3(b).
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.
Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Actual Working Capital has the meaning set forth in Section 2.7(a).
Final Working Capital has the meaning set forth in Section 2.4(b)(iii).
Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.
Working Capital Target means $0.
Estimated Working Capital has the meaning set forth in Section 2.3(a).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Working Capital Advance has the meaning specified in Section 2.01(c).
Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).
Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).
Net Working Capital Target means $0.00.
Working Capital Adjustment has the meaning set forth in Section 2.15(b).
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.
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 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.
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.
Working Capital Amount shall have the meaning specified in Section 3.4(e).
Target Working Capital means $0.
Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).