Primary Working Capital means the sum of (i) Accounts Receivable, plus (ii) Inventories, minus (iii) accounts payable of the Business, in each case as of October 31, 2004.

Primary Working Capital means the sum of cash, accounts receivable and inventory less accounts payable, determined as of the close of business on the Closing Date in accordance with the same accounting principles which were used for purposes of preparing the Reference Balance Sheet (as hereinafter defined). As used in this Agreement, "Current Liabilities" means those liabilities of the Company as of the close of business on the Closing Date, which are classified as current liabilities in accordance with generally accepted accounting principles.

Primary Working Capital means the sum of (i) Net Accounts Receivable*, (ii) Net Inventory*, (iii) Accounts Payable*, and (iv) Advanced Xxxxxxxx and Deposits* “Gross PPE” means Property and Equipment consisting of land, buildings, machinery and equipment as reported in the Company’s US GAAP financial statements *As defined by US GAAP and as reported in the Company’s US GAAP financial statements EXHIBIT B RESTRICTIVE COVENANT AGREEMENT THIS AGREEMENT (this “Restrictive Covenant Agreement”) is made effective as of the Date of Grant by and between the Company and the Participant. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Performance Stock Unit Award Agreement to which this Restrictive Covenant Agreement is attached as Exhibit “B” (the “Award Agreement”).

Examples of Primary Working Capital in a sentence

Calculation of Primary Working Capital as a Percentage of Sales Milacron Inc.
Schedule 8A(1) hereto sets forth, as of the Restatement Date, a correct list of each Domestic Subsidiary, its jurisdiction of incorporation and its ownership and whether or not, as of the Restatement Date, such Subsidiary is a borrower, co-borrower, obligor or co-obligor with the Company under, or is obligated under any Guaranty with respect to, any Indebtedness of the Company outstanding or incurrable under the Primary Working Capital Facility.
Schedule 8A(1) hereto sets forth, as of the date hereof, a correct list of each Subsidiary, its jurisdiction of incorporation and its ownership and whether or not, as of the date of this Agreement, such Subsidiary is a borrower or co-obligor with the Company under, or is obligated under any Guaranty with respect to, any Indebtedness of the Company under the Primary Working Capital Facility or any other Material Indebtedness Agreement.
Expense 0.4 2.0 Primary Working Capital (Q4 AR +$25MM) (15.4) (18.8) Pension Contributions (1.4) (3.8) Goodwill Impairment 22.2 20.6 Accrued Compensation 3.8 1.0 Deferred Taxes/Timing/Other 6.5 0.8 Operating Cash Flow 4.8 9.9 Capital Expenditures, net (2.7) (13.8) Dividends - (3.7) Other 0.2 0.1 Net Cash Flow before Financing 2.3 (7.5) Cash Flow from Disc.
The Objectives assigned to him for 1997 might be: Plant DOI/CP 35% ---------------------------------- DOI 25% ---------------------------------- Division EVA 10% ---------------------------------- Primary Working Capital (PWC's) 10% ---------------------------------- Bookings 10% ---------------------------------- Net Earnings 10% ---------------------------------- --- TOTAL 100% EXAMPLE #2 Manager B is an Engineering Manager and is a Tier 7 Participant.

More Definitions of Primary Working Capital

Primary Working Capital means the aggregate amount of all Accounts Receivables and Inventory less all Accounts Payables of the In-scope calculation, less the adjustment of the in-scope element of entity R0129 Venator Asia SDN BHD, plus the adjustment of out of scope element of the entity R0114 Venator Pigments (UK) Limited, plus the elimination of the unrealised intercompany profit in inventory;

Related to Primary Working Capital

Net Working Capital means current assets minus current liabilities.
Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Base Working Capital means $25,000,000.
Target Working Capital means $0.
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.
Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.
Final Working Capital has the meaning set forth in Section 2.04(b).
Estimated Working Capital has the meaning set forth in Section 2.3(a).
Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.
Target Net Working Capital means $0.
Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.
Actual Working Capital has the meaning set forth in Section 2.7(a).
Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).
Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).
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.
Working Capital Amount shall have the meaning specified in Section 3.4(e).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Working Capital Advance has the meaning specified in Section 2.01(c).
Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.
Target Working Capital Amount means $162,000,000.
Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

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