Net Working Capital Position definition

Net Working Capital Position means sufficient cash and cash equivalents to meet the Net Working Capital Requirement;
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Net Working Capital Position means, in respect of the Company and as of Closing, cash (which includes cash, cash equivalents and short-term instruments) plus trade and other receivables (which includes accounts receivable and accounts receivable tax) and any other current assets (including prepaid expenses), less short-term accruals, short-term debts, trade payables (including accounts payable, accounts payable tax (including corporate income tax), and accrued liabilities) and any other short-term liabilities, but excluding any amounts included in the calculation of Indebtedness or as Transaction Expenses, in each case calculated pursuant to the Accounting Principles.
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Net Working Capital Position means the Current Assets less the Current Liabilities;
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Examples of Net Working Capital Position in a sentence

  • AOLA hereby represents and warrants to TW that (i) it has the requisite corporate power and authority to execute and deliver this Consent Letter and that this Consent Letter shall constitute a valid and enforceable obligation against it, and (ii) Exhibit A hereto sets forth the Net Working Capital Position of AOL Mexico or, after giving effect to the Reorganization, New AOL Mexico, as of the last day of each calendar quarter of 2004 and as of January 31, 2005.

  • If the Reference Amount is greater than the Interim Net Working Capital Position then the amount of the Interim Price Adjustment shall be deducted from the amount specified in subsection 2.3(a)(i).

  • Except as set forth in the Management Accounts or included in the calculation of the Net Working Capital Position, as of the Closing the Companies have no Indebtedness.

  • If the Reference Amount is less than the Interim Net Working Capital Position then the amount of the Interim Price Adjustment shall be added to the amount specified in subsection 2.3(a)(i).

  • The Closing Date Working Capital Statement shall set forth the Closing Date Current Assets and the Closing Date Current Liabilities and the net working capital position of the Business as of the Closing Date (the "Closing Date Net Working Capital Position"), which shall mean the difference between the Closing Date Current Assets and the Closing Date Current Liabilities.

  • Alberta Gaming and Liquor Commission requires all casinos to maintain a Minimum Continuing Net Working Capital Position (“MCNWCP”).

  • Any accounts receivable not included in the calculation of the Closing Date Net Working Capital Position shall not be sold to Buyer hereunder and shall be retained by Sellers as an Excluded Asset unless Buyer elects to include any such account receivable in such calculation.

  • The Vendors, not later than two Business Days prior to the Closing Date, shall provide to the Purchaser a statement setting forth the difference between the Reference Amount and the Interim Net Working Capital Position (the “Interim Price Adjustment”).


More Definitions of Net Working Capital Position

Net Working Capital Position means (i) the current assets of AOL Mexico (or any time following the Reorganization, New AOL Mexico) at the time of determination, determined in accordance with generally accepted accounting principles in the United States (“GAAP”), but excluding, to the extent otherwise included therein, the value of any net operating losses of AOL Mexico which are to remain at AOL Mexico after giving effect to the Reorganization, any proceeds remaining in the Sale Proceeds Account (as defined below), and any intercompany accounts receivable from AOLA or any of its affiliates, less (ii) the current liabilities of AOL Mexico (or at any time following the Reorganization, New AOL Mexico) at such time, determined in accordance with GAAP, but excluding, to the extent otherwise included therein, any indebtedness or accrued and unpaid interest in respect of the Notes and intercompany accounts payable to AOLA or any of its affiliates. Notwithstanding the foregoing, Sale Costs incurred after January 31, 2005 shall be excluded for purposes of establishing the Net Working Capital Position to the extent otherwise impacting the calculation thereof.
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Related to Net Working Capital Position

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

  • Net Working Capital Target means $0.00.

  • 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.

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

  • 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).

  • Target Net Working Capital Amount means $5,000,000.

  • Target Working Capital means $0.

  • Target Net Working Capital means $0.

  • Consolidated Working Capital means, as at any date of determination, the excess of Current Assets over Current Liabilities.

  • Target Working Capital Amount means $75,000,000.

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

  • Consolidated Working Capital Adjustment means, for any period of determination 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 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.

  • Working Capital Target means $0.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing 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.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Final Working Capital has the meaning set forth in Section 2.04(b).

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

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