WC Amount definition

WC Amount has the meaning set forth in Section 4.4(c).
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WC Amount shall have the meaning set forth in Section 1.07(c).
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WC Amount. 2.04 "Working Capital" 2.04
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Examples of WC Amount in a sentence

  • The WC Amount equals Working Capital as set forth on the Retained Business Balance Sheet (as defined in the Merger Agreement) for December 31, 1996, provided to Parent by GBC prior to the execution of the Merger Agreement.

  • No person has asserted in writing or, to knowledge of Sellers, threatened to assert any counterclaims or offsetting claims or defenses to collection of any of the accounts receivable of the Companies and their subsidiaries other than (a) claims in the ordinary course which in the aggregate are not material relative to the total amount, net of reserves, of the accounts receivable taken as a whole or (b) claims included in the Estimated Closing WC Amount.

  • On the first ------------------ anniversary of the Closing, Exodus shall pay to Global Crossing NA any Positive WC Amount.

  • Notwithstanding the foregoing it is understood that cash was not included in the calculation of the WC Amount.

  • After Closing the parties will determine the amount of any positive working capital balance of the Company as of the Effective Time ("Positive WC Amount").

  • All of the inventory recorded on the Combined Balance Sheet consists of, and all inventory on the Closing Date will consist of, items of a quality usable or saleable in the ordinary course of business consistent with past practice except to the extent of the reserve therefor set forth in the Estimated Closing WC Amount.

  • If the Closing Working Capital is less than the WC Amount, Seller shall pay Purchaser, in cash, within 10 business days after the Statement becomes final and binding on the parties, the difference between the Closing Working Capital and the WC Amount.

  • Fugro shall, or shall cause that the relevant member of the Seller’s Group shall, pay an amount equal to the aggregate of the Symphony WC Amount, the ▇▇▇▇▇▇▇▇ ▇▇ Amount and the Adjustment Amount (together the “Aggregate WC Amount”) to GMSL in accordance with Clause 7.3 (Transfer of the Aggregate WC Amount).

  • Buyer shall make available to Seller, from time to time upon request, all records reasonably related to the matters which are the subject of this Section 10.6 for purposes of verifying the status of the adjustments and the WC Amount, if any.

  • The Purchase Price shall be increased by the amount reflected on the Estimated Closing Statement of (i) Closing WC minus (ii) Closing TNE (the "Closing WC Amount").


More Definitions of WC Amount

WC Amount means $924,000. If Closing Working Capital is more than the Working Capital Estimate, Buyer shall, and if the Closing Working Capital is less than the Working Capital Estimate, Seller shall, within 10 business days after the Statement becomes final and binding on the parties, make payment by wire transfer in immediately available funds to a bank account designated in writing by the other party of the amount of such difference, together with interest thereon at the Prime Rate (such payment shall hereinafter be referred to as the “Working Capital Adjustment”).
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WC Amount means an amount, positive or negative, equal to Working Capital as of the Adjustment Effective Time.
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WC Amount means an amount equal to the arithmetic mean of the values for Working Capital as of the close of each of the consecutive 12 fiscal months of the Company ending with the last complete fiscal month of the Company immediately prior to the fiscal month immediately preceding the month in which the Closing occurs (for purposes of clarity, if the Closing occurs on October 1, 2015, then the latest fiscal month included in the calculation of the WC Amount would be August 2015), which shall be determined and calculated by the Accounting Firm in accordance with the Seller Accounting Policies at least five (5) business days prior to the Closing Date and which such determination and calculation of the WC Amount by the Accounting Firm shall be final and binding on the parties hereto. No later than ten (10) business days prior to the Closing Date, Seller shall submit a request to the Accounting Firm to determine and calculate the WC Amount in accordance with the immediately preceding sentence. Any adjustment of the Purchase Price pursuant to this Section 2.02 shall be referred to as the “Working Capital Adjustment”.
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WC Amount has the meaning set forth in Section 3.04.
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Related to WC Amount

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Maximum Offering Amount means have the meaning set forth in the recitals hereto.