Average Working Capital definition

Average Working Capital shall have the meaning set forth in Section 3.5(g).

Average Working Capital shall have the meaning set forth in SECTION 3.5(G).

Average Working Capital for a given fiscal year shall mean the result of:

Examples of Average Working Capital in a sentence

• Buyer may dispute items reflected in the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital only on the basis that such amounts were not arrived at in conformity with GAAP.

• If Buyer so notifies Seller of its objection to the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital, Buyer and Seller shall, within 30 days (or such longer period as the parties may agree) following such notice (the "Resolution Period"), attempt to resolve their differences and any resolution by them as to any disputed amounts shall be final, binding and conclusive.

• If following resolution of any disputed amounts there do not remain in dispute amounts the aggregate net effect of which exceeds $2.5 million, then all amounts remaining in dispute shall be deemed to have been resolved in favor of the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital delivered by Seller to Buyer.

• Unless Buyer delivers written notice to Seller on or prior to the 20th day after Buyer's receipt of the Closing Date Financial Data specifying in reasonable detail the amount, nature and basis of all disputed items, Buyer shall be deemed to have accepted and agreed to the calculation of Closing Working Capital, Closing Cash and 1998 Average Working Capital.

• If Purchaser objects to such balance sheet, the parties shall negotiate in good faith to resolve such objections and agree upon the Average Working Capital prior to the Closing.

More Definitions of Average Working Capital

Average Working Capital means $1,572,207, based on the average Working Capital of the Business for the twelve (12) months ended July 31, 2006 after taking into account (x) the value as of the applicable periods of the current assets of the Business included in the Acquired Assets, minus (y) the value as of the applicable periods of the current liabilities of the Business and included in the Assumed Liabilities. “Working Capital” means accounts receivable (net of the reserve on the applicable Business Financial Statements), plus inventory (net of the reserve on the Financial Statements and on a specific identification method basis), plus prepaid expenses, minus accounts payable, accrued payroll and commissions (but excluding an accrual for twelve-twelfths (12/12) of the earned bonuses of the Hired Employees through September 23, 2006 and any participation agreement listed in Schedule 3.7(a) of the Xxx Disclosure Schedules), accrued payroll taxes, unearned income and accrued expenses.

Average Working Capital means ($499,195.00) in Net Working Capital calculated in the manner and methodology agreed to by Buyer and Seller as set forth on Schedule 2.5.2. “Target Working Capital Range” means a range between and including (i) an amount equal to the Average Working Capital less $300,000.00 (the “Working Capital Floor”) and (ii) an amount equal to the Average Working Capital plus $300,000.00 (the “Working Capital Ceiling”). The “Estimated Working Capital Adjustment” shall be a dollar amount calculated as follows:

Average Working Capital means the average Working Capital of Acquired Entity for a consecutive ten (10) business day period ending at 5;00 p.m. on the day prior to the Closing Date.

Average Working Capital means, with respect to any fiscal year, the sum of (i) the average of inventory (net of reserves) of the Company on the last day of each of the thirteen (13) consecutive months ending with the last month of the Company's fiscal year; and (ii) the average of accounts receivable (net of reserves) of the Company on the last day of each of the thirteen (13) consecutive month ending with the last month of the Company's fiscal year. With respect to any other period, "Average Working Capital" means the sum of (i) the average of inventory (net of reserves) of the Company on the last day of each of the months during such period and on the last day of the month immediately preceding the first day of such period; and (ii) the average of accounts receivable (net of reserves) of the Company on the last day of each of the months during such period and on the last day of the month immediately preceding the first day of such period.

Average Working Capital means the sum of (i) the average of inventory (net of reserves) of the Company on the last day of each of the months during such period and on the last day of the month immediately preceding the first day of such period; and (ii) the average of accounts receivable (net of reserves) of the Company on the last day of each of the months during such period and on the last day of the month immediately preceding the first day of such period.

Average Working Capital means, with respect to any specified entity, a 12 month average of customer receivables plus LIFO inventory less accounts payable, divided by revenue, of such specified entity and its subsidiaries for the entire 12 month period, determined on a consolidated basis, in accordance with GAAP and subject to historical internal reporting standards. Calculation of Average Working Capital % shall exclude the impacts of fresh start accounting.

Average Working Capital means the average as of each month end over the trailing 12 month period ending on the last day of the calendar month immediately preceding the Closing Date of the number obtained by subtracting (a) the sum of the current liabilities of the Business in the categories set forth on Appendix E, from (b) the sum of the current assets of the Business in the categories set forth on Appendix E.