Net Working Capital Balance definition

Net Working Capital Balance has the meaning set forth in the Separation and Distribution Agreement.

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Net Working Capital Balance means the difference between (a) the sum of Inventories and Prepaids and other Current Assets, and (b) the sum of third-party Accounts Payable, Accrued Expenses, Accrued Sales Incentives and Documentary Acceptances, of the Business.

Net Working Capital Balance means, for any month, the sum of the Long Crude FIFO Value, the Short Crude FIFO Value, all Long Product FIFO Values and all Short Product FIFO Values, each as of the end of such month, which sum may be positive or negative.

Examples of Net Working Capital Balance in a sentence

• Within sixty (60) days of the Closing Date, RCM and the Acquiree Shareholder will cause to be prepared to their mutual satisfaction the Net Working Capital Balance Sheet.

• If the Estimated Net Working Capital Balance is less than $10 million, the amount of the Cash Distribution set forth in Section 2.13(a) shall be decreased by the amount of such Estimated Net Working Capital Balance.

• If the Estimated Net Working Capital Balance is greater than $10 million, the amount of the Cash Distribution shall be increased by the amount of such Estimated Net Working Capital Balance.

• Thereafter RCM, as agent for Acquiree, shall use best efforts to promptly and fully collect all of Acquiree's accounts receivable and other current assets as they are reflected in the Net Working Capital Balance Sheet.

• The Effective Date Balance Sheet and the Net Working Capital Balance Sheet as defined in Section 1 hereof and the financial information contained therein will present fairly the financial condition of the Acquiree for the periods covered.

• RCM shall cause to be paid to the Acquiree Shareholder as additional Purchase Consideration by wire transfer to bank accounts designated by him the amount of the accounts receivable and other current assets actually collected less Acquiree's liabilities as set forth on the Net Working Capital Balance Sheet.

• Within thirty (30) days after the Closing Date, Buyers shall deliver to Sellers an adjustment statement setting forth the Net Working Capital Balance as of 11:59 p.m. on the Closing Date (the “Preliminary Adjustment Statement”) and Buyers’ written calculation of the Purchase Price, and the adjustment necessary, if any, to reconcile the Estimated Purchase Price to the Purchase Price (the “Preliminary Post-Closing Adjustment”).

• The Purchase Price shall be increased by the amount that the Adjusted Net Working Capital Balance as of November 30, 2002 exceeds the Adjusted Net Working Capital Balance as of October 31, 2002 (being the sum of $536,461), or decreased by the amount that the Adjusted Net Working Capital Balance as of November 30, 2002 is less than the Adjusted Net Working Capital Balance as of October 31, 2002, as the case may be (the "Post-Closing Adjustment").

• The accounting cutoff for the Final Net Working Capital Balance Sheet shall be the close of business on the Closing Date.

• The Company Net Working Capital Balance shall be no more than Seventy Five Million Dollars ($75,000,000).

More Definitions of Net Working Capital Balance

Net Working Capital Balance means the sum of (a) cash and cash equivalents, accounts receivable net of allowances, prepaid assets, deposits, escrows and other such operating working capital assets as mutually deemed appropriate by the Parties (but specifically excluding fixed assets, work-in-progress asset balances, and non-cash accounts such as straight-line rents, deferred mortgage issuance costs, fair market value of rent assets and other intangible assets), less the sum of (b) accounts payable and accrued expenses, accrued real estate Taxes, deferred rental income, and other such operating working capital liabilities mutually deemed appropriate by the Parties (but specifically excluding payables for construction and tenant allowances, all debt or loan related balances to lenders and affiliates, deferred common area maintenance liabilities, fair market value of rent liabilities and other intangible liabilities).

Net Working Capital Balance shall have the meaning set forth in --------------------------- Section 2.5(b) hereof.

Net Working Capital Balance means the total amount of Business current assets less the total amount of Business current liabilities, each as defined under GAAP, as of a given date, a sample calculation of which is set forth on Exhibit A attached hereto (the “Sample Net Working Capital Balance Calculation”).

Net Working Capital Balance means the amount by which the Included Current Assets exceed the sum of the Included Current Liabilities; (2) the term “Included Current Assets” means all current assets (as defined by United States generally accepted accounting principles and practices consistently applied (“GAAP”)) of the Business, as shown on the Closing Balance Sheet and as calculated on a basis consistent with Schedule 4.7(a), other than the Excluded Assets and the amount of cash, cash equivalents, marketable securities and short term investments reflected on the Closing Balance Sheet; provided, however, that for the purposes of this Section 2.3 and regardless of the requirements of GAAP, fuel, oil and lubricant

Net Working Capital Balance means the sum of (a) cash and cash equivalents, accounts receivable net of allowances, prepaid assets, deposits, escrows and other such operating working capital assets as mutually deemed appropriate by the Parties (but specifically excluding fixed assets,

Net Working Capital Balance of the Business shall mean (i) all current assets of the Business (excluding cash and cash equivalents), less (ii) all current liabilities (excluding the current portion of interest-bearing debt), plus (iii) the aggregate purchase price, not to exceed $200,000, of all rental equipment purchased by Seller since June 30, 1997 with cash from operations in the ordinary course of business, or with debt that is a current liability assumed by Buyer pursuant to Section 1.03 hereof, to the extent that such equipment is included in the Assets. Seller agrees to give Buyer at least ten days' written notice of any purchase of rental equipment contemplated by the foregoing sentence in excess of $10,000.