Working Capital Balance definition

Working Capital Balance has the meaning specified in Section 6.3(b).

Working Capital Balance means Current Assets less Current Liabilities; and

Working Capital Balance means, for any day, the aggregate balance of cash and Cash Equivalents of the Company and its Subsidiaries; provided, however, that amounts of Net Cash Proceeds (plus amounts described in causes (2) and (4) of the definition of Net Cash Proceeds pending their use as contemplated) or Net Loss Proceeds shall be excluded from the Working Capital Balance.

Examples of Working Capital Balance in a sentence

• We have also been advised that the Reserve Value and Working Capital Balance of each Partnership has been properly allocated between Pioneer USA and Limited Partners of each Partnership in accordance with the Partnership Agreement with respect to a liquidation of such Partnership.

• If the Ending Working Capital Balance exceeds the Initial Working Capital Balance, Lessor shall pay over to Lessee cash in the amount of such excess within thirty (30) days of such determination.

• If the Ending Working Capital Balance is less than the Initial Working Capital Balance, Lessee shall pay over to Lessor cash in the amount of such deficiency, within thirty (30) days of such determination.

• The Rate Reserve Fund will be counted in the Working Capital Balance calculation, however any expenditure from the Rate Reserve Fund will require an appropriation approved by the Water Authority Board.

• Additionally, both the Initial Working Capital Balance and the Ending Working Capital Balance shall be calculated without the inclusion of any "in circulation" operating or consumable supplies ("In-Circulation Supplies").

More Definitions of Working Capital Balance

Working Capital Balance means for each day in the applicable Working Capital Period, the cumulative balance during such Working Capital Period, calculated as the difference between (i) the amount of cash received from Coffeyville for the purchase of Crude Oil and (ii) the amount of cash expended by Vitol to purchase Crude Oil for Coffeyville during such Working Capital Period. It is the intention of the Parties that the Working Capital Balance shall be calculated as a running balance and that a negative balance shall indicate that more money was expended by Vitol during such period than received, and conversely, a positive balance shall indicate that more money was received by Vitol during such period than expended.

Working Capital Balance means for each day in the applicable Working Capital Period, the cumulative balance during such Working Capital Period, calculated as the difference between (i) the amount of cash received from Coffeyville for the purchase of Crude Oil and (ii) the amount of cash expended by Vitol to purchase Crude Oil for Coffeyville during such Working Capital Period. It is the intention of the Parties that the Working Capital Balance shall be calculated as a running balance and that a negative balance shall indicate that more money was expended by Vitol during such period than received, and conversely, a positive balance shall indicate that more money was received by Vitol during such period than expended. PORTIONS OF THIS AGREEMENT DENOTED WITH THREE ASTERISKS (***) HAVE BEEN OMITTED AND WILL BE SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT WITH THE SECURITIES AND EXCHANGE COMMISSION

Working Capital Balance means the excess of the current assets of Sunbelt and its Subsidiaries over the current liabilities of Sunbelt and its Subsidiaries, all as determined in accordance with French GAAP (to the extent not inconsistent with this Agreement).

Working Capital Balance means (i) 0.9 times the sum of the accounts receivable and the unbilled work-in-process receivables (net of reserves), each as shown on the Closing Financial Schedules minus (ii) the Deferred Revenue as shown on the Closing Financial Schedules minus (iii) the Supplier Payables as shown on the Closing Financial Schedules.

Working Capital Balance means, for any day, the aggregate balance of cash and cash equivalents of Morris Publishing and its subsidiaries, excluding amounts of Net Cash Proceeds (and certain amounts that would constitute Net Cash Proceeds pending their use) and Net Loss Proceeds.

Working Capital Balance. An amount equal to the Working Capital (as defined below), deducting: (A) An amount of NIS 2 million; and (B) The cash dividend amounts announced by the Company starting from the Record Date and up to (and including) the Signing Date, which have been or will be paid to the Company’s shareholders up to the Completion Date (inclusive), as provided in Section 6.2 below.

Working Capital Balance. An amount equal to the Working Capital (as defined below), deducting: (A) An amount of NIS 2 million; and (B) The cash dividend amounts announced by the Company starting from the Record Date and up to (and including) the Signing Date, which have been or will be paid to the Company’s shareholders up to the Completion Date (inclusive). “Working Capital” – The Company’s total current assets according to the Financial Statements as of the Record Date, deducting the Company’s total current obligations (neutralizing current maturities of obligations due to leases) according to the Financial Statements as of the Record Date. [Attached hereto as Annex 4 hereof is the Company’s working capital calculation as of March 31, 2021, based on the Company’s solo financial statements of March 31, 2021]