Net Working Capital Requirement definition

Net Working Capital Requirement means the result of: (a) Can$100,000,000 minus (b) the Net Working Capital as reported on the most recent quarterly or annual financial statements delivered (or to be delivered if a forecasted amount is being determined) under Sections 8.1(1)(a) or (b), as applicable. If this result is negative then the Net Working Capital Requirement shall be zero.
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Net Working Capital Requirement shall have the meaning set forth in Section 7.11.
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Net Working Capital Requirement means, in respect of the Existing Pine Walk Capital Group, cash resources to cover the three month period following Completion based on the Existing Pine Walk Capital Group’s net cash flows, calculated using the methodology set out in the current Existing Pine Walk Capital Group’s board reports prior to the date of this Agreement;
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Examples of Net Working Capital Requirement in a sentence

  • Seller will pay to Buyer in cash within five (5) days after written notice, the amount of such accounts receivable or portion thereof not collected as of April 30, 2002 that was included in the Net Working Capital Requirement.

  • If the Review indicates that the Net Working Capital Requirement is not met, then Seller will pay in cash to Buyer the amount necessary to equal the Net Working Capital Requirement in ten (10) days following notice thereof.

  • In addition, the amount of any accounts receivable of the Company accrued prior to December 31, 2001 and not included in determining the Net Working Capital Requirement shall be paid to Seller when collected by Buyer as additional purchase price.

  • Any accounts receivable of the Company collected by Buyer after April 30, 2002, that were fully reserved or not included in the Net Working Capital Requirement and, shall be paid to Seller by Buyer as additional Purchase Price upon collection of such accounts receivable.

  • The calculation used to determine whether a Funding Shortfall exists as at the Closing Date, shall exclude (i) any equity funding that is committed to but not yet received by the Borrower, (ii) internally generated projected cash and accounts received that have not yet been received by the Borrower and (iii) the Net Working Capital Requirement.

  • This represents a marked departure from historic trends—in PG&E’s service territory, for example, prior to 2022, the PCIA had increased every year for over a decade.

  • In the event the Audit indicates that the Net Working Capital is less than the Net Working Capital Requirement, then the Purchase Price shall be adjusted on a dollar for dollar basis, and the difference in the Net Working Capital and the Net Working Capital Requirement shall be paid by Sellers to the Buyer within ten (10) days following receipt of the Audit.

  • If the Net Working Capital Requirement as indicated by the Analysis, exceeds $500,000 as of Closing, such excess amount over $500,000 shall be paid to Sellers by Buyer in the form of additional Purchase Price in cash within ten (10) days following receipt of the Analysis.

  • If the Company’s Closing Date Net Working Capital is more than the Net Working Capital Requirement, then the Base Purchase Price shall be increased by an amount equal to the Closing Date Net Working Capital minus the Net Working Capital Requirement.

  • If the Company’s Net Working Capital as reflected in the Closing Balance Sheets (the “Closing Date Net Working Capital”) is less than the Net Working Capital Requirement, then the Base Purchase Price shall be decreased by an amount equal to the Net Working Capital Requirement minus the Closing Date Net Working Capital.


More Definitions of Net Working Capital Requirement

Net Working Capital Requirement means $0.
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Net Working Capital Requirement as defined in Section 2.5(b).
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Related to Net Working Capital Requirement

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

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

  • 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.

  • Target Net Working Capital means $0.

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

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

  • Target Working Capital means $0.

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

  • Net Working Capital Target means $0.00.

  • Solvency Capital Requirement means the Solvency Capital Requirement or the group Solvency Capital Requirement (as applicable) referred to in, or any other capital requirement (other than the Minimum Capital Requirement) howsoever described in, the Relevant Rules;

  • Capital Requirements means, as to any person, any matter, directly or indirectly, (i) regarding capital adequacy, capital ratios, capital requirements, the calculation of such person’s capital or similar matters, or (ii) affecting the amount of capital required to be obtained or maintained by such person or any person controlling such person (including any direct or indirect holding company), or the manner in which such person or any person controlling such person (including any direct or indirect holding company), allocates capital to any of its contingent liabilities (including letters of credit), advances, acceptances, commitments, assets or liabilities.

  • 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).

  • 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.

  • 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.

  • 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.

  • Working Capital Reserve means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

  • 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).

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

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Working Capital Advance has the meaning specified in Section 2.01(a).

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

  • Regulatory Capital Requirements means any applicable capital resources requirement or applicable overall financial adequacy rule required by the Relevant Regulator, as such requirements or rule are in force from time to time;

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

  • Net Capital Expenditures means for any period the amount by which Capital Expenditures during such period exceeds reimbursements for such items during such period from any fund established pursuant to the Loan Documents.

  • 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.