Negative Working Capital Amount definition

Negative Working Capital Amount the amount, if any, by which the Target Working Capital exceeds the Closing Date Working Capital.
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Negative Working Capital Amount shall have the meaning set forth in Section 2.5(b).
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Negative Working Capital Amount means the amount, if any, by which the Target Working Capital exceeds the Closing Date Working Capital. “Order” means any outstanding order, writ, injunction, ruling, award, judgment or decree of any Governmental Entity.
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Examples of Negative Working Capital Amount in a sentence

  • The aggregate purchase price to be paid by Buyer to or for the account of the Equityholders (the "Purchase Price") shall equal, without duplication, (a) $315,000,000, plus (b) Cash, minus (c) the Closing Date Indebtedness, minus (d) the Negative Working Capital Amount, if any, plus (e) the Positive Working Capital Amount, if any, minus (f) the Transaction Expenses.

  • The aggregate purchase price to be paid by Buyer to or for the account of the Equityholders (the “Purchase Price”) shall equal, without duplication, (a) $315,000,000, plus (b) Cash, minus (c) the Closing Date Indebtedness, minus (d) the Negative Working Capital Amount, if any, plus (e) the Positive Working Capital Amount, if any, minus (f) the Transaction Expenses.

  • In the event the Working Capital plus Cap-Ex Amount plus Proratable Items as determined pursuant to Section 2.4(b) is negative ("NEGATIVE WORKING CAPITAL AMOUNT"), Seller shall either: (i) pay such Negative Working Capital Amount to Buyer at Closing by wire transfer of immediately available funds to an account or accounts designated by Buyer or its representative; or (ii) authorize a reduction in the Base Amount equal to the Negative Working Capital Amount.


More Definitions of Negative Working Capital Amount

Negative Working Capital Amount means, as of any date of determination, the amount of total current liabilities (excluding offsetting current liabilities relating to the potential liabilities secured by the Mpower Escrow Amount) of the Company and the Subsidiaries as of such date minus the amount of total current assets (excluding cash and Cash Equivalents including, without duplication, the Mpower Escrow Amount) of the Company and the Subsidiaries as of such date, calculated in accordance with and in a manner consistent with the policies and procedures used in preparing the Working Capital Worksheet and consistent with GAAP (including, without limitation, capitalization policies, reserve policies, accounts payable practices, and accruals for any deferred expenses or Taxes or the applicable portion thereof, all in accordance with GAAP).
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Related to Negative Working Capital Amount

  • 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.

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

  • Working Capital Amount shall have the meaning set forth in Section 2.3(c).

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

  • 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.