Positive Working Capital definition

Positive Working Capital mean an amount which results in a positive figure when calculating a Borrower’s current assets (including the amounts maintained in its Earnings Account) less its current liabilities (including 1 quarterly repayment installment in respect of each Tranche of the Loan);
View Source
Positive Working Capital means, as at any date of determination, that Current Assets exceeds Current Liabilities.
View Source
Positive Working Capital shall have the meaning set forth in Section 2.7.
View Source

Examples of Positive Working Capital in a sentence

  • Working Capital = Current Assets-Current Liabilities Positive Working Capital = 2.5 marks Negative Working Working Capital = 1 Mark 1 or 2.5 4.

  • Working Capital = Current Assets- Current Liabilities Positive Working Capital = 1 marks d.

  • The Working Capital of the Borrowers shall at all timed during the Security Period be positive and the covenant in Clause 23.2.4 (Positive Working Capital) is thus [not] satisfied.

  • The aggregate amount of consideration to be paid by Buyer to Seller or its designee(s) for the sale of the Interest (the “Purchase Price”), subject to the terms of this Agreement, shall consist of an amount in cash equal to the sum of (a) $300,000,000 (the “Base Purchase Price”), minus (b) the Final Closing Debt Amount, minus (c) the Final Negative Working Capital Adjustment (if any), plus (d) the Final Positive Working Capital Adjustment (if any), and plus (e) the Final Closing Cash.

  • Borrower shall maintain at all times during the term of this Agreement each of the following: A0 A ratio of Obligations to Tangible Net Worth of not more than 5.0 to 1.0. B0 Positive Working Capital.

  • As of the first anniversary of the Drawdown Date and at all times thereafter during the Security Period, each of the Borrowers shall maintain Positive Working Capital.

  • The Working Capital of the Borrower shall at all timed during the Security Period be positive and the covenant in Clause 22.2.4 (Positive Working Capital) is thus [not] satisfied.

  • In consideration of Seller’s sale of the Purchased Assets to Purchaser, Purchaser will assume the Assumed Liabilities and will pay to Seller an amount equal to (i) $3,750,000, plus (ii) the Positive Working Capital Items, less (iii) the Negative Working Capital Items (the “Purchase Price”).

  • Notwithstanding the foregoing, (i) no Claim (regardless of amount) that arises out of a breach of any of the representations or warranties contained in Sections 2.3 (capitalization), 2.5 (title to CP&I Shares), 2.6 (options and rights on capital stock), 2.31 (Positive Working Capital as of Closing), 6.15 (tax liability) or Claims arising under common law fraud shall at any time be subject to the Deductible or Section 11.7 hereof.

  • Purchaser and Sellers agree to instruct the Escrow Agent in writing to disburse at the Subsequent Closing funds held under the Escrow Agreement to satisfy any Positive Working Capital Balance due Sellers and any Negative Working Capital Balance due Purchaser hereunder.