Minimum Working Capital Amount definition

Minimum Working Capital Amount means, in respect of GlaxoSmithKline, £500,000,000 and, in respect of Novartis, US$500,000,000;
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Minimum Working Capital Amount has the meaning assigned to such term in Section 2.3(a).
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Minimum Working Capital Amount has the meaning set forth in Section 1.3 (b) of this Agreement.
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Examples of Minimum Working Capital Amount in a sentence

  • If the Actual Working Capital is greater than the Minimum Working Capital Amount, Inergy Acquisition and Inergy Storage shall (in the same proportion as their respective payments in Section 2.2(a)) promptly remit cash to Stagecoach I and Stagecoach Energy (to be shared in the same proportion as their respective payments in Section 2.2(a)) in the amount of such excess.

  • In addition to the Minimum Working Capital Amount, Owner shall pay to Manager a monthly stipend by the first of the month to cover the checks drawn on the Operating Account (the “Monthly Stipend”).

  • If Target does not have estimated Working Capital of at least the Minimum Working Capital Amount and estimated Cash of at least the Minimum Cash Amount, in each case as set forth on the certificate delivered pursuant to Section 7.3(m), the Merger Cash shall be reduced by an amount necessary to make up the greater of such shortfalls; it being understood that such estimated amounts shall be calculated prior to the application of any amounts constituting an Excess Amount to pay down the Pre-Closing Debt.

  • On or immediately prior to Completion, Yew Grove shall use its existing cash resources (less the Minimum Working Capital Amount) to part-discharge its outstanding liabilities under the Revolving Credit Facility.


More Definitions of Minimum Working Capital Amount

Minimum Working Capital Amount means $1,925,000.
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Minimum Working Capital Amount shall have the meaning set forth in Section 3.2(b)(i).
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Minimum Working Capital Amount means ¼100,000;
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Minimum Working Capital Amount is defined in Section 7.1.
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Minimum Working Capital Amount means US $500,000.
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Minimum Working Capital Amount means an amount equal to (i) the sum of $600,000 plus the Recent Operating Profits, minus (ii) the amount of any cash generated from Recent Operating Profits used to pay Agreed Settlement Costs.
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Minimum Working Capital Amount. 12.02 “Multiemployer Plan” 4.22 “Option Plan” 2.11 “Permit” 4.15 “Personal Property” 4.13
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