Consolidated Adjusted Working Capital means at any date the excess of (i) Consolidated Current Assets (excluding cash and Cash Equivalents classified as such in accordance with GAAP) over (ii) Consolidated Current Liabilities (excluding the current portion of any Consolidated Funded Indebtedness).
Consolidated Adjusted Working Capital means at any date the excess of (i) Consolidated Current Assets (excluding (a) deferred tax assets and (b) cash and Cash Equivalents classified as such in accordance with GAAP) over (ii) Consolidated Current Liabilities (excluding (a) deferred tax liabilities and (b) the current portion of any Consolidated Funded Indebtedness); provided however that Consolidated Adjusted Working Capital shall be calculated without giving effect to any Consolidated Current Assets or Consolidated Current Liabilities acquired or assumed in any Permitted Acquisition consummated during the applicable period to the extent financed with Indebtedness, Equity Issuances of Parent, or Reinvestment Eligible Funds.
Consolidated Adjusted Working Capital means at any date the excess of (i) Consolidated Current Assets (excluding (A) cash and Cash Equivalents classified as such in accordance with GAAP and (B) deferred taxes calculated in accordance with GAAP) over (ii) Consolidated Current Liabilities (excluding (A) the current portion of any Consolidated Funded Debt, (B) the aggregate principal amount of outstanding Revolving Loans, (C) accrued and unpaid interest on any Consolidated Funded Debt and/or Revolving Loans and (D) deferred taxes calculated in accordance with GAAP).
Examples of Consolidated Adjusted Working Capital in a sentence
As used in this CLAUSE (IV), the term "ADJUSTED CUMULATIVE DISTRIBUTABLE CASH" means, for any Reference Period, Cumulative Distributable Cash for such Reference Period as adjusted (i) by adding the decrease, if any, in Consolidated Adjusted Working Capital from the first day to the last day of such period, or (ii) by deducting the increase, if any, in Consolidated Adjusted Working Capital from the first day to the last day of such period.
Permit Consolidated Adjusted Working Capital as of the end of any fiscal quarter of Borrower to be less than $25,000,000.
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More Definitions of Consolidated Adjusted Working Capital
Consolidated Adjusted Working Capital means, with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis at any date of determination, Current Assets (other than cash and Cash Equivalents) at such date of determination minus Current Liabilities at such date of determination; provided that increases or decreases in Consolidated Adjusted Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.
Consolidated Adjusted Working Capital means the amount equal to Current Assets less Current Liabilities less any cash distributed to HEP pursuant to Section 5.1(c) after the Effective Time but before Closing.
Consolidated Adjusted Working Capital as of any date shall mean (A) the consolidated current assets of the Company and its Subsidiaries as of such date, other than the consolidated cash and cash equivalents of the Company and its Subsidiaries used to compute Consolidated Adjusted Net Debt (as described above) as of such date, less (B) the consolidated current liabilities of the Company and its Subsidiaries as of such date, other than (i) the principal amount of short-term indebtedness and the principal amount of the current portion of long-term indebtedness as of such date and (ii) dividends payable as of such date.
Consolidated Adjusted Working Capital means (a) Consolidated Working Capital plus (b) Indebtedness owed to Related Parties (to the extent included in computing Consolidated Working Capital) minus (c) Indebtedness owed from Related Parties (to the extent included in computing Consolidated Working Capital).
Consolidated Adjusted Working Capital means, as to any Person, at any time, in accordance with GAAP, consistently applied, on a consolidated basis for such Person and its Subsidiaries, the amount equal to the difference between: (a) the aggregate net book value of all assets of such Person and its Subsidiaries, calculating the book value of inventory for this purpose on a first-in-first-out basis, on a consolidated basis, which would, in accordance with GAAP, consistently applied, be classified as current assets, and (b) all Indebtedness of such Person and its Subsidiaries, on a consolidated basis, which would be classified as current liabilities and in any event including any Indebtedness hereunder consisting of the Loans and any Indebtedness payable on demand or within one (1) year from the date of determination without any option on the part of the obligor to extend or renew beyond such year and all accruals for federal or other taxes based on or measured by income and payable within such year, but not including the aggregate undrawn amount of outstanding letters of credit issued for the account of such Person.
Consolidated Adjusted Working Capital means, as of any date of determination, the difference of Consolidated Current Assets over Consolidated Current Liabilities; provided that Consolidated Adjusted Working Capital shall be calculated (a) without giving effect to changes to Consolidated Adjusted Working Capital resulting from non-cash charges and credits to Consolidated Current Assets and Consolidated Current Liabilities (including, without limitation, derivatives and deferred income tax) and (b) without duplication of any other provision of this Agreement, taking into consideration related borrowings and repayments under any Intermediation Agreement.
Consolidated Adjusted Working Capital. Consolidated Current Assets", "Consolidated Current Liabilities" and "Consolidated Working Capital" found in Section 1.01 of the Credit Agreement are hereby deleted in their entirety and replaced with the following definitions: