Reference Working Capital means the Working Capital of the Business estimated as of December 31, 2007, as set forth in Schedule 3.1(c).

Reference Working Capital means USD 45,711,000 (forty five million seven hundred and eleven thousand United States Dollars)

Reference Working Capital has the meaning specified in Section 2.4(a)(v).

Examples of Reference Working Capital in a sentence

For the avoidance of doubt, Reference Working Capital and Final Working Capital shall be determined without giving effect to any intercompany accounts or the cancellation thereof.
For illustrative purposes, Exhibit 2.4(a) contains a pro forma calculation of the Reference Working Capital as of June 30, 2008 applying the Applicable Accounting Principles.
The licence shall be retained by the vehicle licensee until such time as the driver ceases to drive that vehicle.
Within 10 days after the Statement has become final and binding in accordance with this Section 2.9, (i) if the Closing Date Working Capital is greater than the Reference Working Capital, Purchaser shall pay to Seller an amount in cash equal to such difference and (ii) if the Closing Date Working Capital is less than the Reference Working Capital, Seller shall pay to Purchaser an amount in cash equal to such difference.
Except as set forth in Schedule 4.5, the Reference Working Capital Statement has been prepared on a basis consistent with the principles used in the preparation of the Year-End Balance Sheet.

More Definitions of Reference Working Capital

Reference Working Capital means $313,817,851, and “Adjustment Amount” means $4,600,000.

Reference Working Capital means the amount equal to USD 42,200,000;

Reference Working Capital has the meaning specified in Section 3.2(e).

Reference Working Capital means $(9,000,000).

Reference Working Capital means the difference, as set forth on the Reference Statement, between (i) the estimated current assets of the Business that constitute Transferred Assets, minus (ii) the estimated current liabilities of the Business other than the current liabilities of the Canadian Sub, in each case, as of the close of business on the Closing Date and calculated in accordance with the Applicable Accounting Principles provided that such Reference Statement shall not include any vacation accrual.

Reference Working Capital shall have the meaning set forth in Section 2.1(a).

Reference Working Capital means $23,366,152.