Reasonable Working Capital definition

Reasonable Working Capital shall have the meaning as set forth in Section 16.02.
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Reasonable Working Capital means an amount reasonably determined by Manager at the same time as the monthly financial statements are prepared pursuant to Section 15.02 hereof, but in no event to exceed a sum equal to a ratio of current assets to current liabilities of 2:1 (but excluding from such calculation cash restricted or unavailable under any Cash Management Agreement).
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Reasonable Working Capital means an amount of Working Capital equal to the product of $1,000.00 and the number of guest rooms at the Premises as identified on Exhibit A hereto.
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Examples of Reasonable Working Capital in a sentence

  • Safe Harbor for Gross Income Earned on Reasonable Working Capital Gross income earned on working capital during the reasonable working capital period is counted toward satisfaction of the 50% active conduct test Safe Harbor for use of Intangible Property Intangible property held during the reasonable working capital period is treated as used in the active conduct of the OZ business in the qualified opportunity zone.

  • Safe Harbor for Reasonable Working Capital Working capital assets are treated as reasonable if: Amounts are designated in writing for the acquisition, construction, and/or substantial improvement of tangible property in a QOZ There is a written schedule consistent with the ordinary start-up of a business for the expenditure of the working capital assets within 31 months of the receipt of the assets The working capital assets are actually used in a manner consistent with the designation and schedule.

  • Manager’s determination of Reasonable Working Capital shall be made at the same time as the monthly financial statements are prepared pursuant to Section 15.2 hereof, but in no event shall such amount exceed a sum equal to a ratio of current assets to current liabilities of 2:1 (but excluding from such calculation cash restricted or unavailable under any Cash Management Agreement).

  • Unless otherwise paid pursuant to Section 2.5 hereof, as security for its obligations to make the payments required in this Section 2.7, on the 25th day of each calendar month, the Borrower shall pay (or cause the Manager to pay) all Total Net Revenues to the Trustee for deposit in the Revenue Fund, except that the Borrower or the Manager, collectively, may retain a balance equal to the Reasonable Working Capital.

  • Non Qualified Financial Property / Reasonable Working Capital: We support further regulatory clarification around the “non-qualified financial property” limitation -- particularly in regard to what is (and is not) “reasonable working capital”.

  • The Final Regulations provided a safe harbor for Reasonable Working Capital.

  • All Total Net Revenues of the Project, less the amount necessary for Borrower to retain its Reasonable Working Capital which shall be retained by the Borrower, shall be deposited with the Trustee by the Borrower or the Manager on the twenty-fifth (25th) day of each month, no later than 11 a.m. Central Time, commencing on the twenty-fifth (25th]) day of the month following the Closing Date, or, if such day is not a Business Day, the immediately succeeding day that is a Business Day.


More Definitions of Reasonable Working Capital

Reasonable Working Capital means an amount reasonably determined by Manager as shall be necessary for Manager to operate the Hotels in accordance with the Applicable Standards based upon the Annual Operating Budget and projected Gross Revenues for such Fiscal Year. Manager’s determination of Reasonable Working Capital shall be made at the same time as the monthly financial statements are prepared pursuant to Section 15.2 hereof, but in no event shall such amount exceed a sum equal to a ratio of current assets to current liabilities of 2:1 (but excluding from such calculation cash restricted or unavailable under any Cash Management Agreement).
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Reasonable Working Capital shall have the meaning as set forth in SECTION 16.02.
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Related to Reasonable Working Capital

  • Base Working Capital means $25,000,000.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Working Capital means Current Assets less Current Liabilities.

  • 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.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Closing Date Net Working Capital has the meaning specified in Section 3.4(a).

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Target Net Working Capital means $36,500,000.

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

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

  • 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 Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • 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.