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.
Sample 1

Examples of Specified Working Capital in a sentence

  • 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.

  • 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).

  • The Specified Working Capital Revolving Commitment shall automatically terminate and be of no further force and effect without any action or notice by any party on August 1, 2012.

  • The Specified Working Capital Revolving Commitment shall automatically terminate and be of no further force and effect without any action or notice by any party on February 12, 2012.

  • The Specified Working Capital Revolving Commitment shall automatically terminate and be of no further force and effect without any action or notice by any party on the Ninth Amendment Effective Date.

Related to Specified Working Capital

  • 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.

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

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

  • 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.

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

  • 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 means $0.

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

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

  • Target Net Working Capital means $0.

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

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

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

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Consolidated Working Capital Adjustment means, for any period of determination 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.

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

  • 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).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

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

  • 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.

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

  • Working Capital Target means $0.

  • Net Working Capital Target means $0.00.

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