Required Net Working Capital definition

Required Net Working Capital with respect to Parent or the Company, means such party’s actual net working capital as of September 30, 2005 plus an amount equal to $1,000,000 less then actual cash reflected on such party’s balance sheet on such date.
Sample 1
Required Net Working Capital means $3,500,000.
Sample 1
Required Net Working Capital means an amount equal to (i) the trailing 12-month average Net Working Capital for the period ending on March 31, 2004, minus (ii) $392,356, minus (iii) $299,571. For the avoidance of doubt, the adjustments set forth in clauses (ii) and (iii) are the ones set forth under “Working Capital Adjustment” in Exhibit G.
Sample 1

Examples of Required Net Working Capital in a sentence

  • Notwithstanding anything to the contrary contained herein, the Net Purchase Price shall be increased or decreased on a dollar for dollar basis to the extent that the Final Net Working Capital is greater or less than the Required Net Working Capital.

  • The “Estimated Net Working Capital Adjustment” shall be an amount equal to (A) the Estimated Net Working Capital minus (B) the Minimum Required Net Working Capital.


More Definitions of Required Net Working Capital

Required Net Working Capital means Net Working Capital totaling Three Million Five Hundred Fifty-Five Thousand Dollars ($3,555,000).
Sample 1

Related to Required Net Working Capital

  • Net Working Capital means current assets minus current liabilities.

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

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

  • Target Net Working Capital means $0.

  • 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 Working Capital means $0.

  • Closing Net Working Capital means Net Working Capital as of the Adjustment Calculation Time.

  • Closing Date Net Working Capital means the Net Working Capital as of 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.

  • Target Net Working Capital Amount means $0.

  • 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.

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

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

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

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

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

  • Net Working Capital Target means $0.00.

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

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

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

  • 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.

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

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Working Capital Assets means the current assets of the Company as of the Effective Time (including all Cash and Cash Equivalents), determined in accordance with Accounting Principles but excluding any Tax assets.

  • 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.