Working Cash definition

Working Cash means the sum of $1,500 representing the estimated average daily opening cash balance at each Restaurant.
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Working Cash means the sum of $1,500 representing the estimated average daily opening cash balance at each Restaurant. 1.2 Interpretation. Any reference in this Agreement to a statute shall be to such statute, as amended from time to time prior to the date hereof, and to the rules and regulations promulgated thereunder prior to the date hereof. Any reference to any agreement, document or instrument means such agreement, document or instrument as amended or otherwise modified from time to time in accordance with its terms. Unless the context otherwise requires, (1) all references made in this Agreement to a Section, Schedule or an Exhibit are to a Section, Schedule or an Exhibit of or to this Agreement, (2) “or” is disjunctive but not necessarily exclusive, (3) “will” shall be deemed to have the same meaning as the word “shall” and (4) words in the singular include the plural and vice versa. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation,” whether or not so followed. The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof.
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Working Cash. ® Sweep Rider shall mean the Working Cash®, Line of Credit, Investment Sweep Rider, dated as of the Closing Date, by and among the Borrower and PNC.
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Examples of Working Cash in a sentence

  • Working Cash and all other elements of rate base not specifically addressed above shall be fixed at the dollar amount approved by the Commission in the last issued Decision & Order in the Company’s most recent test year general rate case.

  • Whether through the sale of working cash bonds or through annual levy, the maximum amount that can be accumulated in the Working Cash Fund is 85% of the taxes permitted to be levied for educational purposes for the then current year plus 85% of the district's last known Corporate Personal Property Replacement Tax entitlement (Section 20-2 of the Illinois School Code (105 ILCS 5/20-2).

  • Such monies, excluding Working Cash Fund loans, must be repaid to the proper fund within three years.

  • The bid should be submitted on the prescribed BID FORM at Page No.18 to 20.

  • Exceptions to the payment of Working Cash Fund loans exist when tax anticipation notes are outstanding.

  • Unassigned Fund Balance amounts are shown in the financial statements as Unreserved Fund Balances in the Educational, Operations and Maintenance, and Working Cash Funds.

  • Warrants may be issued to a legal maximum of 85% of the total amount of the tax levied less the amount available for loan in or loaned from the Working Cash Fund.

  • The Commuter Rail Board with the affirmative vote of 7 5 of its Directors may demand and direct the Board of the Authority to issue Working Cash Notes at such time and in such amounts and having such maturities as the Commuter Rail Board deems proper, provided however any such borrowing shall have been specifically identified in the budget of the Commuter Rail Board as approved by the Board of the Authority.

  • Any such notes are referred to in this Section as "Working Cash Notes".

  • The General Fund consists of the Educational Account, Operations and Maintenance Account, and the Working Cash Account that are legally mandated by the State of Illinois.


More Definitions of Working Cash

Working Cash means cash or cash equivalents held by the Company or the Subsidiary but excluding cash or cash equivalents (a) that are legally or contractually restricted from distribution or use and (b) to the extent arising from a prepayment for which the Closing Financial Statements do not show a corresponding Current Liability. FIRST AMENDMENT to MEMBERSHIP INTEREST PURCHASE AGREEMENT This First Amendment to Membership Interest Purchase Agreement (the “First Amendment”), dated as of February 9, 2010, is entered into by and between Mowood, LLC, a Delaware limited liability company (the “Seller”), and Landfill Energy Systems LLC, a Delaware limited liability company (the “Purchaser”).
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Related to Working Cash

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

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

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

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

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

  • Estimated Working Capital Adjustment shall have the meaning set forth in Section 2.2(b).

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.

  • Working Capital Adjustment has the meaning set forth in Section 2.15(b).

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • 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.

  • 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 Adjustment Amount means the amount (which may be positive or negative) equal to the result of the Closing Net Working Capital minus the Target Working Capital Amount.

  • Closing Cash means the amount of Cash determined as of the close of business on the Closing Date.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

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

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

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

  • Working Capital Target means $0.

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

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • Target Net Working Capital Amount means $5,000,000.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Target Working Capital means $0.

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

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.