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.

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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

With respect to any performance period that has not been fully completed as of the Closing Date, Buyer shall, or shall cause its subsidiaries to, (x) honor all obligations under the LTIP and Cash Bonus Plan and (y) make all payments and determinations thereunder consistent with past practice (including with respect to the timing thereof), with such amounts being no less than the amount included as an item of Indebtedness or as a liability in Adjusted Working Capital.
Seller shall be responsible for all Taxes of the Acquired Company relating to the portion of any Straddle Period included in any Pre-Closing Tax Period, but only to the extent (if any) that such Taxes exceed the amount reserved for such Taxes on the Closing Statement and included in the computation of Net Working Capital.

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

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 the excess of Consolidated Current Assets over Consolidated Current Liabilities.