Working Capital Amount definition

Working Capital Amount has the meaning set forth in Section 2.4, above.

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Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

Working Capital Amount means the Closing Date Assets less the Closing Date Liabilities. The Working Capital Amount can be represented by a positive or negative number.

Examples of Working Capital Amount in a sentence

In addition, following Manager’s reasonable request therefor, within seven (7) days’ prior written notice, Owner shall deposit additional working capital funds in such Bank Account so that the balance in the Bank Account is not less than the Working Capital Amount.
During the 60-day period following delivery of a Dispute Notice, Seller and Buyer shall negotiate in good faith to reach agreement on the items under the Closing Net Working Capital Amount, Closing Cash, Closing Indebtedness, Transaction Expenses, Aggregate Forfeited Seller Equity Award Value or Specified Amount that are in dispute as set forth in the Dispute Notice (the “Disputed Items”).
Manager shall, within twenty (20) days of the close of each calendar month, after payment of the foregoing expenses, remit to Owner the balance of the Bank Account, less the Working Capital Amount.
If Manager determines, in its good faith business judgment, that the Working Capital Amount is insufficient to adequately meet the working capital needs for the Hotel’s operations, Manager shall notify Owner and Manager and Owner shall reasonably cooperate on an adjustment to the amount of the Working Capital Amount, provided that any changes to the Working Capital Amount shall be subject to the prior written approval of Owner.
Owner shall deposit into the main operating Bank Account on or prior to the Effective Date the Working Capital Amount.

More Definitions of Working Capital Amount

Working Capital Amount shall have the meaning specified in Section 3.4(e).

Working Capital Amount shall have the meaning set forth in Section 2.3(c).

Working Capital Amount means the amount obtained by subtracting Current Liabilities from Current Assets. For purposes of the foregoing:

Working Capital Amount means the aggregate value of:

Working Capital Amount means, in the aggregate, such amounts as are required to fund Working Capital requirements of Borrower, Guarantor and the Borrower Subsidiaries.

Working Capital Amount means (i) all unconsolidated current assets of the Parallax, minus (ii) all unconsolidated current liabilities of Parallax, each as calculated in accordance with GAAP consistently applied with the Audited Balance Sheet, provided, however, that all unconsolidated liabilities or obligations of Parallax relating to any financial advisor, legal, accounting, and any other transaction fees, as well as any other liabilities or obligations (including, without limitation, parachute payments and severance payments) that arise out of or result from the transactions contemplated by this Agreement or the Merger Agreement (but not paid in cash prior to the Closing Date) shall be included as current liabilities of Parallax.

Working Capital Amount means the Working Capital determined as of the close of Seller’s business on the day immediately prior to the Closing Date.