Working Capital Rights definition

Working Capital Rights shall have the meaning given in the Recital hereto.
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Working Capital Rights one redeemable warrant (“Working Capital Warrants”); and
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Working Capital Rights and, together with the Public Rights and the Private Rights, the “Rights”).
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Examples of Working Capital Rights in a sentence

  • With respect to the Private Placement Rights or Working Capital Rights, as soon as practicable upon the occurrence of an Exchange Event, the Company shall direct holders of the Private Placement Rights or Working Capital Rights to return their Rights Certificates to the Rights Agent.

  • Each holder of a Private Placement Right or Working Capital Right will be required to indicate his, her or its election to convert the Private Placement Rights or Working Capital Rights into the underlying shares of Common Stock as well as to return the original certificates evidencing the Private Placement Rights or Working Capital Rights, if any, to the Company.

  • With respect to the Private Placement Rights or Working Capital Rights, upon receipt of a valid Rights Certificate, the Company shall make (or cause to be made) entries in its Register of Members of the Company and issue to the registered holder of such Private Placement Rights or Working Capital Rights a certificate or certificates for the number of full shares of Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it.

  • The Company will reserve and keep available that maximum number of its authorized but unissued securities which are issuable upon exercise or conversion, as appliable, of the Warrants, Rights, Placement Warrants, Placement Rights, Working Capital Warrants, Working Capital Rights, Extension Loan Warrants and Extension Loan Rights, if any, outstanding from time to time.

  • All other modifications or amendments shall require the written consent or vote of the registered holders of a majority of the then outstanding Rights and, with respect to any amendment that solely affects the terms of the Private Rights, the Working Capital Rights or any provision of this Agreement solely with respect to the Private Rights or the Working Capital Rights, at least a majority of the number of then-outstanding Private Rights or the Working Capital Rights.

Related to Working Capital Rights

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

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

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

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

  • Target Working Capital means $0.

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

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

  • Net Working Capital means current assets minus current liabilities.

  • Working Capital Target means $0.

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

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

  • Working Capital Escrow Amount means $1,000,000.

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

  • Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • 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.

  • Target Net Working Capital means $0.

  • Final Working Capital has the meaning set forth in Section 2.04(b).

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

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Net Working Capital Target means $0.00.

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

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

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