Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.
Working Capital Escrow Amount means $500,000.
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Closing Date Net Working Capital has the meaning specified in Section 3.4(a).
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.
Capital Expenditure Reserve means, on an annual basis, an amount equal to $0.15 per square foot for each property owned by a Borrower or the Parent (or a Subsidiary thereof).
Target Working Capital Amount means $162,000,000.
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.
Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.
Approved Capital Expenditures means Capital Expenditures incurred by Borrower and either (i) included in the Approved Annual Budget or (ii) approved by Lender, which approval shall not be unreasonably withheld or delayed.
Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.
Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2
Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.
Target Working Capital has the meaning set forth in Section 2.06(a)(ii).
Unfinanced Capital Expenditures means, with respect to any Person and for any period, Capital Expenditures made by such Person during such period and not financed from any Net Cash Proceeds or Revolving Loans.
Target Net Working Capital Amount means $0.
Closing Cash Amount shall have the meaning set forth in Section 2.8(b).
Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).
Expansion Capital Expenditures means cash expenditures for Acquisitions or Capital Improvements. Expansion Capital Expenditures shall include interest (including periodic net payments under related interest rate swap agreements) and related fees paid during the Construction Period on Construction Debt. Where cash expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each.
Working Capital Amount shall have the meaning specified in Section 3.4(e).
Closing Cash means the aggregate amount of Cash of the Company as of the Effective Time.