Net Working definition

Net Working. CAPITAL shall mean, at any time, the amount by which Current Assets exceed Current Liabilities.

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, at any time, ------------------- an amount equal to the difference between (i) the amount of Current Assets at such time, and (ii) the amount of Current Liabilities at such time.

Examples of Net Working in a sentence

• If within ten (10) days following delivery of such worksheet and supporting documentation, Purchaser does not object in writing thereto to Seller, then the Proposed Aggregate Net Working Capital Amount submitted by Seller pursuant to this Section 2.04(c) shall constitute the Final Aggregate Net Working Capital Amount.

• The Neutral Auditor, acting as an expert and not an arbitrator, shall resolve such disputed items and determine the values to be ascribed thereto, and using those values (together with other items not in dispute) determine the Final Aggregate Net Working Capital Amount as of the Closing Date only (prepared on the same basis used to prepare the Estimated Aggregate Net Working Capital Amount).

• If, within ten (10) days following delivery of such worksheet and supporting documentation, Purchaser objects in writing thereto to Seller (describing in reasonable detail the specific line items and values that are in dispute and the reasons for such dispute, and proposing alternative values with respect to such specific line items), such Proposed Aggregate Net Working Capital Amount shall be subject to the objection and resolution provisions set forth in Section 2.04(e) below.

• If within thirty (30) days following delivery of such worksheet and supporting documentation, Seller does not object in writing thereto to Purchaser, then the Proposed Aggregate Net Working Capital Amount shall constitute the actual Aggregate Net Working Capital Amount as of the Closing Date for purposes of this Agreement (the “Final Aggregate Net Working Capital Amount”).

• If, within thirty (30) days following delivery of such worksheet and supporting documentation, Seller objects in writing thereto to Purchaser (describing in reasonable detail the specific line items and values that are in dispute and the reasons for such dispute, and proposing alternative values with respect to such specific line items) such Proposed Aggregate Net Working Capital Amount shall be subject to the objection and resolution provisions set forth in Section 2.04(e) below.

More Definitions of Net Working

Net Working. Capital shall mean the net working capital determined in accordance with the Preparation Guide.

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 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.

Net Working. CAPITAL shall mean the total net working capital of the Target Group Companies on a consolidated basis calculated using information from the Target Companies' management accounts reporting system, prepared consistently with the calculations set out in Annex 5.1.

Net Working. Capital As defined in Section 2.8(b) of the Agreement. Non-Proprietary Software All computer software and programs licensed or leased from third parties including, without limitation, all existing versions, drafts and component modules of source code or object code or natural language code currently provided under license, whether recorded on paper, magnetic media or other electronic device, all existing descriptions, flow-charts and such other writings currently provided under license, including without limitation, documentation, manuals, catalogs, leaflets and training materials relating to the foregoing.

Net Working. Capital shall mean the aggregate of the current assets and current liabilities line items set forth in Annex 2.4.

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