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 means $5 million.

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.

• 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).

• If Buyer delivers such notice, the Seller and Buyer shall endeavor in good faith to resolve any disagreement over the Transfer Date Balance Sheet, the pro forma balance sheet and the calculation of the Targeted Working Capital and Transfer Date Working Capital.

• If the final Audited Cash Flow is greater than the Targeted Cash Flow, the Initial Purchase Price shall be adjusted, on a dollar-for-dollar basis, plus or minus, as the case may be, by (x) the amount by which the final Audited Working Capital differs from the Targeted Working Capital and (y) the Final Net Cash Intercompany Transfer Amount.

• The Estimated Net Working Capital and Estimated Company Debt shall be calculated in accordance with GAAP applied on a basis consistent with the preparation of the Balance Sheet, and, with respect to the calculation of Estimated Net Working Capital, reflect the accounting principles, policies and procedures set forth in the definition of Net Working Capital so as to make it consistent with the calculation of the Targeted Working Capital.

More Definitions of Targeted Working Capital

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

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 has the meaning specified in Section 2.3.4(b).

Targeted Working Capital means the amount of negative $8,748,455; 146. “Tax” or “Taxes” means all taxes, duties, fees, premiums, assessments, imposts, levies, rates, withholdings, dues, government contributions and other charges of any kind whatsoever imposed by any Governmental Authority, whether direct or indirect, together with all interest, penalties, fines, additions to tax or other additional amounts imposed in respect thereof, including those levied on, or measured by, or referred to as income, gross income, gross receipts, net proceeds, profits, capital gains, alternative or add-on, or minimum, capital, transfer, land transfer, sales, retail sales, consumption, use, goods and services, harmonized sales, value-added, ad valorem, turnover, excise, stamp, non-resident withholding, business, franchising, business licenses, real and personal property (tangible and intangible), environmental, transfer, payroll, employee withholding, employment, health, employer health, social services, development, occupation, education or social security, and all contributions, premiums, surtaxes, all customs duties, countervail, anti-dumping, special import measures and import and export taxes, all license, franchise and registration fees, all provincial workers’ compensation payments, and all employment insurance, health insurance and Canada, Quebec and other government pension plan contributions;

Targeted Working Capital means an amount equal to the working capital (i.e., current assets as shown in a pro forma balance sheet of Seller consisting of the Assets (other than equipment) and minus Assumed Liabilities) of Seller, calculated in accordance with GAAP.

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...