Target Net Working Capital Ceiling definition

Target Net Working Capital Ceiling means an amount equal to the Target Net Working Capital plus $4,000,000.
Sample 1Sample 2
Target Net Working Capital Ceiling means $20,000,000.
Sample 1
Target Net Working Capital Ceiling means $1,900,000.
Sample 1

Examples of Target Net Working Capital Ceiling in a sentence

  • If the Estimated Net Working Capital exceeds the Target Net Working Capital Ceiling, then the Closing Payment payable to the Sellers at the Closing pursuant to Section 1.2 and Section 1.4 shall be increased by an amount equal to the amount by which the Estimated Net Working Capital exceeds the Target Net Working Capital Ceiling.

  • In the event that Estimated Net Working Capital is equal to or greater than the Target Net Working Capital Floor and equal to or less than the Target Net Working Capital Ceiling, then no adjustment to the Closing Date Cash Purchase Price shall be made pursuant to the provisions of this Section 3.4(a).

  • In the event that the Estimated Net Working Capital is greater than that Target Net Working Capital plus the Net Working Capital Adjustment Amount (the “Target Net Working Capital Ceiling”), then the Closing Date Cash Purchase Price shall be increased by the amount that the Estimated Net Working Capital exceeds the Target Net Working Capital Ceiling.

  • In the event that the Net Working Capital as calculated based on the Closing Balance Sheet is equal to or greater than the Target Net Working Capital Floor and equal to or less than the Target Net Working Capital Ceiling, then no payments shall be required to be made pursuant to this Section 3.6(a).

  • If the Estimated Net Working Capital is equal to or greater than the Target Net Working Capital Floor and equal to or less than the Target Net Working Capital Ceiling, then no adjustments shall be made pursuant to this Section 1.5(a).

  • In the event that the Net Working Capital as calculated based on the Closing Balance Sheet is greater than the Target Net Working Capital Ceiling, then Purchasers shall be required to pay Sellers the amount of such excess, plus Interest.


More Definitions of Target Net Working Capital Ceiling

Target Net Working Capital Ceiling means Negative Eighty-Five Million Dollars (-$85,000,000).
Sample 1
Target Net Working Capital Ceiling means negative $3,000,000.
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Related to Target Net Working Capital Ceiling

  • Target Net Working Capital means $0.

  • Target Net Working Capital Amount means $5,000,000.

  • Net Working Capital Target means $0.00.

  • Target Working Capital means $0.

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

  • Target Working Capital Amount means $75,000,000.

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

  • 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.

  • Working Capital Target means $0.

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

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

  • Estimated Net 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).

  • 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.

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

  • 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).

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

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

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

  • 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.

  • 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).

  • Working Capital Units shall have the meaning given in the Recitals hereto.

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