Targeted Working Capital definition

Targeted Working Capital means an amount equal to negative Five Hundred Thirteen Thousand Dollars (-$513,000).

Targeted Working Capital means $[●].

Targeted Working Capital. Section 2.06(a) “Termination Date” Section 6.04(b) “Third Party Claim” Section 9.06(a)

Examples of Targeted Working Capital in a sentence

• If the Working Capital reflected on the Preliminary Statement exceeds the Targeted Working Capital, the amount of the Closing Purchase Price shall be increased dollar-for-dollar by the amount of such excess, and if the Working Capital reflected on the Preliminary Statement is less than the Targeted Working Capital, the amount of the Closing Purchase Price shall be decreased dollar-for-dollar by such shortfall.

• No adjustment shall be made on the Closing Date for any excess of Estimated Working Capital over Targeted Working Capital.

• If the Estimated Working Capital is greater or less than the Targeted Working Capital, the cash payable to Seller on the Closing Date shall be increased or reduced dollar-for-dollar by the amount of the excess or shortfall (the “Closing Date Adjustment Amount”), without affecting the Total Purchase Price payable pursuant to the Post-Closing Adjustment pursuant to Section 1.5(c).

• At the Closing, if the Estimate Working Capital as reflected on such Closing Date Estimate Statement (i) is less than the Targeted Working Capital, then the Purchase Price shall be decreased by the difference between the Estimate Working Capital and the Targeted Working Capital, or (ii) is greater than the Targeted Working Capital, then the Purchase Price shall be increased by the difference between the Estimate Working Capital and the Targeted Working Capital.

• The Purchase Price will be increased by the difference between (a) and (b) above if actual Working Capital on the Closing Date exceeds the Targeted Working Capital.

More Definitions of Targeted Working Capital

Targeted Working Capital means $194.2 million of positive Working Capital (adjusted as required in this section), which reflects the good faith estimate by the Parties of the amount of positive Working Capital expected to be reflected on the Opening Embarq Balance Sheet. If the Distribution Date is before May 31, 2006 then the Targeted Working Capital will be decreased by $0.825 million for each calendar day starting with the day following the Distribution Date and through May 31, 2006, but not to exceed a maximum of 16 calendar days, (e.g. if the Distribution Date is May 15, 2006, then Targeted Working Capital would be decreased $13.2 million to $181.0 million). If the Distribution Date is after May 31, 2006 then the Targeted Working Capital will be increased by $0.825 million for each calendar day after May 31, 2006 and through the Distribution Date.

Targeted Working Capital means $85 million.

Targeted Working Capital means $5 million.

Targeted Working Capital shall have the meaning given to it in Section 3.1.1.

Targeted Working Capital means $75,758,000.

Targeted Working Capital means Twenty-Four Million, Forty-Three Thousand and Eight Hundred Sixty-Nine Dollars ($24,043,869). “Tax” or “Taxes” means any and all taxes, fees, levies, duties, tariffs, imposts and other charges of any kind (together with any and all interest, penalties, additions to tax and additional amounts imposed with respect thereto) imposed by any government or taxing authority (“Taxing Authority”), including taxes or other charges on or with respect to income, franchises, windfall or other profits, gross receipts, property, sales, use, capital stock, payroll, employment, social security, workers’ compensation, unemployment compensation or net worth; taxes or other charges in the nature of excise, withholding, ad valorem, stamp, transfer, value added or gains taxes; license, registration and documentation fees; and customs’ duties, tariffs and similar charges. “Tax Returns” means any return, declaration, report, election, claim for refund or information return or other statement or form relating to, filed or required to be filed with any Taxing Authority, including any schedule or attachment thereto or any amendment thereof. “Working Capital” means (i) all current assets of the Company and the Company Subsidiaries (excluding Cash, Restricted Cash, deferred financing fees, amounts due from ISI Holdings, Inc., intercompany balances and prepaid rent for the properties at 13861 and 00000 Xxxxxxx Xxxxxx Xxxxx, income tax assets, the Closing Stale Receivables (and any corresponding reserves to the extent specifically related to such Closing Stale Receivables) and the A/R Credits), on a consolidated basis minus (ii) all current liabilities (excluding any items constituting Indebtedness or Seller Expenses, intercompany balances, deferred rent, deferred taxes, the Pre- Closing Tax Amount and any reserves associated with forward loss provisions under the Contract Field Teams Contract, including the Contract Field Teams Forward Loss Provisions Amount) of the Company and the Company Subsidiaries on a consolidated basis. For the avoidance of doubt, for all purposes hereunder the calculation of Working Capital, including the good faith estimate thereof set forth on the Preliminary Closing Statement and the calculation thereof set forth on the Final Closing Statement, shall take into account only the same line items set forth on Schedule 1.01(d) attached hereto and shall be determined or calculated in accordance with the Accounting Principles, and as further provided in Sectio...

Targeted Working Capital means the target amount of working capital to be retained by Company LP following the Closing, which is $5,000,000 and which has already been taken into account in the Initial Offer Consideration. QuickLinks