Working Capital Allowance definition

Working Capital Allowance means funds acquired by the Solar Project in such amounts as shall be deemed reasonably necessary by the FMPA Board of Directors to provide for any working capital needs, including providing for the Solar Project’s ability to pay the Seller in the event of non-payment by one or more Project Participants. The initial Working Capital Allowance and the method of funding is described in “Attachment C” to this Power Sales Contract.

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Working Capital Allowance means $2 million less the aggregate Applicable Working Capital Allowance taken into account for the calculation of Consolidated Cash Flow for all previous periods for which Consolidated Cash Flow is calculated for purposes of this Indenture.

Working Capital Allowance means $2,000,000 less the aggregate Applicable Working Capital Allowance taken into account for the calculation of Consolidated Cash Flow for all previous periods for which Consolidated Cash Flow is calculated for purposes of the indenture.

Examples of Working Capital Allowance in a sentence

As part of the budget process, the Solar Project Committee will review Project Related Costs, including the Allocable A&G and the Working Capital Allowance, to ensure the appropriate amount of resources are allocated the Solar Project.
As of the date of Temporary Rates, the Company’s Working Capital Allowance related to supply requirements and recovered through the COGC will be calculated by multiplying supply costs by the percentage derived from dividing the supply-related net lag of 9.25 days3 by 365 days and multiplied by the monthly prime lending rates in effect for the period.
Based upon the Preliminary Statement, a preliminary determination of the Final Equity Consideration shall be made (the "Preliminary Equity Consideration"), which Preliminary Equity Consideration shall be an amount equal to the Enterprise Value (A) less Preliminary Closing Debt, (B) less Transaction Expenses, (C) less the Employee Bonuses, (D) plus Preliminary Closing Cash, (E) less the Escrow Amount and (F) plus or minus the Estimated Working Capital Allowance as provided pursuant to clause (b) below.
As part of the budget process, the Solar III Project Committee will review Project Related Costs, including the Allocable A&G and the Working Capital Allowance, to ensure the appropriate amount of resources are allocated the Solar III Project.
If we incur expenses that are greater than our Aggregate Working Capital Allowance and such additional expenses are not approved and funded by the ▇▇▇▇▇▇ Shareholder, or if we become subject to other third party claims that can be satisfied from the Escrow Account (as discussed further below), then the per-Public Share liquidation price may be lower than this amount.
An amount equal to €1,500,000, to be deducted from the reserved issuance to the Founders of the Founders’ Units, will not be deposited in the Escrow Account, but will instead represent the Company’s Initial Working Capital Allowance.
Based upon the Preliminary Statement, a preliminary determination of the Purchase Price shall be made (the "Preliminary Purchase Price"), which Preliminary Purchase Price shall be an amount equal to $210,000,000 less Preliminary Closing Debt, plus Preliminary Closing Cash, plus or minus the Estimated Working Capital Allowance determined pursuant to subsection 1.2.2(b).
The aggregate purchase price (the “Purchase Price”) payable to the ACZ Shareholders, by NHL, for the ACZ Purchased Shares shall be $25,000,000 less the Long-Term Debt and subject to the Working Capital Adjustment and Working Capital Allowance advanced (the “Adjusted Purchase Price”).
Following the Listing Date, the Company believes the Initial Working Capital Allowance will be sufficient to allow the Company to operate until the Initial Business Combination Deadline.
Audit Exhibit SGS - 8 shows the Cash 13 Working Capital Allowance.

More Definitions of Working Capital Allowance

Working Capital Allowance. , in respect of a month, means an amount equal to 110 per cent of the facility operating costs for that month multiplied by two.

Working Capital Allowance means the amount determined as such pursuant to section 6(e) of this Schedule.

Working Capital Allowance for a Year means an allowance which provides a return on certain working capital in that Year, at the rate equal to the Allowed Rate of Return on Equity, determined as follows: (i) in maintaining working capital, the Processor shall act reasonably with a view to optimizing the use of the Operating Line (rather than equity) so as to reduce the overall cost impact of working capital; (ii) subject to the recalculation at the end of each Year under subclause (iv), the amount of working capital for the Year shall be the amount of working capital reflected in the annual budget prepared by the Processor and arrived at reasonably, having regard for: (A) the timing of payments made by and to the Processor under the Processing Agreement; (B) the timing of payments made by the Processor for labour and to service providers and others in respect of the operation and maintenance of the Facility; (C) availability of funding from an Operating Line; (D) the requirement to retain a reasonable amount for contingencies (having regard to any contingencies funded as part of the Debt Financing); (iii) for purposes of calculating the Working Capital Allowance each Month during a Year, the amount of working capital as determined under subclause (ii) shall not include any of the following: (A) working capital funded from Debt Financing or an Operating Line; (B) working capital required as a result of Excluded Capital Costs; (C) working capital required to fund the costs of acquiring Feedstock directly in connection with the use of Excess Capacity (which costs shall be reasonably determined only at the end of each Year and reflected in the next Monthly Statement following the determination, and which determination shall have regard to the amount of such costs borne by the Processor, implicitly, as part of the determination under Section 12.5 of the Processing Agreement of the YTD Excess Capacity Amount by the consequences of including in the calculation of the YTD Net Profit Per Barrel the YTD Operating Component; and shall take into account the impact on the use of the Operating Line resulting from the Excess Capacity); (D) working capital required as a result of payment of a Benchmark Operating Costs Rebate under section 7 of this Schedule (and any similar rebate under the CNR Processing Agreement); and (E) working capital required to fund distributions by the Processor beyond the Annual Return on Equity, the Annual Return on Equity and the YTD Excess Capacity Amount under the Pro...

Working Capital Allowance has the meaning set forth in Section 2.06.