Modified Working Capital definition

Modified Working Capital has the meaning specified in Section 2.04(a).

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Modified Working Capital means Current Assets less Current Liabilities.

Modified Working Capital means Current Assets l ess Current Liabilities.

Examples of Modified Working Capital in a sentence

In the event Seller revises such Closing Notice in response to Purchaser’s comments, the revised statement incorporating revised estimates of the Estimated Modified Working Capital, Estimated Closing Net Indebtedness and Estimated Closing Transaction Expenses, as applicable, shall be treated as the Closing Notice hereunder.
Purchaser shall have two (2) Business Days from the receipt of the Closing Notice to provide Seller any comments with respect to the computation of any of the components of Estimated Modified Working Capital, Estimated Closing Net Indebtedness and Estimated Closing Transaction Expenses, which comments shall be considered by Seller in good faith (it being understood that Seller shall be under no obligation to revise such Closing Notice in response to Purchaser’s comments).
For purposes of this Agreement, Modified Working Capital shall mean the Company's (i) Current Assets less (ii) its Current Liabilities and long-term indebtedness, determined in accordance with GAAP.
For the avoidance of doubt, amounts included in the determination of Closing Net Indebtedness, Closing Transaction Expenses and Pension Plan Purchase Price Adjustment shall be excluded from the determination of the Modified Working Capital.
For purposes of this Agreement, Modified Working Capital shall mean the Company's (i) Current Assets less (ii) its Current Liabilities and long-term indebtedness determined in accordance with GAAP.

More Definitions of Modified Working Capital

Modified Working Capital means those certain current assets and current liability accounts of the Business, cumulatively, as of the Revenue Cutoff Date (and not taking into account any events or occurrences after such date), as set forth on the attached Schedule 1.1(e) – Modified Working Capital, as determined pursuant to the accounting principles, methodologies and policies set forth thereon, and as finally determined pursuant to Section 3.2.

Modified Working Capital shall have the meaning set forth in Exhibit F hereto.

Modified Working Capital has the meaning set forth in Section 3.3.1.

Modified Working Capital means the sum of (i) cash and cash equivalents and (ii) the amount of accounts receivable included in the Assets less appropriate reserves for doubtful accounts, minus the Assumed Payables (as hereinafter defined).

Modified Working Capital shall equal the difference between the Total Assets (as determined using the component accounts listed on Schedule 1.1(k) attached hereto) and the Total Liabilities (as determined using the component accounts listed on Schedule 1.1(k) attached hereto) of the Seller. Total Assets and Total Liabilities shall be determined on the date hereof in a manner acceptable to Buyer and Seller. Seller agrees that if, on the date hereof, the Modified Working Capital is less than the amount specified in Section 3.37, the Cash Compensation shall be decreased by the amount that the Modified Working Capital is less than that amount specified in Section 3.37.

Modified Working Capital means, as of the date of determination, (x) the aggregate dollar value of Accounts Receivable and Modified Inventory (in each case without reserves), less (y) those items constituting Assumed Liabilities pursuant to Section 2.3(a)(i) (trade payables) and Sniffer Deferred Revenue, determined in each case in accordance with GAAP (excluding reserves in the cases of Accounts Receivable and Modified Inventory), provided that for purposes of calculating Modified Working Capital, the portion of Sniffer Deferred Revenue that is manual deferred revenue (excluding manual adjustments for Japan, Brazil and SAP 3.0) shall not be less than $8.0 million.

Modified Working Capital means the Business’s Current Assets minus the Business’s Current Liabilities. A calculation of Modified Working Capital as of June 30, 2008, is attached hereto as Exhibit C.