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 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).

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.

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.
In order to provide certain clarifications, the following are summaries and descriptions of certain of Seller's historical accounting practices related to certain items included in Working Capital: Accounts Receivable, net Accounts receivable, net, represents accounts receivable for shipments made to customers or for other amounts in connection with customer orders (including, but not limited to, tooling, freight and applicable Taxes).
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”).
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.
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).
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.
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.
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.

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;

Working Capital Accounts means the line items of the Working Capital set forth on Annex III.