Initial Net Working Capital definition

Initial Net Working Capital shall have the meaning set forth in Section 3.2(d).
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Initial Net Working Capital means the Net Working Capital of the Acquired Companies on the Closing Date Balance Sheet which shall in no event be less than
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Initial Net Working Capital shall have the meaning specified in Section 3.2(a).
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Examples of Initial Net Working Capital in a sentence

  • Within [30] days of the Distribution Date, Marketing shall prepare a combining balance sheet of the Marketing Group showing the Marketing Initial Net Working Capital and the Marketing Adjustment Amount.

  • If the Purchaser shall have timely delivered to ParentCo a good faith objection to the Initial Net Working Capital Adjustment, as contemplated in Section 1.11(a), such objection shall have been resolved or waived by the Purchaser in writing.

  • The Estimated Closing Balance Sheet, the Estimated Closing Net Working Capital and the Initial Net Working Capital Adjustment Amount shall be prepared consistently with the Applicable Accounting Practices, including the accounting principles, methodologies, policies and procedures used in the example calculation of Target Net Working Capital set forth on Schedule 2.7.

  • If the Initial Net Working Capital Adjustment Amount is positive, then the Closing Payment will be increased in accordance with Section 2.5(a).

  • If the Initial Net Working Capital Adjustment Amount is negative, then the Closing Payment will be decreased in accordance with Section 2.5(a).

  • The Closing Date Balance Sheet shall set forth the Closing Date Net Working Capital Value calculated in the same manner as was the Initial Net Working Capital Value.

  • The Initial Net Working Capital Calculation shall be accompanied by any supporting documentation or other materials reasonably necessary to determine such calculation or adjustment.

  • Champion and WJHC hereby agree to use the same methodology (as may be supplemented by the working papers thereto) to prepare Schedule 2.7 for purposes of the WJHC Initial Net Working Capital, including, without limitation, reserving 100% for all accounts receivable over 150 days old.

  • The Initial Net Working Capital Statement shall be prepared in accordance with the practices and methodologies applied in preparing the Example Statement of Net Working Capital and shall be based exclusively on the facts and circumstances as they existed as of 11:59 pm on the Distribution Date, provided that the effects of the AS Separation Transaction and any event, act, change in circumstances or similar development arising or occurring after the Distribution Date shall be disregarded.

  • In order that Champion and WJHC may set forth the methodology to determine WJHC's Initial Net Working Capital, attached hereto as Schedule 2.7 is a determination of WJHC's Net Working Capital based upon the September 30, 1995 Unaudited Balance Sheet of WJHC.


More Definitions of Initial Net Working Capital

Initial Net Working Capital means the Net Working Capital of the Acquired Companies on the Closing Date Balance Sheet which shall in no event be less than $26,922,306.
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Initial Net Working Capital means the value of the Current Assets set forth on the Initial Effective Date Balance Sheet, less the Current Liabilities set forth on the Initial Effective Date Balance Sheet.
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Initial Net Working Capital means $27,000,000.
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Initial Net Working Capital means $2,797,776, which is the amount equal to the difference of (x) the sum of the amounts from the Latest Balance Sheet of the following current asset accounts of the Acquired Companies: (A) cash accounts (which includes only payroll checks and accounts payable checks), (B) cash clearing (which includes only payments against accounts receivable), (C) restricted cash, (D) accounts receivable, (E) prepaid expenses, and (F) other current assets, MINUS (y) the sum of the amounts from the Latest Balance Sheet of the following current liability accounts of the Acquired Companies: (A) payroll and related liabilities, (B) accounts payable and (C) other accrued liabilities.
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Initial Net Working Capital means the Net Working Capital of the MedTech Business as of March 27, 2009 as agreed by Parties or determined by the Expert pursuant to Clause 3.7;
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Related to Initial Net Working Capital

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

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • 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.

  • 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.

  • Target Net Working Capital Amount means $0.

  • Working Capital means Current Assets less Current Liabilities.

  • 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).

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

  • Target Working Capital Amount means $0.00.

  • Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • 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.