Required Working Capital Amount definition

Required Working Capital Amount. (being an amount equal to USD45 million less the available undrawn amount under any approved credit facility) for the purposes of funding budgeted operating expenses and capital expenditure and anticipated working capital needs of the Jamalco Refinery;
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Required Working Capital Amount shall equal $2.75 million.
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Required Working Capital Amount means $2,000,000;
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Examples of Required Working Capital Amount in a sentence

  • If the Working Capital Amount is less than the Required Working Capital Amount, each Member shall deliver to Buyer on the Initial Supplemental Closing Date an amount in cash equal to such Member's portion (as set forth in a schedule (the "Allocation Schedule") to be delivered by the Members to Buyer at least two Business Days prior to the Initial Supplemental Closing Date) of such difference by Wire Transfer as set forth in instructions from Buyer.

  • No termination or amendment of the Plan may, without the consent of the Participant to whom any Award shall theretofore have been granted under the Plan, materially adversely affect the right of such individual under such Award.

  • The Initial Closing Balance Sheet will show a minimum amount of Adjusted September 30 Working Capital at least equal to the Required Working Capital Amount.

  • If the amount of such Working Capital as shown on the Closing Statement is more or less than the Required Working Capital Amount, the Cash Payment shall be increased or decreased, as the case may be, by the amount by which such Working Capital is more or less than the Required Working Capital Amount.

  • As used in this Section 2.02(a), (A) "WORKING CAPITAL DECREASE" shall mean the positive amount, if any, obtained by subtracting the Closing Working Capital Amount from the Required Working Capital Amount and (B) "WORKING CAPITAL INCREASE" shall mean the positive amount, if any, obtained by subtracting the Required Working Capital Amount from the Closing Working Capital Amount.

  • On the Closing Date, the Company's Estimated Adjusted Working Capital, shall not be less than $1,751,818 (the "Required Working Capital Amount").

  • This section presents an efficient algorithm to check this constraint.


More Definitions of Required Working Capital Amount

Required Working Capital Amount has the meaning set forth in Section 2.5(b).
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Required Working Capital Amount means $4,813,000.
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Required Working Capital Amount means $10,657,000.
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Required Working Capital Amount means Two Million Dollars ($2,000,000).
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Related to Required Working Capital Amount

  • 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).

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

  • 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 Amount means an amount equal to $23,085,000.00.

  • 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.

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.

  • 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 Advance has the meaning specified in Section 2.01(c).

  • Working Capital Deficit means the amount by which the Working Capital is less than the Target Working Capital Amount.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

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

  • Estimated Working Capital Adjustment has the meaning given that term in Section 2.04(a).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • 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.

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • 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.

  • Working Capital Target means $0.

  • Net Working Capital Target means $0.00.

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

  • 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).

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

  • Final Closing Working Capital has the meaning set forth in Section 2.4(e).

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