Company Net Working Capital Shortfall definition

Company Net Working Capital Shortfall means, if the Company Net Working Capital as of the Closing Date is less than $4,000,000 (the “Net Working Capital Target”), the Net Working Capital Target minus the Company Net Working Capital.
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Company Net Working Capital Shortfall means the amount, if any, by which the Target Net Working Capital exceeds the Company Net Working Capital.
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Company Net Working Capital Shortfall means the amount, if any, by which the Minimum Working Capital exceeds the actual Company Net Working Capital (as finally determined in accordance with Section 1.14). If the actual Company Net Working Capital equals or exceeds the Minimum Working Capital, there shall be no Company Net Working Capital Shortfall (i.e., in such case, the Company Net Working Capital Shortfall shall be $0.00).
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Examples of Company Net Working Capital Shortfall in a sentence

  • The Reviewing Accountant’s calculation of the Company Closing Debt, 15 Company Net Working Capital Surplus (if any) and Company Net Working Capital Shortfall (if any) shall be, with respect to any specific discrepancy or disagreement, no greater than the higher amount calculated by Parent or the Representative, as the case may be, and no lower than the lower amount calculated by Parent or the Representative, as the case may be.

  • In the event that the Reviewing Accountant determines that there is a Company Net Working Capital Surplus or a Company Net Working Capital Shortfall, the parties shall promptly deliver or surrender the appropriate number of Base Shares in accordance with the Reviewing Accountant’s determination and Section 1.13(b) above.

  • The Reviewing Accountant’s calculation of the Company Closing Debt, Company Net Working Capital Surplus (if any) and Company Net Working Capital Shortfall (if any) shall be, with respect to any specific discrepancy or disagreement, no greater than the higher amount calculated by Parent or the Representative, as the case may be, and no lower than the lower amount calculated by Parent or the Representative, as the case may be.

  • After review of the calculation of such Company Net Working Capital Shortfall and the Company’s books and records, the Reviewing Accountant shall promptly determine the Company Net Working Capital as at the Closing Date and such determination shall be final and binding on the parties and, if required pursuant to the determination of the Reviewing Accountant, Sellers will promptly surrender the appropriate number of Initial Shares as determined in accordance with Section 1.5(a) above.

  • In no event shall Seller be required to indemnify Buyer for Damages that, in aggregate, are in excess of an amount equal to US$136,000,000 minus the Company Net Working Capital Shortfall, except in the case of any matters listed in Section 12.2(a)(ix), for which Seller shall be liable for the full amount of any Damages resulting therefrom without limitation.

  • For avoidance of doubt, the immediately preceding sentence shall not apply to any claim made by Parent in accordance with (i) Section 2.08(e) relating to a Company Net Working Capital Shortfall, a Company Transaction Expenses Excess or a Company Debt Excess and (ii) Section 9.02(a)(iii).

  • After review of the calculation of such Claimed Company Net Working Capital Shortfall and the Company’s books and records, the Reviewing Accountant shall promptly determine the Company Net Working Capital and such determination shall be final and binding on the parties.


More Definitions of Company Net Working Capital Shortfall

Company Net Working Capital Shortfall means the amount, if any, by which the Company Net Working Capital Target exceeds the Closing Net Working Capital as set forth in the Company Closing Financial Certificate.
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Company Net Working Capital Shortfall means the excess (if any) of US$17,090,000.00 over the Company Net Working Capital.
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Related to Company Net Working Capital Shortfall

  • Working Capital Shortfall means the amount, if any, by which Working Capital is less than the Working Capital Target.

  • Target Net Working Capital Amount means $5,000,000.

  • Target Working Capital Amount means $75,000,000.

  • Target Net Working Capital means $0.

  • Net Working Capital Target means $0.00.

  • Target Working Capital means $0.

  • 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.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series in Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Cumulative Series Principal Shortfall means the sum of the Series Principal Shortfalls (as such term is defined in each of the related Series Supplements) for each Series in Group One.

  • Principal Shortfalls shall have the meaning specified in Section 4.04.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Unfunded Capital Expenditures means capital expenditures made from the Borrower’s funds other than funds borrowed as term debt to finance such capital expenditures.

  • Unfunded Exposure Shortfall has the meaning set forth in Section 8.1(a).

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).