Working Capital Requirements. The Contractor must demonstrate and maintain working capital as specified below. For the purposes of this Contract, working capital is defined as current assets minus current liabilities. Throughout the terms of this Contract, the Contractor must maintain a positive working capital, subject to the following conditions:
a. If a Contractor's working capital falls below zero, the Contractor must immediately notify EOHHS and submit for EOHHS approval a written plan within 30 days of findings, addressing the action steps being taken to reestablish a positive working capital balance.
b. EOHHS may take any action it deems appropriate, including termination of the Contract, if the Contractor:
(1) Fails to report a negative working capital balance that is subsequently identified through an audit;
(2) Does not propose a plan to reestablish a positive working-capital balance within a reasonable period of time as determined by EOHHS;
(3) Violates a corrective plan approved by EOHHS or
(4) EOHHS determines that negative working capital cannot be corrected within a reasonable amount of time as determined by EOHHS.
c. Notwithstanding the foregoing, CMS may take any action it deems appropriate, at any time, in order to protect beneficiary access to needed medical care.
Working Capital Requirements. Dealer shall maintain net working capital in amounts necessary for Dealer to comply with its obligations under this Agreement.
Working Capital Requirements. The Contractor must demonstrate and maintain working capital as specified below. For the purposes of this Contract, working capital is defined as current assets minus current liabilities. Throughout the terms of this Contract, the Contractor must maintain a positive working capital, subject to the following conditions:
a. If a Contractor's working capital falls below zero, the Contractor must submit a written plan to reestablish a positive working capital balance for approval by EOHHS.
b. EOHHS may take any action they deem appropriate, including termination of the Contract, if the Contractor:
1) Does not propose a plan to reestablish a positive working-capital balance within a reasonable period of time;
2) Violates a corrective plan approved by EOHHS; or
3) EOHHS determine that negative working capital cannot be corrected within a reasonable time.
Working Capital Requirements. The CONTRACTOR must demonstrate and maintain working capital as specified below. For purposes of this Agreement, working capital is defined as current assets minus current liabilities. Throughout the terms of this Agreement, the CONTRACTOR must maintain a positive working capital, subject to the following conditions:
(a) If a CONTRACTOR’s working capital falls below the industry benchmark, the CONTRACTOR must submit a written plan to reestablish a positive working capital balance for approval by HSD.
(b) HSD may take any action it deems appropriate, including termination of this Agreement, if the CONTRACTOR:
(i) does not propose a plan to reestablish a positive working- capital balance within a reasonable period of time;
(ii) violates a corrective action plan; or
(iii) HSD determines that the negative working capital cannot be corrected within a reasonable period of time.
Working Capital Requirements. Dealer shall maintain, at all times, sufficient working capital to meet or exceed the minimum net working capital standards for Dealer as determined from time to time by Distributor consistent with its standard policies. Dealer shall provide such documentation as is reasonably requested by Distributor to assure compliance with this requirement. Public Company agrees to submit an annual consolidated balance sheet for the combined dealership operations of Public Company. Public Company agrees, upon Distributor's request, to provide Distributor with copies of the materials filed by Public Company with the Securities and Exchange Commission.
Working Capital Requirements. On the Closing Date, the Stockholder shall deliver to Sub a balance sheet of the Company dated as of the most recent practicable date preceding the Closing Date, prepared in accordance with the Accounting Principles (the "Estimated Closing Date Balance Sheet"). The Estimated Closing Date Balance Sheet shall show as of the date thereof, after taking into account the payment of any of the fees, costs and expenses by the Company incurred in connection with this Agreement, consolidated net working capital equal to or greater than the consolidated net working capital of the Company as set forth on the Company Balance Sheet.
Working Capital Requirements. Section 5.22 of the Loan Agreement is hereby amended and restated to read as follows:
Working Capital Requirements. The ICO must demonstrate and maintain working capital as specified below. For the purposes of the contract, working capital is defined as current assets minus current liabilities. Throughout the terms of the contract, the ICO must maintain a positive working capital, subject to the following conditions: If an ICO’s working capital falls below zero, the ICO must immediately notify EOHHS and submit a written plan within 30 days, certified by an independent auditor, to reestablish a positive working capital balance for approval by EOHHS. EOHHS may take any action it deems appropriate, including termination of the contract, if the ICO: Fails to report a negative working capital balance that is subsequently identified through an audit; Does not propose a plan to reestablish a positive working- capital balance within a reasonable period of time as determined by EOHHS; Violates a corrective plan approved by EOHHS; or EOHHS determines that negative working capital cannot be corrected within a reasonable amount of time as determined by EOHHS.
Working Capital Requirements. Throughout the term of this Contract, the Contractor must demonstrate and maintain a positive working capital, subject to the following conditions:
a. If a Contractor's working capital falls below zero, the Contractor must submit a written plan to reestablish a positive working capital balance for approval by EOHHS.
b. EOHHS may take any action they deem appropriate, including termination of the Contract, if the Contractor:
1) Does not propose a plan to reestablish a positive working-capital balance within a reasonable period of time;
2) Violates a corrective plan approved by EOHHS; or
3) EOHHS determine that negative working capital cannot be corrected within a reasonable time.
c. Determination of Working Capital Working capital must be determined in accordance with generally accepted accounting principles (GAAP) and reported on a quarterly basis to EOHHS in accordance with Appendix D. The Contractor shall make available to EOHHS, upon the request of EOHHS at any time during the term of the Contract, documentation sufficient to enable EOHHS to verify or otherwise calculate the working capital of the Contractor.
Working Capital Requirements. Contribution and payment rules
