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

• Each of the Working Capital Warrants shall be identical to the Private Placement Warrants.

• For the avoidance of doubt, there shall be no duplication of any item in the calculation of the Final Working Capital Adjustment Amount, Final Closing Cash Amount, Final Closing Indebtedness Amount, Final Seller Transaction Expense Amount or Final Change of Control Payments.

• Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on (i) any transfer of Public Warrants on and after the Detachment Date or (ii) any transfer of Private Placement Warrants, Working Capital Warrants or Post-IPO Warrants.

• Not less than two Business Days prior to the Closing Date, the Partnership shall deliver to Purchaser a statement (the “Estimated Closing Statement”) setting forth in reasonable detail (a) a good faith calculation of the Partnership’s estimate of Cash (“Estimated Cash”), Indebtedness (“Estimated Indebtedness”), Net Working Capital (“Estimated Net Working Capital”) and Transaction Expenses (“Estimated Transaction Expenses”) and (b) the Closing Purchase Price.

• The Dispute Resolution Firm’s determination shall be based solely on the definitions of Cash, Indebtedness, Net Working Capital and Transaction Expenses contained herein, other applicable definitions and provisions set forth in this Agreement and the Accounting Principles.

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 the excess of Consolidated Current Assets over Consolidated Current Liabilities.

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