Projected Net Working Capital definition

Projected Net Working Capital has the meaning given in Section 9.5(a).
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Projected Net Working Capital means the amount of Net Working Capital of the Company reflected on the Preliminary Closing Balance Sheet.
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Projected Net Working Capital means: (i) the aggregate current assets of Seller, other than the Excluded Assets, projected as of the Closing Date, and expressly including the value of the inventory as determined consistent with past practice, minus (ii) the aggregate current liabilities of Seller assumed by Purchaser projected as of the Closing Date, expressly including but not limited to the PTO Accrued Liabilities. Projected Net Working Capital shall be determined in accordance with GAAP, applied on a basis consistent with past practices using the same policies, methodologies and assumptions used in connection with the preparation of the determination of Projected Net Working Capital set forth on Schedule 2.5. Purchaser and Seller agree that Projected Net Working Capital as of Closing Date is as set forth on Schedule 2.5.
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Examples of Projected Net Working Capital in a sentence

  • All documents made by and all decisions of the Council shall be authenticated by the Chairman or the Secretary of the Council.

  • Such determination shall be made in accordance with GAAP and consistent with the definition of Projected Net Working Capital.

  • At least ten (10) Business Days prior to Closing, Seller shall deliver to Purchaser a certificate setting forth a determination of the Projected Net Working Capital (the "Projected Net Working Capital") as of the Closing Date, based on the last day of the most recently ended calendar month prior to the Closing Date for which financial statements are available and any updated information available to Seller at that time.

  • The Projected Net Working Capital shall be used for purposes of calculating the Purchase Price as of the Closing.

  • After the Closing, the purchase price will be adjusted dollar-for-dollar, upward or downward to the extent of any positive or negative variance (respectively) at the time of the Closing from a Net Working Capital range for the Business falling below $3,853,200 or above $4,258,800 as of June 30, 2014 ("Projected Net Working Capital") in accordance with Sections 2.4 and 2.5 below.

  • The Sanitation District shall continue to include the entire Township, but collection of solid waste and recyclableitems shall be limited to residential users or customers and nonprofit educational or religious establishments and shall not include any nonresidential users or garden apartment complexes after the effective date of this Article.

  • In addition, to the extent Buyer has not incurred the liabilities contemplated in Section 1.4(e), such accruals shall be included in the Projected Net Working Capital and shall be returned to Seller.

  • Closing Date Projected Net Working Capital will be reconciled with the Closing Date Actual Net Working Capital.

  • The Aggregate Purchase Price plus or minus the adjustment from the Projected Net Working Capital shall be the final purchase price (the "Purchase Price").

  • Buyer shall also prepare and deliver to Seller a statement setting forth the calculation of the adjustment from the Projected Net Working Capital, which was calculated as provided above.


More Definitions of Projected Net Working Capital

Projected Net Working Capital means $850,000.
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Projected Net Working Capital shall have the meaning set out in Section 2.1.
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Projected Net Working Capital means $3,000,000.
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Projected Net Working Capital means a good faith projection of the unaudited statement of Closing Net Working Capital as set forth in Exhibit 2.3(a). “Proportionally” shall mean, as to Sellers, in the proportions set forth on Schedule 2.2(b), and as to the Parent Shareholders, in the same proportion as their relative ownership of Parent Stock as set forth on Schedule 3.1C. 9
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Projected Net Working Capital means $1,000,000.
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Related to Projected Net Working Capital

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

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

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

  • 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 means $36,500,000.

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • 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 Amount means $0.

  • Net Working Capital Target means $0.00.

  • Closing Date Net Working Capital has the meaning specified in Section 3.4(a).

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

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Target Working Capital Amount means $162,000,000.

  • Working Capital means Current Assets less Current Liabilities.

  • 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.

  • Base Working Capital means $25,000,000.

  • 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.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

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

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

  • 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.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

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