Negative Working Capital Balance definition

Negative Working Capital Balance shall have the meaning set forth in Section 3.4.6.

Negative Working Capital Balance shall have the meaning specified in Section 2.8.6 of the Agreement.

Negative Working Capital Balance means the amount, if any, by which the Preliminary Working Capital Amount shall exceed the Final Working Capital Amount; (iv) "Final Working Capital Amount" shall mean an amount equal to the difference between the current assets and the current liabilities of the Business as of the Closing Date, each as set forth on the Final Closing Date Balance Sheet; (v) "Working Capital Settlement Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Final Closing Date Balance Sheet; (vi) "Final Installment Date" shall mean February 15, 2000, provided, however, that upon consummation of a Change in Control Event (as hereinafter defined) prior to February 10, 2000, the Final Installment Date shall be the fifth business day after the effective date of such Change in Control Event (but in no event later than February 15, 2000); (vii) "Final Installment Payment" shall mean an amount equal to the sum of Four Million Five Hundred Seventeen Thousand Dollars ($4,517,000.00) and the Negotiated Settlement Revenue for the Applicable Prior Period, if any; provided, however, that in the event the Final Installment Date takes place prior to February 15, 2000 due to a Change in Control Event, then the amount of Four Million Five Hundred Seventeen Thousand Dollars ($4,517,000.000) shall be reduced by an amount equal to the Discount Factor Amount (as hereinafter defined); (viii) "Negotiated Settlement Revenue" shall mean fifty percent (50%) of the fees actually received by the Business under the contracts listed on Exhibit 1.6(g)(viii)(1) hereto with respect to the claims identified on Exhibit 1.6(g)(viii)

Examples of Negative Working Capital Balance in a sentence

• Purchaser and Sellers agree to instruct the Escrow Agent in writing to disburse at the Subsequent Closing funds held under the Escrow Agreement to satisfy any Positive Working Capital Balance due Sellers and any Negative Working Capital Balance due Purchaser hereunder.

• If the Final Working Capital any of the Maple Companies, MS Colorado or MS Oregon is less than the corresponding Estimated Working Capital (the “Negative Working Capital Balance”), such Negative Working Capital Balance shall be paid to the Buyer by the Seller and the Shareholders (as a joint and several obligation) in immediately available funds plus interest at an annual rate of 6% from the Effective Date until the date of payment.

• W orking Capital.” If the Final Working Capital is less than $5,200,000 (“Negative Working Capital Balance”), such Negative Working Capital Balance shall bepaid by the Sellers to Providence in immediately available funds within three (3) Business Days of such determination.

• To the extent MS Colorado and/or MS Oregon have a Negative Working Capital Balance, Buyer shall make a corresponding working capital contribution in the amount of such Negative Working Capital Balance to MS Colorado and/or MS Oregon, as applicable.

• Purchaser and Sellers agree that to the extent the funds held under the Escrow Agreement are insufficient to satisfy any Positive Working Capital Balance due Sellers or any Negative Working Capital Balance due Purchaser, Purchaser or Sellers, as the case may be, shall deliver to the other at the Subsequent Closing by wire transfer of immediately available funds an amount equal to any such shortfall.

• If the Final Working Capital of the Company is less than the corresponding Estimated Working Capital (the “Negative Working Capital Balance”), such Negative Working Capital Balance shall be paid to the Buyer by the Seller (as a joint and several obligation) in immediately available funds to the extent no reduction had been made to the Closing Date Payment under Section 2.2.2.1 (e).

More Definitions of Negative Working Capital Balance

Negative Working Capital Balance means the amount, if any, by which the Preliminary Working Capital Amount shall exceed the Final Working Capital Amount; (iv) "Final Working Capital Amount" shall mean an amount equal to the current assets of the Sellers, less the Assumed Obligations which are reflected as liabilities of Sellers, each as set forth on the Final Closing Date Balance Sheet (as hereinafter defined); and (v) "Closing Payment" shall mean an amount equal to Twenty Four Million Two Hundred Thousand Dollars ($24,200,000.00).

Negative Working Capital Balance means the amount, if any, by which the Preliminary Working Capital Amount shall exceed the Final Working Capital Amount; (iv) "Final Working Capital Amount" shall mean an amount equal to the difference between the current assets and the current liabilities of the Business as of the Closing Date, each as set forth on the Final Closing Date Balance Sheet; (v) "Working Capital Settlement Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Final Closing Date Balance Sheet; (vi) "Gross Profits of the Business" shall mean Service Revenues Earned less the Direct Cost of Providing Services, which amount shall be calculated in accordance with GAAP consistently applied and verified by the Independent Accountants; (vii) "Initial Installment Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Independent Accountant's certificate confirming the Initial Gross Profits Amount pursuant to Section 1.6(g) hereof; (viii) "Final Installment Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Independent Accountant's certificate confirming the Final Gross Profits Amount pursuant to Section 1.6(h) hereof; (ix) "Initial Installment Payment" shall mean an amount equal to fifty percent (50%) of the Initial Gross Profits Amount; (x) "Final Installment Payment" shall mean an amount equal to fifty percent (50%) of the Final Gross Profits Amount; (xi) "Service Revenues Earned" shall mean the fees earned for provision of the following services ("Services"): bill xxxit, DRG audit, credit balance review, outpatient review, trauma review, infusion therapy audit, focus audit, consulting services and new services for which Shareholder has direct management responsibility during the term of her employment with Purchaser in accordance with the agreement attached hereto as Exhibit 5.11, net of any write-offs required due to client adjustment to billed amounts; and (xii) "Direct Cost of Providing Services" shall mean salaries, benefits and payroll taxes related to the auditors and preppers employed by Purchaser, fees paid to contract auditors or preppers in connection with Services, travel and automobile allowances for all auditors and preppers and any other cost of supplies, or copies directly relating to the provision of Services.