Working Capital Collar definition

Working Capital Collar means a range, the minimum amount of which is equal to $8,098,000 and the maximum amount of which is equal to $14,098,000.
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Working Capital Collar shall be an amount equal to $100,000.
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Working Capital Collar is defined in Section 2.3(a).
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Examples of Working Capital Collar in a sentence

  • Upon the final determination, pursuant to Section 1.3(b) above, of the Final Closing Statement, the Purchase Price shall be recalculated using the Closing Net Working Capital (giving effect to the Net Working Capital Collar Amount), the Closing Net Cash Amount, the Closing Indebtedness and the Transaction Expenses, each as set forth on the Final Closing Statement (the “Final Adjustment”).

  • If Final Working Capital is greater than Base Working Capital plus the Working Capital Collar, an amount equal to the difference between the Final Working Capital and the Base Working Capital shall be paid to Seller by the Company in accordance with this Section 2.11.

  • If the Estimated Closing Operating Working Capital is within the Working Capital Collar, no Estimated Adjustment to the Purchase Price shall be made.

  • The inclusion or exclusion of the Insurance Prepayments in the Working Capital Collar made no difference in the ultimate purchase price.

  • If the $156,818.05 in Insurance Prepayments had been omitted from the closing certificate, the resulting Working Capital calculation would have been $9,736,463.63—an amount that still would have eclipsed the floor of the Working Capital Collar.

  • This amount was $313,281.68 greater than the floor of the Working Capital Collar.

  • The Closing Statement will be in the same form as that used for the calculation of the Working Capital Collar Statement set forth on Appendix E and will be prepared in accordance with the Accounting Principles set forth on Appendix F.

  • The Inclusion of the Insurance Prepayment in the Working Capital Collar Did Not Modify the Definition of “Excluded Assets”.

  • The Inclusion of the Insurance Prepayments in the Working Capital Collar Was Immaterial to the Ultimate Purchase Price.


More Definitions of Working Capital Collar

Working Capital Collar means $50,000.
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Working Capital Collar means US$150,000.
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Working Capital Collar as defined in Section 2.5(a)(ii)(A). "XTRAC Usage Agreement"--that certain agreement regarding XTRAC excimer laser services by and between Seller and the Company, and acknowledged by Buyer, dated as of the date hereof, in the form previously agreed by the Parties.
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Working Capital Collar means $544,800.
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Working Capital Collar means $250,000.
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Working Capital Collar has the meaning set forth in Section 1.15(b).
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Related to Working Capital Collar

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Working Capital Units shall have the meaning given in the Recitals hereto.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

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

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

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Working Capital Escrow Amount means $2,000,000.

  • Working Capital Target means $0.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • Working Capital Shares shall have the meaning given in the Recitals hereto.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Target Working Capital means $0.

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.