Working Assets definition

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Working Assets means the Clinics as a going concern and all property and assets of the Vendor as at the Effective Date including the accounts receivable of the Clinics excepting only the Retained Assets.

Working Assets means, with respect to the Powertrain Division, for any fiscal quarter, the following items as of the last day of such quarter (in each case determined in accordance with GAAP): (a) accounts receivable; plus (b) factored receivables that would not have otherwise been paid during the fiscal quarter; plus (c) net inventory; plus (d) property, plant and equipment net of depreciation (i.e. net book value); plus (e) goodwill and other intangible assets related to acquisitions or investments completed on or after September 30, 2013; plus (f) net book value of capitalized restructuring (i.e. gross amount of restructuring capitalized net of accumulated amortized restructuring charged through EBIT); plus (g) investments in non-consolidated subsidiaries (excluding $100 million consisting primarily of retained earnings established before January 1, 2014); less (x) accounts payable; less (y) accrued liabilities (other than accruals for short term taxes or short term interest).

Examples of Working Assets in a sentence

This plan is a test and is only available to customers who are contacted by Working Assets.
SUBSCRIBER RESPONSIBILITIES The Subscriber is responsible for the payment of charges incurred by any use of the service via the telephone number for which the Subscriber has chosen Working Assets dba CREDO as the Presubscribed Carrier for local toll and/or long distance calls.
Should they change calling plans or cease having Working Assets as their presubscribed carrier and subsequently return, they will not be able to reenroll in this calling plan.
Subscriber, Member or Customer: The person, firm, company or corporation, or other entity, having a communication requirement of its own, which contracts for service under the Agreement and is responsible for the payment of charges incurred by use of the service via the telephone number for which the Subscriber has chosen Working Assets dba CREDO as the Presubscribed Carrier for local toll and/or long distance calls.
Determination of residential voice use is at the sole discretion of Working Assets.

More Definitions of Working Assets

Working Assets means, for any fiscal quarter, the following items for the Powertrain Segment as of the last day of such quarter (in each case determined in accordance with GAAP): i. accounts receivable; plus ii. factored receivables that would not have otherwise been paid during the fiscal quarter; plus iii. net inventory; plus iv. property, plant and equipment net of depreciation (i.e. net book value); plus v. goodwill and other intangible assets related to acquisitions or investments completed on or after September 30, 2013; plus vi. investments in non-consolidated subsidiaries (excluding $100 million consisting primarily of retained earnings established before January 1, 2014); less vii. accounts payable; less viii. accrued liabilities (other than accruals for short term taxes or short term interest). ix. net book value of capitalized restructuring (i.e. gross amount of restructuring capitalized net of accumulated amortized restructuring charged through EBIT) Working Assets shall be calculated quarterly during the Performance Period. The Participant and the Company acknowledge and agree that Working Assets for the fiscal quarter of the Powertrain Segment ended December 31, 2014 was [____]. Notwithstanding anything to the contrary in the foregoing: (A) Working Assets shall be determined without giving effect to any gains and losses on the sale of a business; and (B) the Compensation Committee shall, subject to the terms of the Plan, adjust the calculation of Working Assets for events or actions during the course of the Performance Period that are extraordinary and/or non-recurring (including but not limited to goodwill impairments).

Working Assets means, for any fiscal quarter, the following items as of the last day of such quarter (in each case determined in accordance with GAAP): i. accounts receivable; plus ii. net inventory; plus iii. other current assets; plus iv. property, plant and equipment net of depreciation (i.e. net book value); plus v. net value of capitalized restructuring (i.e. gross amount of restructuring capitalized net of accumulated amortized restructuring charged through EBIT); less vi. accounts payable; less vii. accrued liabilities (other than accruals for short term taxes or short term interest) Working Assets shall be calculated quarterly during the Performance Period. The Participant and the Company acknowledge and agree that Working Assets for the fiscal quarter ended December 31, 20[ ] was $[ ] million. Notwithstanding anything to the contrary in the foregoing the Committee shall, subject to the terms of the Plan, adjust the calculation of Working Assets as a result of extraordinary or non-recurring events (including but not limited to goodwill impairments or legacy costs), changes in applicable accounting rules or principles, changes in the Company’s methods of accounting, changes in applicable law, changes due to any consolidation, acquisition or reorganization affecting the Company or such other material change in the Company’s business.

Working Assets means, for any fiscal quarter, the following items for the Powertrain Segment as of the last day of such quarter (in each case determined in accordance with GAAP): i. accounts receivable; plus ii. factored receivables that would not have otherwise been paid during the fiscal quarter; plus iii. net inventory; plus iv. property, plant and equipment net of depreciation (i.e. net book value); plus v. goodwill and other intangible assets related to acquisitions or investments completed on or after [September 30], 2013; plus vi. investments in non-consolidated subsidiaries (excluding $100 million consisting primarily of retained earnings established before January 1, 2014); less vii. accounts payable; less viii. accrued liabilities (other than accruals for short term taxes or short term interest). Working Assets shall be calculated quarterly during the Performance Period. The Participant and the Company acknowledge and agree that Working Assets for the fiscal quarter of the Powertrain Segment ended September 30, 2013 was $***. Notwithstanding anything to the contrary in the foregoing: (A) Working Assets shall be determined without giving effect to any gains and losses on the sale of a business; and (B) the Compensation Committee shall, subject to the terms of the Plan, adjust the calculation of Working Assets for events or actions during the course of the Performance Period that are extraordinary and/or non-recurring (including but not limited to goodwill impairments).

Working Assets means, with respect to the Motorparts Division, accounts receivable plus inventory, less accounts payable, plus PP&E (plant, property and equipment), capitalized software, plus investment in non-consolidated joint ventures.

Working Assets means, for purposes of determining compliance with Section 7.03(f) only, the sum of (i) the book value of net Accounts Receivable of the Borrower and the Guarantors, plus (ii) the book value of net Inventory of the Borrower and the Guarantors, plus (iii) the actual value of all Cash and Cash Equivalents of the Borrower and the Guarantors, in each case as shown on the consolidated balance sheet of the Borrower and the Guarantors as of the last day of the immediately preceding calendar month.”

Working Assets is equal to accounts receivable plus inventory, less accounts payable, plus PP&E (plant, property and equipment), capitalized software, plus investment in non-consolidated joint ventures. The ROWA calculation will assume factoring levels remain consistent with 2018 budget levels. Notwithstanding anything herein to the contrary, for purposes of calculating Operational EBITDA, ROWA and Net Sales, the Compensation Committee may, in its sole and absolute discretion, adjust the calculation of Operational EBITDA, ROWA and Net Sales, or their respective targets, based on approved capital expansion plans, acquisitions, changes in foreign currency exchange rates and other changes in Company business for events or actions during the course of the Performance Period that vary from business plan assumptions or that are unusual, infrequent and/or non-recurring (including but not limited to goodwill impairments or legacy costs). For purposes of clarification, the Operational EBITDA performance target set forth in Section 6 is based on the Company’s current business plan. Performance Metrics: Two Elements (see Appendix A):

Working Assets means, for any fiscal quarter, the following items as of the last day of such quarter (in each case determined in accordance with GAAP): (i) accounts receivable (including factored receivables, whether or not reflected on the balance sheet of the Vehicle Components Segment); plus (ii) inventory; plus (iii) property, plant and equipment; plus (iv) investments in non-consolidated subsidiaries; plus (v) goodwill and other intangible assets related to any acquisitions or investments completed on or after March 31, 2013; less (vi) accounts payable; less (vii) accrued rebates. Working Assets shall be calculated quarterly during the term of the EVA Award. The Employee and the Employer acknowledge and agree that Working Assets for the fiscal quarter of the Vehicle Components Segment ended March 31, 2013 was $***.

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