Working Capital definition

Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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

Working Capital means Current Assets minus Current Liabilities.

Examples of Working Capital in a sentence

Each of the Working Capital Warrants shall be identical to the Private Placement Warrants.
The Private Placement Warrants and the Working Capital Warrants shall not become Public Warrants as a result of any transfer of the Private Placement Warrants, regardless of the transferee.
The Company agrees that the redemption rights provided in this Section 6 shall not apply to the Private Placement Warrants or Working Capital Warrants.
For avoidance of doubt, except as described in clause (y) above or in Section 11.4, in no event shall any Working Capital Facility or other indebtedness entered into in accordance with the terms of this Agreement contractually prohibit or restrict the JV from making any payments to or for the benefit of the Co-Investor Limited Partner (including the Call Price, Early Call Price or otherwise).
Our Bank has entered into the Working Capital Loan Contract with your company, bearing the reference number // .

More Definitions of Working Capital

Working Capital mean Borrower's current assets, excluding prepaid expenses, less Borrower's current liabilities.

Working Capital means funds that are used in the day-to-day operation of the business of the Hotel, including, without limitation, amounts sufficient for the maintenance of change and ▇▇▇▇▇ cash funds, amounts deposited in operating bank accounts, receivables, amounts deposited in payroll accounts, prepaid expenses and funds required to maintain Inventories, less accounts payable and accrued current liabilities.

Working Capital. The words "Working Capital" mean Borrower's current assets, excluding prepaid expenses, less Borrower's current liabilities.

Working Capital means, at any date, the excess of current assets of the Company and its Subsidiaries on such date over current liabilities of the Company and its Subsidiaries on such date, all determined on a consolidated basis in accordance with GAAP.

Working Capital means, for any Person at any date, the amount, if any, by which the Consolidated Current Assets of such Person at such date exceeds the Consolidated Current Liabilities of such Person at such date.

Working Capital means, as of any date of determination, the excess, if any, of Current Assets over Current Liabilities as of such date.

Working Capital means the excess of Consolidated Current Assets over Consolidated Current Liabilities.