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 Southeast 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 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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Examples of Working Capital Accounts in a sentence

  • The Business Working Capital Accounts were prepared using principles, procedures, policies and methods consistent in all material respects with those used in the preparation of the balance sheet of the Business as of the Balance Sheet Date included in the Financial Statements.

  • 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.

  • Borrower may, with the consent of Agent (and subject to the provisions of Section 13 hereof), transfer immediately available funds into the Working Capital Accounts but only to the extent that the aggregate balance in the Working Capital Accounts does not exceed $2,000,000.00; provided, however, that such $2,000,000.00 limitation may, from time to time with respect to any specific transfer request by Borrower, be temporarily waived by Agent.

  • The amounts on deposit at any time in the Depository Account and the Working Capital Accounts shall serve as collateral security for the Obligations (and such accounts shall be subject to the Lenders' right of setoff against such amounts under Section 13 without notice).

  • Subject to paragraph (B) below, unless otherwise provided and unless there is a Default outstanding, amounts may only be withdrawn from the Offshore Proceeds Accounts and the Onshore Working Capital Accounts (including by way of transfer to any other account) if they are applied for the following purposes and subject to the following priority: ccx.

  • The Working Capital Accounts and the amounts held thereunder (including Permitted Investments therein) shall be at all times under the exclusive control of Collateral Agent pursuant to Section 9-104(a)(2) of the UCC, except as provided in the Energy Hedge Provider Control Agreement.

  • In determining Closing Date Working Capital, Accounts Receivable shall be valued at 100% of the amount thereof, net of applicable reserves set forth in the Pre-Closing Statement (and with no post-closing adjustment).

  • Concurrently with its delivery of the Proration Statement, Target shall also deliver its statement setting forth a good faith estimate of each of the items of Current Assets and Current Liabilities as of the Closing Date, which shall be prepared in accordance with the Closing Working Capital Accounting Principles for each of the Working Capital Accounts set forth in the Target Identified Account Listing (the "Closing Working Capital Statement”).

  • 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.

  • Working Capital, Accounts Receivable, Accounts Payable and Inventory 14 Section 4.06.


More Definitions of Working Capital Accounts

Working Capital Accounts has the meaning given in Section 5.3(a)(iv) of the Depositary Agreement.
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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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Working Capital Accounts means the line items of the Working Capital set forth on Annex III.
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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, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Working Capital Adjustment has the meaning set forth in Section 2.5(a).

  • 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.

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

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • 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 means $0.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • 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 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 means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Working Capital Escrow Amount means $2,000,000.

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

  • Target Net Working Capital means $0.

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

  • 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, 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.

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

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