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
Permit Consolidated Adjusted Working Capital as of the end of any fiscal quarter of Borrower to be less than $25,000,000.
FINANCIAL DAT ADec/21Mar/21*Ratios related to December/2021 and March/2021 Consolidated Adjusted Working Capital, which excludes the effects of CPC 06 (R2), was 2.13x in December 2021, 17% lower than the position in March/21, mainly reflecting the increase in suppliers and the payment of short-term debentures and of dividends in the period.
WCI Steel and its Subsidiaries shall, at all times, maintain a Consolidated Adjusted Working Capital of not less than $0 on the date hereof and at all times thereafter.
Minimum Consolidated Adjusted Working Capital Ratio............................................67 9.12.
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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 set forth in Section 1.01 of the Credit Agreement is hereby amended by inserting the phrase “and/or Credit-Linked LC Loans” immediately following the phrase “Revolving Loans” in each of clauses (ii)(B) and (ii)(C) thereof.
Consolidated Adjusted Working Capital means at any date the excess ------------------------------------- of
Consolidated Adjusted Working Capital means the sum of: the cash, securities and other cash equivalents, natural gas and natural gas liquids inventories (excluding cushion gas), prepaid expenses and other current assets of KN Processing, AOG, Palo Duro and MidCon Gas Products (collectively, the "Stock Entities") as at the Closing Date, less the sum of all current liabilities of the Stock Entities as at the Closing Date and exclusive of any intercompany accounts all as calculated in accordance with generally accepted accounting principles ("GAAP"). Consolidated Adjusted Working Capital shall include (i) the accounts set forth on Schedule 1.3, (ii) the volumes listed on Schedule 1.3(a)(vi)(ii) for the twelve months subsequent to the Effective Date as listed on Schedule 1.3(a)(vi)(ii) with respect to Big Springs and Springdale, which values shall be priced based on the settlement price as of the day prior to the Closing Date as quoted on the New York Mercantile Exchange for futures contracts for natural gas for each applicable month period less the applicable basis differential to get to the ANR Pipeline Company, Oklahoma region, equivalent, (iii) all gas imbalances of the Stock Entities and the Subsidiaries, and (iv) all natural gas and natural gas liquids inventories and imbalances related to the KN Gas Assets. Consolidated Adjusted Working Capital shall not include (i) any account receivables that are outstanding more than 90 days from the date of the original invoice and in no case should invoices dated prior to January 1, 2000 be included, (ii) any liabilities relating to the Bushton Lease payment schedule; provided, however, that if the Closing occurs after March 31, 2000, an accrual of $1,950,000 per month commencing April 1, 2000, or the pro rata portion thereof per day for any partial month prior to Closing, shall be included in current liabilities for purposes of the determination of Consolidated Adjusted Working Capital, or (iii) long-term debt due within one year, sinking fund requirements on preferred stock, notes payable - bank, accrued interest, accrued federal income taxes, accrued state income taxes and associated companies accounts receivable.
Consolidated Adjusted Working Capital means at any date the excess of (i) Consolidated Current Assets (excluding