Total Working Capital definition

Total Working Capital means the Total Assets minus the Total Liabilities which amount may be positive or negative;
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Total Working Capital means in respect of the Group on a consolidated basis, short- term non-interest bearing assets less (i) short-term non-interest bearing debt and (ii) loans drawn under Construction Financing plus Cash.
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Total Working Capital means total current assets (but not including Cash and Intercompany Debt) of the Companies less total current liabilities of the Companies. The total current liabilities of the Companies shall include RTE's overdraft balance to ABN.
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Examples of Total Working Capital in a sentence

  • In addition, Borrower shall immediately pay DFS whatever sums may be necessary from time to time to remain in compliance with the Total Credit Limit and the Total Working Capital Credit Limit, as such limits may change from time to time, including, without limitation, as a result of any Collateral no longer being deemed an Eligible Account or Eligible Inventory, or as a result of any change in the Value of any Eligible Inventory, or in the amount of any Eligible Account.

  • Dollars of the Outstanding Principal under the Working Capital Facility exceed the Total Working Capital Facility Commitment.

  • The LC Fee shall be payable quarterly in arrears on the fifth Banking Day of each Fiscal Quarter following the issuance of the relevant Letter of Credit and upon termination or cancellation of the Total Working Capital Facility Commitment and following receipt of a written notice from the Agent setting out the amount of such fee.

  • At Closing, the Unadjusted Purchase Price shall be: (i) increased (or decreased) by the amount by which the Estimated Total Working Capital applicable to the Hotels is more (or less) than $0; (ii) increased (or decreased) by the amount by which the Estimated North American Capex applicable to the Hotels is more (or less) than the Target North American Capex Amount as set forth on Schedule 3.3(a); and (iii) increased by the amount of the Estimated PIP Expenditures.

  • If the Adjusted Estimated Total Working Capital for any Hotel is less than $0, Purchaser shall fund the amount of such Adjusted Estimated Total Working Capital deficit at Closing and shall also fund the applicable Initial Required Working Capital for such Hotel.

  • Dollars calculated at a rate per annum equal to the Applicable Margin (based on a year of 365 or 366 days, as applicable) on the amount, if any, for each day by which the amount of the Outstanding Principal owing to such Applicable Lender under the applicable Credit Facility, as the case may be, is less than the Total Construction Facility Commitment, Contingent Facility Commitment or Total Working Capital Facility Commitment of such Applicable Lender, as applicable.

  • Adjusted Estimated Total Working Capital shall mean, for each Hotel, the amount equal to (i) the Estimated Total Working Capital for such Hotel, minus (ii) the value of the Miscellaneous Operating Supplies included in the calculation of the Estimated Total Working Capital for such Hotel.

  • In addition, Borrower shall immediately pay DFS whatever sums may be necessary from time to time to remain in compliance with the Total Credit Limit and the Total Working Capital Credit Limit, as such limits may change from time to time, including, without limitation, as a result of any Collateral no longer being deemed eligible, or as a result of any change in the amount of any Eligible Account.

  • The Total Working Capital shall be derived from the Audited Accounts and notified by the Seller to the Purchaser.

  • If the Adjusted Estimated Total Working Capital for any Hotel is less than $0 and the Initial Required Working Capital for such Hotel is less than $0, Purchaser shall fund the amount equal to the difference between the negative Adjusted Estimated Total Working Capital and the negative Initial Required Working Capital at Closing.


More Definitions of Total Working Capital

Total Working Capital means an amount equal to the excess of (x) the aggregate book value of all of the accounts receivable, inventory, prepaid items, deposits and advances of the Division acquired by the Company and its subsidiaries as part of the Assets as of the opening of business on the first business day immediately following the Closing over (y) the aggregate current liabilities of the Division assumed by the Company at the Closing, determined as of the Closing Date in each case, as provided in Section 2.3.3 below.
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Total Working Capital means the Total Assets minus the Total Liabilities which amount may be positive or negative; “Transaction” means the acquisition by the Purchaser of the Shares, the payment of the Receivable on behalf of the Direct Subsidiary, the payment of any Other Receivables on behalf of the Company and the redemption of the Loan Note on behalf of the Company pursuant to and subject to the provisions of this Agreement; “Transaction Documents” means this Agreement, the Tax Deed, the Loan Note Redemption Deed, the Indemnification Agreement and any other documents to be entered into pursuant to this Agreement; “Transitional Services Agreement” means the transitional services agreement entered into on 25 November 2016 between XxxX Xxxxxxxxxx, the Seller, the Company, the Direct Subsidiary and the Project Companies; and “VAT” has the meaning given in the Tax Deed.
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Total Working Capital shall be added to Section 1.01 of the Securities Purchase Agreement and shall mean “as of any date, an amount equal to the sum of (i) Total Adjusted Assets and (ii) Total Adjusted Liabilities, as such terms are used in Exhibit G hereto.”
Sample 1
Total Working Capital means the total combined current assets minus the total combined current liabilities of the Companies, which shall not include (i) any fees, not to exceed 1% of the aggregate indebtedness outstanding, payable by the Companies pursuant to the agreements governing the indebtedness described in Schedule 2.02(B) and (ii) the current portion of any long-term indebtedness, as shown on the Closing Balance Sheet.
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Related to Total Working Capital

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

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

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

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

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

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

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

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

  • Target Working Capital means $0.

  • 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.

  • Target Net Working Capital means $0.

  • 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).

  • 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.

  • 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.

  • 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.

  • 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).

  • 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.

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

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

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

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

  • 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.