Upper Working Capital Collar definition

Upper Working Capital Collar means an amount equal to the Target Working Capital plus an amount equal to 10% of the absolute value of the Target Working Capital.
Sample 1Sample 2
Upper Working Capital Collar has the meaning set forth on Schedule 1.1(b).
Sample 1Sample 2
Upper Working Capital Collar has the meaning set forth on Schedule 11(d).
Sample 1Sample 2

Examples of Upper Working Capital Collar in a sentence

  • Presumably, therefore, the availability of cash in the tri-party market for a certain type of collateral influences the availability and the terms of repo lending to investors who own that type of collateral.Specifically, our fund owns mostly mortgage-backed collateral (direct MBS, or CDOs of MBS).


More Definitions of Upper Working Capital Collar

Upper Working Capital Collar mean $4,500,000.
Sample 1
Upper Working Capital Collar means $10,000,000 if Closing occurs on or prior to February 29, 2012 and $8,000,000 if Closing occurs after February 29, 2012.
Sample 1

Related to Upper Working Capital Collar

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

  • 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 Working Capital means $0.