Minimum Net Working Capital. For each of the “fiscal months” listed in the table below, Net Working Capital shall not be less than the amount set forth opposite each such month in the table: “Fiscal Month(s)” Minimum Net Working Capital April 2003 $ (7,800,000 ) May, June and July 2003 (8,200,000 ) August 2003 (8,400,000 ) September and October 2003 (8,200,000 ) November 2003 (8,000,000 ) December 2003 and January 2004 (7,700,000 ) February 2004 (7,600,000 ) March and April 2004 (7,300,000 ) May 2004 (7,200,000 ) June, July and August 2004 (7,000,000 ) September 2004 and thereafter (6,800,000 )
Minimum Net Working Capital. The Company will maintain Net Working Capital at all times during each period specified below (measured as of the last day of each monthly fiscal accounting period) in an amount not less than the amount specified below for each period:
Minimum Net Working Capital. The Company shall maintain minimum at all times and measured as of the end of each Fiscal Quarter a ratio of Current Assets less Current Liabilities of not less than $35,000,000.
Minimum Net Working Capital. (1) have at the end of each fiscal quarter, other than fiscal year end, an excess of current assets over current liabilities (both as determined in accordance with GAAP consistently applied) of not less than $15,000,000.00 and (2) have at then end of each fiscal year, an excess of current assets over current liabilities (both as determined in accordance with GAAP consistently applied) of not less than $35,000,000.00.
Minimum Net Working Capital. (a) No later than three (3) business days prior to the Closing Date, Seller shall deliver to Purchaser a good faith estimate of the Net Working Capital of the Business (the “Estimated Net Working Capital”) substantially in the form of Exhibit C and reasonably acceptable to Purchaser, quantifying the items specified on such exhibit (and any other items relevant under GAAP for a determination of Net Working Capital) for each of the Purchased Entities (giving effect to the Pre-Closing Transactions) as of the Closing Date, and for the Business taken as a whole, prepared in accordance with GAAP applied consistently with the Balance Sheet furnished pursuant to Section 3.8 (provided that, to the extent that the Balance Sheet was not in accordance with GAAP, GAAP shall apply), and including a computation in accordance with such data of the Estimated Net Working Capital. If Estimated Net Working Capital is less than, Four Million Three Hundred and Fifty Thousand United States Dollars (US $4,350,000) (such adjustment referred to as the “Closing Adjustment”), the Cash Payment shall be reduced by such difference. In no event shall the Closing Adjustment result in an increase in the Cash Payment or the Closing Cash Payment (as defined in the next sentence). For purposes of this Agreement, the Cash Payment adjusted by the Closing Adjustment is referred to as the “Closing Cash Payment”.
Minimum Net Working Capital. Permit Texadian’s consolidated Net Working Capital (as calculated on an Economic Basis) at any time (i) to be less than $10,000,000 if, as of such date of determination, the Elected Facility Amount is equal to $30,000,000, (ii) to be less than $15,000,000 if, as of such date of determination, the Elected Facility Amount is equal to $50,000,000 and (iii) to be less than $25,000,000 during the Temporary Maximum Availability Time.”
Minimum Net Working Capital. The Company shall have, as of the Closing Date, Net Working Capital in excess of the Minimum NWC Amount.
Minimum Net Working Capital. The Net Working Capital as of the close of business on the Closing Date shall be equal to or exceed the Minimum Net Working Capital.
Minimum Net Working Capital. The Company will maintain Net Working Capital at all times (measured as of the last day of each monthly fiscal accounting period) in an amount not less than $85,000,000.
Minimum Net Working Capital. Seller covenants that Net Working Capital on the Closing Date shall not be less than negative $100,000. As used in this Section 3.7, "Net Working Capital" shall mean the sum of (A) the sum of (i) accounts receivable plus (ii) unbilled revenue minus (B) the sum of (i) accounts payable, (ii) accrued carrier costs, (iii) accrued customer billed and other taxes, (iv) accrued other and (v) current portion of capital leases. Each of the terms set forth in foregoing clauses (A) and (B) shall be derived from line items presented on the balance sheet of the Company to be prepared consistent with the books and records of the Company and delivered by Seller at Closing. ARTICLE IV
