Working Capital of the Company definition

Working Capital of the Company or “Working Capital” means the Current Assets of the Company, less the Current Liabilities of the Company determined in accordance with and adjusted pursuant to the Accounting Principles.
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Working Capital of the Company means the Current Assets of the Company less the Current Liabilities of the Company, excluding cash, deferred tax assets or deferred tax liabilities, accrued interest associated with Total Indebtedness, current portion of obligations under capital lease, and current portion of long term debt, as recorded on the Preliminary Closing Statement or on the Final Closing Statement, as applicable and accounted for in a manner consistently applied with the Audited Financial Statements. For the purposes of this Agreement: (A) “Current Assets of the Company” means the Company current assets as recorded on the Preliminary Closing Statement or on the Final Closing Statement, as applicable and (B) “Current Liabilities of the Company” means the Company current liabilities as recorded on the Preliminary Closing Statement or on the Final Closing Statement, as applicable;
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Working Capital of the Company means the Current Assets of the Company less the Current Liabilities of the Company, as recorded on the Preliminary Closing Statement or on the Final Closing Statement, as applicable.
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Examples of Working Capital of the Company in a sentence

  • There shall have been no material change in the Working Capital of the Company.

  • Exhibit 2.16 contains a true and accurate (i) list of all Accounts Receivable, and (ii) list of all Accounts Payable and (iii) statement of the working capital ("Working Capital") of the Company as of the Balance Sheet Date.

  • The Working Capital of the Company has been substantially depleted in the earlier years which significantly impacted the operating capacity resulting in higher costs.Steps taken or proposed to be taken for improvement The Company undertook several steps to lowering the overheads and aligning resources with current level of operations.

  • The amount of Working Capital of the Company as of 11:59 p.m. on the Business Day immediately preceding the Closing Date as agreed upon by Seller and Purchaser (which shall be the Final Working Capital if Seller does not timely deliver a Dispute Notice), or as results from the Determination, as applicable, shall be conclusive and binding on all Parties hereto and shall be deemed the “Actual Working Capital” for all purposes hereunder.

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  • The Company shall cause the Working Capital of the Company and its Subsidiaries, taken as a whole, to exceed $1,000,000, measured at the end of each fiscal quarter of the Company and its Subsidiaries.

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  • The "Estimated Closing Adjustment Amount" (which may be a positive or negative number) will be an amount equal to (i) the Working Capital of the Company as reflected on the Estimated Closing Balance Sheet (as prepared and delivered pursuant to Section 1.5(b) below), minus (ii) $0.

  • Seller has represented to Buyer that the Working Capital of the Company and the Joint Venture as of June 30, 2010 is and that the Working Capital of the Company and the Joint Venture as of the Effective Time (“Effective Time Working Capital”) will be a reasonably sufficient level of Working Capital to support the operations of the Business in a manner consistent with the historical operations of the Business and assuming normal operating conditions.

  • The parties hereto acknowledge that the consideration being paid to Sellers pursuant to Section 3.1 is based on the assumption that the Net Working Capital of the Company shall be equal to Forty One Million Nine Hundred Thousand Dollars ($41,900,000) (the "Assumed Net Working Capital").


More Definitions of Working Capital of the Company

Working Capital of the Company means those current assets of the Company and its subsidiaries minus those current liabilities of the Company and its subsidiaries described in Exhibit 1.1 hereof.
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Related to Working Capital of the Company

  • Working Capital means Current Assets less Current Liabilities.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

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

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

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

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

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

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

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

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

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

  • 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.

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

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

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

  • Target Net Working Capital means $36,500,000.

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

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

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

  • Working Capital Target has the meaning set forth in Section 1.3(b).

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

  • Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.

  • 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 Escrow Amount means $500,000.