Net Working. CAPITAL shall mean, at any time, the amount by which Current Assets exceed Current Liabilities (determined by including the full amount outstanding under the Revolving Loan).
Net Working. Capital shall mean, on any date of calculation thereof, the remainder of (a) the aggregate amount of Eligible Accounts and Eligible Inventory (valued, in each case, at the lower of cost or fair market value on a first-in first-out basis) as determined in accordance with GAAP consistently applied, minus (b) the Consolidated current liabilities of all Credit Parties determined on such date in accordance with GAAP. Non-Excluded Taxes shall have the meaning specified in Section 10.17(a) hereof Non-U.S. Lender shall have the meaning specified in Section 10.17(d) hereof Obligations shall mean, without duplication, all obligations, liabilities and Indebtedness of the Borrower and the Guarantors with respect to the Security Documents and all other Loan Documents, including without limitation, (i) the principal of and interest on the Term Loans and (ii) the payment or performance of all other obligations, liabilities and Indebtedness of the Borrower or the Guarantors to the Agent and the Lenders hereunder, under the Term Notes, or under any one or more of the other Loan Documents, including all fees, costs, expenses and indemnity obligations hereunder and thereunder. The Obligations include interest (including post-petition interest, whether or not such interest would be an allowable claim under any applicable bankruptcy or other similar proceeding) and other obligations accruing or arising after (a) commencement of any case under any bankruptcy or similar laws by or against the Borrower or any Guarantor or (b) the personal liability of the Borrower or any Guarantor for the Obligations shall be discharged or otherwise cease to exist by operation of law or for any other reason.
Net Working. Capital shall mean (a) the aggregate of all (i) accounts receivable, and (ii) any other current assets, including inventory, work in progress and goods under production, less (b) the aggregate of (i) all accounts payable, (ii) other short term non interest bearing liabilities, (iii) actual reserves for bad debt allowances, inventories, work in progress, prepaid items and other current assets; all items to the extent not including the Cash or Debt, an example calculation of which as at 30 September 2011 has been included in Schedule 1. Person shall mean any individual, corporation, partnership, firm, joint venture, association, joint stock company, trust, unincorporated organisation, Governmental Entity or other entity. Petrobras shall mean Petróleo Brasileiro S.A, including its Affiliates. Piranema Agreements shall mean the Charter Contract and service agreement entered into with Petrobras in respect of the FPSO Sevan Piranema, and any other material agreements entered into by Company or any of its Affiliates in respect of the current operations of the FPSO Sevan Piranema. Piranema Bond shall mean the USD 270 million senior secured callable bond loan 2007/2013, issued by the Seller, secured inter alia by a first priority mortgage over the FPSO Sevan Piranema. Piranema Cost Contribution shall mean the Piranema Cost Contribution calculated in accordance with section 3 of the Term Sheet. Purchase Price shall mean USD 165 million, which is the sum of the Share Consideration and the Debt Consideration. Remaining Debt shall mean a loan from Seller to the Company with an outstanding total balance including any accrued but unpaid interest and any other unpaid charges, immediately before Closing of USD 164,990,000. Seller’s Group shall mean Sevan Marine ASA and its Affiliates, excluding the Company and the Subsidiary. Seller’s Knowledge shall mean the actual knowledge each of Xxxx Xxxxxxx, Xxxxx XxXxxx (however without personal liability or any recourse for the Buyer, Teekay or any Affiliate thereof against AlixPartners), Lars Ødeskaug, Xxxxx Xxxxxxx and Xxxxx Xxxxxxx (limited to knowledge up to the time Xxxxxxx left Sevan), and the directors of Seller and the Company, had at the Signing Date and the Closing Date.
Examples of Net Working in a sentence
NET WORKING CAPITAL:In a narrow sense, the term working capital refers to the net working capital.
H.R. 5236 does just that by requiring more training and clarifying lending protocols.
NOK million NET WORKING CAPITAL Group NOK million EQUITY RATIO Group Per cent Operations Organisation The Kitron workforce corresponded to 1 749 full-time employees (FTE) on 31 December 2021.
The statements have been prepared in accordance with the following:• The financial arrangements of Part 7 of the British-Irish Agreement establishing Implementation Bodies • The format directed and approved by the Department of Health and Children and the Department of Health, Social Services and Public Safety, as provided for in the Board’s Financial Memorandum • The Annual Report and Accounts Guidance provided by the Department of Finance and Personnel and the Department of Finance.
GOVERNANCE OF FIFTH-GENERATION WIRELESS NET- WORKING IN THE DEPARTMENT OF DEFENSE.
More Definitions of Net Working
Net Working. Capital As used herein, "Net Working Capital" shall be determined in the same manner as the parties calculated the Target as of the close of business on the day immediately prior to the Closing Date. Schedule 2.3 sets forth the calculation of Net Working Capital used by the parties to negotiate the Target and all calculations of Net Working Capital pursuant to this Agreement shall be made in the same manner as Schedule 2.3. Current assets shall only be included in the calculation of Net Working Capital to the extent the MW Companies continue to retain the benefit thereof immediately after closing (it being understood and agreed that prepaid items directly related to the officers' and directors' insurance will not be governed by this sentence). Any current assets and current liabilities attributable to the incurrence of expenses directly related to the transactions contemplated by this Agreement and any tax effect thereof (including, without limitation, cancellation of the Options and payment of Funded Indebtedness) shall not be considered in calculating Net Working Capital.
Net Working. Capital Calculation” Section 2.3.1(ii) “Net Working Capital Disputed Items” Section 2.3.1(iv) “Objection Notice” Section 2.3.1(iii) “Parties” Introduction
Net Working. Capital" shall mean Total Current Assets (consisting of cash, accounts receivable (less allowance for doubtful accounts), inventory (less obsolescence and excess reserve), prepaid expenses/other current assets, refundable income taxes and deferred income
Net Working. Capital shall mean, on any date of calculation thereof, the remainder of (a) the aggregate amount of Eligible Accounts and Eligible Inventory (valued, in each case, at the lower of cost or fair market value on a first-in first-out basis) as determined in accordance with GAAP consistently applied, minus (b) the Consolidated current liabilities of all Credit Parties determined on such date in accordance with GAAP.
Net Working. Capital" shall mean the difference between the Company's current assets and ------- current liabilities, excluding, however, the Outstanding Parent Loan Balance and the interest due thereon.
Net Working. Capital shall mean the net working capital determined in accordance with the Preparation Guide.
Net Working. Capital shall mean the aggregate of the current assets and current liabilities line items set forth in Annex 2.4.