Net Operating Working Capital definition

Net Operating Working Capital means, as of immediately prior to the Closing, (a) the current assets of the Operating Companies as of such time that are included within the Purchased Assets less Cash and Cash Equivalents of the Operating Companies, less (b) all current liabilities of the Operating Companies as of such time that are included within the Assumed Liabilities, in each case calculated in accordance with GAAP on a basis consistent with that applied in the preparation of the Financial Statements, as set forth in Exhibit G. For clarification, Net Operating Working Capital shall include the current liabilities accruals for all vacation, paid time off and bonuses accrued though the Closing Date.
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Net Operating Working Capital means, with respect to the Contributed Subsidiaries as of any particular date of measurement, the aggregate current assets of the Contributed Subsidiaries as of such date minus the aggregate non-interest bearing current liabilities (other than default interest) of the Contributed Subsidiaries as of such date. For purposes of clarity, (i) current assets shall include cash and cash equivalents, short term investments, trade and other receivables net of applicable allowances for doubtful accounts, accounts receivable due from Cargill and its Affiliates, accrued income, product and materials inventories (valued using the weighted average cost method), advances on inventory purchases, and prepaid expenses; and (ii) non-interest bearing current liabilities shall include accounts payable including accounts due to Cargill and its Affiliates, advances from customers and accrued expenses including accrued income taxes.
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Net Operating Working Capital as used herein shall be derived from the Closing Date Balance Sheet (as defined below) and shall be calculated as total current assets minus total current liabilities (excluding property tax and bonus accruals). For purposes of this calculation, any accrual for the Company's employer contribution to the Seller DC Plan (as defined in Section 9.6(a)) shall be adjusted to be equal to $135,400.
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Examples of Net Operating Working Capital in a sentence

  • Net Operating Working Capital Fluctuation DateDebtorsCreditorsNOWC4-1-2016€12.964.872€Appendix XII.

  • Since the Net Operating Working Capital is often seen as unreliable, because it is a moment in time, the Net Operating Working Capital of each month can be found in Figure 3.3. A more detailed overview of the debtors and creditors can be found in Appendix XI.Figure 3.3 Net Operating Working Capital Fluctuation As the figure shows, the Net Operating Working Capital is relatively stable over the year, except for seasonality during the summer start in June and in December during the holidays.

  • The sum of these invoices equals the Net Operating Working Capital.

  • Net Operating Working CapitalBy extracting and reviewing all outstanding debtors and creditors of Nedcargo on 31-12-2016 from Exact Financials, the Net Operating Working Capital is calculated, see Table 3.2 (Exact Holding B.V., 2017) (Groenendijk, Excel 2013, 2014) (Groenendijk, Databases & Access 2013, 2014) (Klene-Langerak, 2017) (Heezen, 2012) (R.

  • Despite the negative Net Working Capital, the Net Operating Working Capital is around €6.8 million.

  • Moreover, it is noted that the improvement of the static figure of liquidity at the end of June 2013 was due both to the start at full capacity of the Cash pooling I/C (that allows greater efficiency and effectiveness of receipts and payments both to third parties and to I/C), and to business seasonality (as shown also by the Net Operating Working Capital that, for example, shows a good performance of receipts from customers).

  • The Average Capital Employed for Airbus is defined as the average of the annual opening and closing positions of Fixed Assets plus Net Operating Working Capital plus Operating Cash less Other Provisions.

  • The Average Capital Employed for Airbus is defined as the average of the annual opening and closing positions of Fixed Assets plus Net Operating Working Capital plus operating cash less Other Provisions.Financial value is created if profits relative to Airbus’ Capital Employed exceed the Company’s cost of capital.

  • Provide the names, titles, addresses, telephone numbers, e-mail addresses and resumes for key Development Team members, including, but not limited to and to the extent known at this time: the developer, architect/designer, landscape architect, proposed general contractor (if known) and other consultant who would work with the developer on the project.

  • Buyer and its representatives shall be permitted to review the working papers related to the Estimated Closing Balance Sheet, Estimated Net Operating Working Capital and Estimated Net Operating Working Capital Adjustment.


More Definitions of Net Operating Working Capital

Net Operating Working Capital is defined in Section 3.2(b) of this Agreement.
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Related to Net Operating Working Capital

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

  • 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.

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

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

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

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

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Target Net Working Capital means $36,500,000.

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

  • Working Capital means Current Assets less Current Liabilities.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • 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.

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

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.

  • 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).

  • Consolidated Working Capital Adjustment means, for any period 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.

  • 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.

  • 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).

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

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

  • 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.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Net Working Capital Target means $0.00.

  • Target Net Working Capital Amount means $0.