Positive Working Capital Balance shall have the meaning set forth in Section 3.4.6.

Positive Working Capital Balance means the amount, if any, by which the Final Working Capital Amount (as hereinafter defined) shall exceed the Preliminary Working Capital Amount; (iii) "Negative Working Capital Balance" shall mean the amount, if any, by which the Preliminary Working Capital Amount shall exceed the Final Working Capital Amount; (iv) "Final Working Capital Amount" shall mean an amount equal to the difference between the current assets and the current liabilities of the Business as of the Closing Date, each as set forth on the Final Closing Date Balance Sheet; (v) "Working Capital Settlement Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Final Closing Date Balance Sheet; (vi) "Gross Profits of the Business" shall mean Service Revenues Earned less the Direct Cost of Providing Services, which amount shall be calculated in accordance with GAAP consistently applied and verified by the Independent Accountants; (vii) "Initial Installment Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Independent Accountant's certificate confirming the Initial Gross Profits Amount pursuant to Section 1.6(g) hereof; (viii) "Final Installment Date" shall mean the fifth (5th) business day following the date of receipt by Purchaser and Seller of the Independent Accountant's certificate confirming the Final Gross Profits Amount pursuant to Section 1.6(h) hereof; (ix) "Initial Installment Payment" shall mean an amount equal to fifty percent (50%) of the Initial Gross Profits Amount; (x) "Final Installment Payment" shall mean an amount equal to fifty percent (50%) of the Final Gross Profits Amount; (xi) "Service Revenues Earned" shall mean the fees earned for provision of the following services ("Services"): bill xxxit, DRG audit, credit balance review, outpatient review, trauma review, infusion therapy audit, focus audit, consulting services and new services for which Shareholder has direct management responsibility during the term of her employment with Purchaser in accordance with the agreement attached hereto as Exhibit 5.11, net of any write-offs required due to client adjustment to billed amounts; and (xii) "Direct Cost of Providing Services" shall mean salaries, benefits and payroll taxes related to the auditors and preppers employed by Purchaser, fees paid to contract auditors or preppers in connection with Services, travel and automobile allowances for all auditors and preppers ...

Examples of Positive Working Capital Balance in a sentence

Frucht DM, Fukao T, Bogdan C, Schindler H, O’Shea JJ, Koyasu S (2001) IFN- gamma production by antigen-presentingcells: mechanisms emerge.

More Definitions of Positive Working Capital Balance

Positive Working Capital Balance such Positive Working Capital Balance, shall be paid to Seller from collections of the Company’s Accounts Receivable shown on Schedule 2.2.3 within thirty (30) days of collection to the extent such Accounts Receivable are collected in the 180 day period following Closing. Buyer shall use commercially reasonable efforts to collect such Accounts Receivable.

Positive Working Capital Balance. The extent to which the Final Closing Net Assets is greater than the Estimated Closing Date Net Assets shall be referred to herein as a "Positive Net Assets Balance".

Positive Working Capital Balance shall have the meaning specified in Section 2.9.6 of the Agreement.

Related to Positive Working Capital Balance

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 Working Capital Amount means $162,000,000.
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.
Target Net Working Capital Amount means $0.
Working Capital Amount shall have the meaning specified in Section 3.4(e).
Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.
Net Working Capital Target means $0.00.
Consolidated Working Capital Adjustment means, for any period 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 Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Working Capital Target means $0.
Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.
Net Working Capital means current assets minus current liabilities.
Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).
Base Working Capital means $25,000,000.
Estimated Working Capital has the meaning set forth in Section 2.3(a).
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.
Target Working Capital means $0.
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.
Closing Date Net Working Capital means the Net Working Capital as of the Closing Date.
Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.
Working Capital Advance has the meaning specified in Section 2.01(c).

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