Average Working Capital definition

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

Average Working Capital. Section 1.9(a) “Blue Sky Laws” Section 1.12(b) “Business Day” Section 10.2(f) “Calculation Date Working Capital” Section 1.8(a)

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.

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 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.

• 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.

• Mr. Suslavich wished good luck to the FFA students heading to Indianapolis for Nationals.

• 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 $11,569,130.

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

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, 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, 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 for a given fiscal year shall mean the result of:

Average Working Capital means $5,825,522.00 which the parties acknowledge and agree has been calculated in accordance with the definition of Working Capital for the period from July 1998 to February 1999, in accordance with SECTION 4.02 SCHEDULE (A) "Buyer's Environmental Expenditures" means all expenditures paid by Buyer which are necessary to cause the Acquired Business to be in compliance with any and all requirements of Environmental Laws as of the Closing Date, including, without limitation, all Environmental Permits issued under or pursuant to such Environmental Laws, including, without limitation, all expenditures related to all fees, disbursements and expenses of counsel, experts, personnel and consultants based on, arising out of or otherwise in respect of the operations of the Acquired Business on or prior to the Closing. Buyer's Environmental Expenditures shall not include any expenditure or Damage incurred by Buyer with respect to any Remedial Action or any Included Property or the Property as defined in the Real Estate Purchase Agreement (purchased by Buyer as part of the Assets or leased pursuant to this Agreement).