Specified Working Capital definition

Specified Working Capital shall have the meaning set forth in Schedule 2.16.
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Specified Working Capital means an amount equal to the difference between (i) the current assets of the District with respect to the operation of the Hospital Business, but limited to the following categories: net patient receivables, cost report settlements, other receivables, inventory, prepaid insurance, deposits and other prepaid expenses, and (ii) the current liabilities of the District with respect to the operation of the Hospital Business, but limited to the following categories: accounts payable, accrued liabilities, accrued payroll, accrued retirement (excluding any amounts related to the Pension Plan), and other current Liabilities (excluding any amounts related to notes payable and the Supplemental Executive Retirement Plan), in each case, as such terms are utilized in the Unaudited Financial Statements. To the extent that the Parties reasonably agree that any amounts included in deposits, above will be paid to the District and not to Newco, such amounts will be excluded from the Specified Working Capital calculation. For the avoidance of doubt, Specified Working Capital will not include cash and cash equivalents, investments, deferred compensation, other current liabilities relating to notes payable and the Supplemental Executive Retirement Plan, accrued retirement related to the Pension Plan, accrued health insurance, reserve for malpractice, current portion – bonds payable, in each case, as such terms are utilized in the Unaudited Financial Statements.
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Examples of Specified Working Capital in a sentence

  • Such Balance Sheet or calculation of Specified Working Capital shall not bind Newco or LCMC with respect to the final determination of the Final Balance Sheet or the Final Adjustment Schedules (or any components thereof).

  • Such Balance Sheet and the calculations of Specified Working Capital thereon are referred to as the “Estimated Balance Sheet” and the “Estimated Working Capital,” respectively.

Related to Specified Working Capital

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

  • 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.

  • 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.

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

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

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