Working Capital Model definition

Working Capital Model means the model used to determine the Agreed Net Working Capital set forth in Schedule 1.1 hereto.

Working Capital Model means, in relation to any Quarter End Date, a Working Capital Model prepared by the Borrower which:

Examples of Working Capital Model in a sentence

• As mentioned earlier, the zakat valuation in Malaysia is based on two approaches, namely Growth Model and Working Capital Model.

• For the purposes of this Agreement, the Agreed Net Working Capital is deemed to be $39,457,000 and is determined pursuant to the Working Capital Model.

• At the Closing, Purchaser (i) shall have delivered the Cash Purchase Price to Seller in accordance with this Agreement and Seller shall acknowledge receipt of such payment and (ii) shall pay and deliver to Wolverine the sum of US$543,000.00 as an adjustment to the Cash Purchase Price due to fluctuations in the working capital of Wolverine Shanghai computed in accordance with the Working Capital Model (the “Working Capital Adjustment Payment”).

• To receive DLA, a person had to submit a claim, and then provide evidence of their disability, sometimes including a medical examination.

• Within ten calendar days after the Closing Date, Sellers shall deliver to Buyer a certificate executed on behalf of Sellers by the President or any Vice President of FFMC, dated the date of its delivery, setting forth Sellers' best good faith estimate of the Estimated Closing Net Working Capital based upon the most recent available financial statements and prepared in accordance with the Agreed Accounting Principles and otherwise on a basis consistent with the Working Capital Model.

• Working Capital Model is based on the following formula:Total zakat liability= Current Asset – Current Liabilities +/- AdjustmentsEither Working Capital or Growth approaches, both are based on the information extracted from Balance Sheet prepared by such business.Both approaches provide similar result since the base used is the net worth of current asset.

• This means that if the sum of the zakatable assets owned by the business is below the nisab at the time zakat falls due (haul), the businesses do not have to pay zakat.Awang and Abdul Rahman (2003) in their case study at Pusat Zakat Selangor (PZS), mentioned there are two approaches adapted by PZS namely Growth Model (Urfiyyah) and Working Capital Model (Syarr‟iyyah).

• The Working Capital Model is defined as current liabilities deducted from current assets, and adjustments shall only be applicable to certain related items.Both models provide similar results since the base used is the net worth of current asset.A case study of zakat measurement by companies in Malaysia by Awang and Abdul Rahman (2003) found that zakat assessment is based on historical cost data.