Working Capital Benchmark definition

Working Capital Benchmark means Five Million Ninety Thousand Dollars ($5,090,000).
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Working Capital Benchmark means $250,000.
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Working Capital Benchmark means the sum derived by making the currency conversions and aggregations set out in Part C of Schedule 9 and "calculation of the Working Capital Benchmark" means the calculation of such sum;
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Examples of Working Capital Benchmark in a sentence

  • The "Working Capital Benchmark" shall be calculated by aggregating the numbers set out below, where necessary first converting such amounts into dollars using the closing mid-point exchange rates appearing in The Financial Times on the first Business Day after the Completion Date.

  • If the Final Net Working Capital (as determined in accordance with this Section 1.3) is greater than the Net Working Capital Benchmark, the Members shall be entitled to receive (in accordance with their respective, relative Cash Contribution Consideration Percentage) from Holdco, in cash and without interest thereon, an amount equal to the amount by which the Final Net Working Capital exceeds the Net Working Capital Benchmark on a dollar-for-dollar basis.

  • If the Closing Net Working Capital is less than the Net Working Capital Benchmark, then Seller shall promptly remit to Purchaser an amount equal to the amount of such deficit by wire transfer in immediately available funds or shall otherwise take such measures, reasonably acceptable to Purchaser and Company, as are necessary to remedy any such deficit in the Net Working Capital.

  • Each Seller covenants that the Estimated Adjusted Working Capital Report will be prepared in good faith by the Sellers’ Representative in accordance with GAAP applied on a basis consistent with that used in the preparation of the Adjusted Working Capital Benchmark.

  • If the Final Adjusted Net Working Capital (as determined in accordance with this Section 1.3) is greater than the Adjusted Net Working Capital Benchmark, the Members shall be entitled to receive (in accordance with the Member Allocation) from Parent, in cash and without interest thereon, an amount equal to the amount by which the Final Adjusted Net Working Capital exceeds the Adjusted Net Working Capital Benchmark on a dollar-for-dollar basis.

  • If the Final Net Working Capital is less than the Net Working Capital Benchmark (such amount, the “Working Capital Shortfall”), Holdco shall be entitled to receive an amount equal to the Working Capital Shortfall in the form of shares initially issued from the Closing Stock Consideration, such shares for purposes of this Section 1.3(c) to be deemed to be valued at Eleven Dollars ($11.00) per share and without interest thereon.

  • If the Final Adjusted Net Working Capital is less than the Adjusted Net Working Capital Benchmark (such amount, the “Working Capital Shortfall”), Parent shall be entitled to receive from each Member, in cash and without interest thereon, an amount equal to its pro rata share determined in accordance with the Member Allocation) of the amount by which the Adjusted Net Working Capital Benchmark exceeds the Final Adjusted Net Working Capital on a dollar-for-dollar basis.


More Definitions of Working Capital Benchmark

Working Capital Benchmark means the sum calculated in accordance with paragraph 3 of Part B of Schedule 10 (Completion Accounts) as such sum may be adjusted in accordance with Clause 6 (Completion Accounts and Variable Intra-Group Debt Statement); and
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Working Capital Benchmark means $10,000,000.
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Related to Working Capital Benchmark

  • 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 Target means $0.

  • Net Working Capital Target means $0.00.

  • Net Working Capital means current assets minus current liabilities.

  • Target Working Capital means $0.

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

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

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

  • Target Net Working Capital means $0.

  • 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.

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • 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.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • 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.

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

  • Target Net Working Capital Amount means $0.

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

  • 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.

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

  • 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.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

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

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