Working Capital Accounts definition

Working Capital Accounts means the line items "cash", "accounts receivable", "inventories", "prepayment and other", "accounts payable" and "accrued liabilities" on the Balance Sheet, all as computed in accordance with GAAP and past practice for Grande and the Partnership, and in a manner as reflected on the Balance Sheets; provided, however, that the line items "prepayment and other", "accounts payable" and "accrued liabilities" shall not include the impact of any items referred to in the first proviso in Section 3.2(a)(i).
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Working Capital Accounts means one or more deposit accounts or joint deposit/securities accounts held in the name of any Obligor, the contents of which are used to fund ongoing working capital requirements (but, for the avoidance of doubt, not including any working capital requirements of REO Unrestricted Subsidiaries) and any other accounts holding Unrestricted Cash of any Obligor.
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Working Capital Accounts has the meaning given in Section 5.3(a)(iv) of the Depositary Agreement.
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Examples of Working Capital Accounts in a sentence

  • Decision and Order at 9 n.9. The administrative law judge considered Dr. Green’s opinion pursuant to 20 C.F.R.§718.304(c).

  • Working Capital Management in an International Setting :Need for International working capital - Sources of Risks - Hedging Risks - Management of International Working Capital Accounts - International Cash, Receivables and Inventory management - Inter-Company Funds flow mechanism.

  • RECONCILIATION OF NET DEFICIT AFTER TAXATION TO CASH FLOWS FROM OPERATING ACTIVITIES March 2018$March 2017$Net Deficit after Tax(4,297,580)(7,076,319)Non-Cash Items: Depreciation 20,161 36,952(Gain)/Loss on sale of assets141,414(526)Share based compensation74,524928,994Foreign exchange movements(55,645)– Changes in Working Capital: Accounts receivable and prepayments1,196,77371,379Accounts payable and accruals(628,451)(122,484)Net Cash Outflow from Operating Activities(3,548,804)(6,162,004) 15.

  • For the avoidance of doubt, no item shall be double counted in the calculation of Net Working Capital, Accounts Receivable, Prepaid Expenses, Accounts Payable, Accrued Expenses, Cash, Cash Offsets, Indebtedness or Company Transaction Expenses.

  • Working Capital Accounts The Financial Projections assume that the Reorganized Debtors’ working capital accounts, including Accounts Receivable, Prepaid Expenses, Accounts Payable, Accrued Expenses and Deferred Income continue to perform in a manner consistent with the historical relationships exhibited in comparison to revenue and expense activity.

  • For the avoidance of doubt, the New Owners shall retain ownership of the funds held within the Working Capital Accounts, and the Cash Balances held in the Working Capital Accounts shall be added to the Purchase Price as provided herein.

  • For Working Capital Accounts, ensure that drawings in the working capital accounts are covered by the adequacy of current assets, since current assets are normally appropriated first in times of distress.

  • Correspondence dated March 31, 2022 from the Department of Environment and Climate Change advises that the Department has released the Scully Mine Tailings Impoundment Area Expansion Project from environmental assessment, subject to conditions.


More Definitions of Working Capital Accounts

Working Capital Accounts means the line items "cash", "accounts receivable", "inventories", "prepayment and other", "accounts payable" and "accrued liabilities" on the Balance Sheet, all as computed in accordance with GAAP and past practice for the Subsidiaries and the Partnership, and in a manner as reflected on the Balance Sheets; provided, however, that the line items "prepayment and other", "accounts payable" and "accrued liabilities" shall not include the impact of any items referred to in the first proviso in Section 3.2(a)(i).
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Working Capital Accounts means the line items of the Working Capital set forth on Annex III.
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Working Capital Accounts means the working capital accounts comprising the combination of the accounts of the companies set out in schedule 1 and prepared in accordance with parts A and B of schedule 12 and taking the form set out in part C of schedule 12;
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Related to Working Capital Accounts

  • Capital Accounts An individual capital account shall be maintained for each Partner, and capital contributions to the Partnership by the Partners shall be credited to such accounts. Partnership profits or losses shall also be charged or credited to the separate capital accounts in the manner provided in this Agreement. No interest shall be paid on the capital account of any Partner.

  • 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.

  • Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Consolidated Working Capital Adjustment means, for any period 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.

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

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • 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.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

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

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Net Working Capital Target means $0.00.

  • 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.

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Working Capital Escrow Amount means $500,000.

  • Working Capital Units shall have the meaning given in the Recitals hereto.

  • Target Net Working Capital means $36,500,000.

  • Target Net Working Capital Amount means $0.

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Working Capital means Current Assets less Current Liabilities.

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

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