Working Capital Floor definition

Working Capital Floor means an amount equal to the Base Working Capital minus $500,000.
Sample 1Sample 2Sample 3
Working Capital Floor shall have the meaning specified in Section 2.3(a).
Sample 1Sample 2Sample 3
Working Capital Floor means an amount equal to $154,000,000.
Sample 1Sample 2

Examples of Working Capital Floor in a sentence

  • Any excess cash over the Working Capital Floor will be part of the Dividend to Seller on the Closing Date.

  • If the Company is delivered on the Closing Date with such estimated Working Capital below the Working Capital Floor, the Purchase Price shall be adjusted downward dollar-for-dollar in the amount of the deficiency.

  • The Parties acknowledge that no adjustments may be made to the Working Capital Target, the Working Capital Floor or the Working Capital Ceiling.

  • If Final Closing Net Working Capital is less than the Base Net Working Capital Floor, then Seller shall pay or cause to be paid to Purchaser an amount in cash equal to the Base Net Working Capital Floor minus the Final Closing Net Working Capital, by wire transfer of immediately available funds to an account or accounts designated in writing by Purchaser to Seller.

  • We should note that a (macroeconomic) Keynesian consumption rule will typically allow for some constant fraction of current income to be saved in each period.

  • If in the second quarter of 2006 Morex Surviving LLC has an additional $1 million of pre-tax earnings and $200,000 of working capital at June 30, 2006, THK shall be required to leave $300,000 of working capital in Morex Surviving LLC (the difference in this example of the Working Capital Floor and $200,000), not an additional $500,000 of working capital.

  • If the Final Closing Net Working Capital is greater than or equal to the Base Net Working Capital Floor and less than or equal to the Base Net Working Capital Ceiling, then no further payment shall be required to be made in respect of Final Closing Net Working Capital.


More Definitions of Working Capital Floor

Working Capital Floor means an amount equal to (i) the Working Capital Target minus (ii) the Working Capital Collar Amount.
Sample 1
Working Capital Floor means an amount equal to negative $3,000,000 (-$3,000,000), which shall include Cash.
Sample 1
Working Capital Floor means $5,000,000.
Sample 1
Working Capital Floor means an amount equal to $112 million.
Sample 1
Working Capital Floor means $85,000,000.
Sample 1

Related to Working Capital Floor

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

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

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Base Working Capital means $25,000,000.

  • Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • 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.

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

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

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

  • Working Capital Escrow Amount means $500,000.

  • 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.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Target Working Capital Amount means $162,000,000.

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

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

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

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Net Working Capital Target means $0.00.

  • Working Capital means Current Assets less Current Liabilities.

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).