Maximum Working Capital definition

Maximum Working Capital. Section 3.1(c) “Merger I” Recitals “Merger II” Recitals “Merger Subs” Recitals
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Maximum Working Capital means (i) $1.5 million in the event the Effective Time of Merger I occurs on or prior to the 60th day following the date of this Agreement, (ii) $750,000 in the event the Effective Time of Merger I occurs after the 60th day and on or prior to the 90th day following the date of this Agreement, and (iii) $250,000 in the event the Effective Time of Merger I occurs after the 90th day and on or prior to the 120th day following the date of this Agreement. “Final Working Capital” means Closing Working Capital as shown in Parent’s calculation delivered pursuant to Section 3.1(a), if no Working Capital Dispute Notice is duly delivered pursuant to Section 3.1(b); or if a Working Capital Dispute Notice is duly delivered, as finally determined pursuant to Section 3.1(b); provided that, in no event shall Final Working Capital be less than Parent’s calculation of Closing Working Capital set forth in the Closing Balance Sheet delivered pursuant to Section 3.1(a) or more than the Shareholders’ Agents’ calculation of Closing Working Capital set forth in the Working Capital Dispute Notice delivered pursuant to Section 3.1(b).
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Maximum Working Capital means $75,000,000, (D) “Minimum Working Capital” shall mean $65,000,000, (E) “Cash Amount” shall mean an amount, in United States dollars, equal
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Examples of Maximum Working Capital in a sentence

  • The amount applied, by pupil, must be an amount equal to or less than the "Maximum Working Capital Fund" but not less than zero.

  • Advance Cap shall increase in an amount equal to 100% of the increase in Commitments in excess $192,500,000; provided that, in no event shall the Maximum Working Capital Advance Cap exceed $250,000,000.

  • If the Estimated Net Working Capital is less than or equal to the Maximum Working Capital but greater than or equal to the Minimum Working Capital, the cash consideration to be paid by Parent at Closing shall not be adjusted pursuant to this Section 3.4(a)(ii).

  • At no time shall the unpaid principal balance of the Working Capital Loan exceed the Maximum Working Capital Loan Amount.

  • For the avoidance of doubt, in the event the Estimated Working Capital is equal to or greater than the Target Minimum Working Capital and is equal to or less than the Target Maximum Working Capital, then no adjustment shall be made to the cash portion of the Merger Consideration pursuant to this Section 2(h).

  • The Minimum Working Capital Requirement and the Maximum Working Capital Requirement shall be so adjusted as shall be mutually agreed to by the Shareholders and the Purchaser.

  • Borrower will use (or will loan such proceeds to its Companies to so use) all proceeds of Borrowings for one or more of the following: (a) to finance the Permitted Acquisitions; and (b) to finance Capital Expenditures, for working capital and for general corporate purposes up to the Maximum Working Capital Commitment.

  • In the event that the Final Working Capital is greater than $29,500,000 (the "Maximum Working Capital"), the Pro Forma Purchase Price shall be increased by, and the Surviving Corporation shall pay to the Shareholders, an amount equal to the difference between the Final Working Capital and the Maximum Working Capital.

  • Following such determination, for all purposes under this Agreement, the Target Minimum Working Capital shall be equal to the amount set forth in the definition thereof multiplied by the Working Capital Ratio, and the Target Maximum Working Capital shall be equal to the amount set forth in the definition thereof multiplied by the Working Capital Ratio.

  • Contemporaneously with the execution of this Amendment, Borrower shall deliver to each Lender an Amended and Restated Working Capital Line Note in the face amount equal to such Lender’s Pro Rata Line Percentage of the Maximum Working Capital Line Amount.


More Definitions of Maximum Working Capital

Maximum Working Capital means an amount equal to $640,000,000.00 (six hundred forty million Pesos 00/100).
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Maximum Working Capital means $79,800,000.
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Maximum Working Capital means an amount equal to $640,000,000.00 (six hundred forty million Pesos 00/100). “Memorandum of Understanding” is defined in Section 4.2.
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Related to Maximum Working Capital

  • Base Working Capital means $25,000,000.

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

  • 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).

  • Final Working Capital has the meaning set forth in Section 2.04(b).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Target Working Capital means $0.

  • 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.

  • Target Net Working Capital means $0.

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

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

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

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

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

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in 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.

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

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • 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.

  • 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.

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

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

  • 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.

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