Threshold Net Working Capital definition

Threshold Net Working Capital means $12,600,000 reduced dollar for dollar by the amount of Excluded Liabilities of the types set forth on Exhibit X at the Closing under this Agreement or the corresponding exhibit of the Related Purchase Agreement paid by the Sellers or Color Edge at Closing up to a maximum of $500,000.
Sample 1
Threshold Net Working Capital shall have the meaning given to such term in Section 2.6(c).
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Threshold Net Working Capital shall have the meaning given it in Section 3.29.
Sample 1

Examples of Threshold Net Working Capital in a sentence

  • If the Closing Date Net Working Capital is less than the Threshold Net Working Capital, the Sellers shall owe to the Buyer the amount by which the Closing Date Net Working Capital is less than the Threshold Net Working Capital, which amount shall be paid from the funds deposited with the Escrow Agent pursuant to Section 2.4 below.


More Definitions of Threshold Net Working Capital

Threshold Net Working Capital means $2,292,759.
Sample 1

Related to Threshold Net Working Capital

  • Target Net Working Capital means $0.

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

  • Target Working Capital means $0.

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

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

  • Net Working Capital Target means $0.00.

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

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • 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.

  • 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 Nineteen Million Dollars ($19,000,000).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.

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

  • 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.

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

  • Working Capital Target means $0.

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

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

  • Working Capital means, on any date, Current Assets less Current Liabilities.

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

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.

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

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.