Required Working Capital definition

Required Working Capital has the meaning specified in Section 2.4(a);

Required Working Capital means an amount equal to seven and 75/100 percent (7.75%) of the trailing twelve-month revenue of the Company as of the Closing Date.

Required Working Capital means an amount equal to eighteen percent (18%) of the annualized amount of actual sales of the Companies during the 2010 Interim Period.

Examples of Required Working Capital in a sentence

• The Working Capital Facility Agent may be removed at any time (i) by the Required Working Capital Lenders for such Person’s gross negligence, fraud or willful misconduct or (ii) by the Borrower, with the consent of the Required Working Capital Lenders, for such Person’s gross negligence, fraud or willful misconduct.

• Until the Discharge of Interim Notes Obligations, each of the Existing Notes Collateral Agent (on behalf of itself and the Existing Notes Noteholders) and the Pari Passu Collateral Agent (on behalf of the Pari Passu Lenders) agree that none of them shall seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of the Shared Collateral, without the prior written consent of the Interim Notes Collateral Agent and the Required Working Capital Facility Lenders.

• If the Adjusted Estimated Total Working Capital for any Hotel is less than $0, Purchaser shall fund the amount of such Adjusted Estimated Total Working Capital deficit at Closing and shall also fund the applicable Initial Required Working Capital for such Hotel.

• Initial Required Working Capital shall mean, with respect to each Hotel, the amount set forth on Schedule 3.3(b) for such Hotel.

• In the event The Bank of Nova Scotia is no longer the Working Capital Facility Agent, any successor Working Capital Facility Agent may be removed at any time with cause by the Required Working Capital Lenders.

More Definitions of Required Working Capital

Required Working Capital means negative $7,987,096.

Required Working Capital means an amount equal to (i) eight percent (8%) of the trailing twelve-month revenue of the Company as of the Closing Date minus (ii) $17,500,000.

Required Working Capital is $50,805,000.

Required Working Capital. Negative $180’000,000 pesos converted to United States dollars at the Applicable Exchange Rate.

Required Working Capital means 35,000,000 euro.

Required Working Capital means Thirty Six Million, One Hundred Thirty-Four Thousand Dollars (US$36,134,000). “Retained Liabilities” has the meaning set forth in Section 2.1(c).

Required Working Capital means a ratio of current assets to current liabilities, each computed in accordance with GAAP, of not less than 1.2:1.