Determination Date Working Capital means the consolidated Working Capital of the Company and the Company Subsidiaries as of the Determination Date.

Determination Date Working Capital has the meaning set forth in Section 1.6.

Determination Date Working Capital of X-X shall mean (x) 85% of cash actually collected from customers during the period from, but not including, the Closing Date to, and including, the Audit Date that relates to product shipments that occurred on or prior to the Closing Date, including all post-Closing "even exchanges" for products so shipped other than for domestic molded lens products shipped on or prior to the Closing Date and manufactured prior to Revision -3 (with respect to each customer, in the absence of a bona fide dispute in respect of a receivable, cash being allocated first to the earliest dated invoice), plus (y) 50% of total inventories, saleable or otherwise usable (e.g., samples) and in each case free of manufacturing defects, as reflected on the Unaudited Special Purpose Closing Date Balance Sheet, the quantity of which shall be determined by 100% physical count as of the Closing Date and the value of which shall be determined based on X-X's 1995 standard costs but, with respect to the conventional lens finished goods inventory, the valuation will be reduced by the amount shown on Report - MPS 310R, Master Production Scheduling System Excess Inventory Valuation Report dated as of the Closing Date and further reduced by any excess inventory reports prepared by the Non-U.S. Subsidiaries but in no event shall the conventional lens finished goods inventory exceed the value arrived at under generally accepted accounting principles and, with respect to the molded lens finished goods inventory, that valuation will be limited to the Revision 3 inventory plus the Revision 2(b) inventory to the extent sold after the Closing and on or prior to the Audit Date at a value of $1.08 per lens, minus (z) 100% of current liabilities of X-X as of the Closing Date as reflected on the Unaudited Special Purpose Closing Date Balance Sheet (all obligations and liabilities for borrowed money shall be deemed to be current liabilities for purposes of this clause (z)).

Examples of Determination Date Working Capital in a sentence

If the request or additional documentation or evidence (described in Section D.1.b below) is included with the prescription, the pharmacy will send the case to the MCO to process the request for exception.
On August 31, 2002 (the "WC Determination Date"), Working Capital shall be no less than $1,900,000.
No later than seven (7) Business Days prior to the Closing, the Company shall deliver the Determination Date Balance Sheet, proposed calculations of the Working Capital Target, the Determination Date Working Capital and the Working Capital Adjustment proposed to be attached to the Company Closing Certificate.
If Purchaser does not agree with the proposed calculations of the Determination Date Balance Sheet, Working Capital Target, the Determination Date Working Capital or the Working Capital Adjustment by the Company, or has unsatisfied inquires regarding the foregoing, Purchaser and the Company shall each use all commercially reasonable efforts to cooperate and resolve such disagreements and questions within the next three (3) Business Days.
No later than May 14, 2010, the Company shall deliver the Determination Date Balance Sheet, proposed calculations of the Working Capital Target, the Determination Date Working Capital and the Working Capital Adjustment proposed to be attached to the Company Closing Certificate for review and approval by Purchaser, which shall be concluded within three (3) Business Days after delivery by the Company.
Paul holds an MA in Modern History from New College, Oxford University and is a Fellow of the Chartered Association of Certified Accountants.

Related to Determination Date Working Capital

Closing Date Working Capital has the meaning specified in Section 2.3(b).
Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).
Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).
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.
Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.
Base Working Capital means $25,000,000.
Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.
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.
Consolidated Working Capital Adjustment means, for any period of determination 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.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Net Working Capital Target means $0.00.
Final Working Capital has the meaning set forth in Section 2.04(b).
Working Capital Adjustment has the meaning set forth in Section 2.5(a).
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.
Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;
Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.
Target Net Working Capital Amount means $5,000,000.
Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Actual Working Capital has the meaning set forth in Section 2.7(a).
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Working Capital Target means $0.
Estimated Working Capital has the meaning set forth in Section 2.3(a).
Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.
Target Working Capital Amount means $75,000,000.
Target Net Working Capital means $0.
Estimated Net Working Capital has the meaning set forth in Section 2.3(a).

Determination Date Working Capital definition

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Related to Determination Date Working Capital