Working Capital Balance has the meaning specified in Section 5.12.
Working Capital Balance means Current Assets less Current Liabilities; and
Working Capital Balance means for each day in the applicable Working Capital Period, the cumulative balance during such Working Capital Period, calculated as the difference between (i) the amount of cash received from Coffeyville for the purchase of Crude Oil and (ii) the amount of cash expended by Vitol to purchase Crude Oil for Coffeyville during such Working Capital Period. It is the intention of the Parties that the Working Capital Balance shall be calculated as a running balance and that a negative balance shall indicate that more money was expended by Vitol during such period than received, and conversely, a positive balance shall indicate that more money was received by Vitol during such period than expended. PORTIONS OF THIS AGREEMENT DENOTED WITH THREE ASTERISKS (***) HAVE BEEN OMITTED AND WILL BE SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT WITH THE SECURITIES AND EXCHANGE COMMISSION
Examples of Working Capital Balance in a sentence
The Rate Reserve Fund will be counted in the Working Capital Balance calculation, however any expenditure from the Rate Reserve Fund will require an appropriation approved by the Water Authority Board.
The goal for the Water Authority is to achieve and maintain a Working Capital Balance that will be 1/12 of the Water Authority’s annual budgeted expenditures.
If the Closing Date Working Capital Balance is less than the Estimated Working Capital Balance, the Cash Price shall be adjusted downward on a dollar for dollar basis by the amount of such difference.
By Fiscal Year 2015 the goal for the Water Authority is to achieve and maintain a Working Capital Balance that will be 1/12 of the Water Authority’s annual budgeted expenditures.
Working Capital Balance As of March 31, 2021, the Company had a working capital deficit of $3,952,896 (June 30, 2020: deficit of $918,048).
More Definitions of Working Capital Balance
Working Capital Balance means, for any day, the aggregate balance of cash and Cash Equivalents of the Company and its Subsidiaries; provided, however, that amounts of Net Cash Proceeds (plus amounts described in causes (2) and (4) of the definition of Net Cash Proceeds pending their use as contemplated) or Net Loss Proceeds shall be excluded from the Working Capital Balance.
Working Capital Balance means $500,000 or such other amount as may be agreed with the Majority Banks from time to time.
Working Capital Balance means for each day in the applicable Working Capital Period, the cumulative balance during such Working Capital Period, calculated as the difference between (i) the amount of cash received from Coffeyville for the purchase of Crude Oil and (ii) the amount of cash expended by Vitol to purchase Crude Oil for Coffeyville during such Working Capital Period. It is the intention of the Parties that the Working Capital Balance shall be calculated as a running balance and that a negative balance shall indicate that more money was expended by Vitol during such period than received, and conversely, a positive balance shall indicate that more money was received by Vitol during such period than expended.
Working Capital Balance means the excess of the current assets of Sunbelt and its Subsidiaries over the current liabilities of Sunbelt and its Subsidiaries, all as determined in accordance with French GAAP (to the extent not inconsistent with this Agreement).
Working Capital Balance. The "Working Capital Balance" of Seller means, as of any date of determination, the excess of the current assets of Seller set forth on Schedule 1.2(c) as of such date over the current liabilities set forth on Schedule 1.2(c) as of such date, determined in accordance with the GAAP but determined without taking into account any Excluded Assets or Excluded Liabilities. "GAAP" means generally accepted accounting principles in the United States, as in effect from time to time, and as consistently applied by Seller with respect to the accounting methods used (consistent application shall be determined by reference to the work papers of Seller's independent accountants relating to Seller's most recent audited financial statements);
Working Capital Balance of Seller means, as of any date of determination, the excess of the current assets of Seller set forth on Schedule 1.2(c) as of such date over the current liabilities set forth on Schedule 1.2(c) as of such date, determined in accordance with the GAAP but determined without taking into account any Excluded Assets or Excluded Liabilities. "GAAP" means generally accepted accounting principles in the United States, as in effect from time to time, and as consistently applied by Seller with respect to the accounting methods used (consistent application shall be determined by reference to the work papers of Seller's independent accountants relating to Seller's most recent audited financial statements);
Working Capital Balance means Current Assets minus Current Liabilities, excluding unrestricted cash balance, revolving line of credit balance, accrued restructuring costs, and any current liability related to the Subordinated Term Promissory Note dated July 29, 2000 made by QuaTech in favor of The HillStreet Fund, L.P. (the “QuaTech Note”).