Examples of Excess Working Capital Amount in a sentence
In such case, the other party hereby agrees to act as an agent on behalf of such first party in collecting such receivables, holding such current assets and making a cash payment of an amount equal to the Excess Working Capital Amount to such first party within 10 days after the final Net Working Capital Statement is delivered to both parties.
OMAM made an initial Capital Contribution to the Company on December 31, 2007 of $1,250,000,000, plus (a) the amount of Segregated Client Mandated Capital as of such date ($32,000,000) and (b) the Excess Working Capital Amount.
It was acknowledged that the programme was subject to variation throughout the year to take account of changing timescales, emerging priorities and new and changing business.
As of the date hereof, the Excess Working Capital Amount has been paid to OMAM.