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 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.

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.

Examples of Total Working Capital in a sentence

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

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.

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.

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 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, the Seller, the Company, the Direct Subsidiary and the Project Companies; and “VAT” has the meaning given in the Tax Deed.