Working Capital Balance has the meaning specified in Section 5.12.

Working Capital Balance means Current Assets less Current Liabilities; and

Working Capital Balance means for each day in the applicable Working Capital Period, the cumulative balance during such Working Capital Period, calculated as the difference between (i) the amount of cash received from Coffeyville for the purchase of Crude Oil and (ii) the amount of cash expended by Vitol to purchase Crude Oil for Coffeyville during such Working Capital Period. It is the intention of the Parties that the Working Capital Balance shall be calculated as a running balance and that a negative balance shall indicate that more money was expended by Vitol during such period than received, and conversely, a positive balance shall indicate that more money was received by Vitol during such period than expended. PORTIONS OF THIS AGREEMENT DENOTED WITH THREE ASTERISKS (***) HAVE BEEN OMITTED AND WILL BE SUBJECT TO A REQUEST FOR CONFIDENTIAL TREATMENT WITH THE SECURITIES AND EXCHANGE COMMISSION

Examples of Working Capital Balance in a sentence

The Rate Reserve Fund will be counted in the Working Capital Balance calculation, however any expenditure from the Rate Reserve Fund will require an appropriation approved by the Water Authority Board.
The goal for the Water Authority is to achieve and maintain a Working Capital Balance that will be 1/12 of the Water Authority’s annual budgeted expenditures.
If the Closing Date Working Capital Balance is less than the Estimated Working Capital Balance, the Cash Price shall be adjusted downward on a dollar for dollar basis by the amount of such difference.
By Fiscal Year 2015 the goal for the Water Authority is to achieve and maintain a Working Capital Balance that will be 1/12 of the Water Authority’s annual budgeted expenditures.
Working Capital Balance As of March 31, 2021, the Company had a working capital deficit of $3,952,896 (June 30, 2020: deficit of $918,048).

More Definitions of Working Capital Balance

Working Capital Balance means, for any day, the aggregate balance of cash and Cash Equivalents of the Company and its Subsidiaries; provided, however, that amounts of Net Cash Proceeds (plus amounts described in causes (2) and (4) of the definition of Net Cash Proceeds pending their use as contemplated) or Net Loss Proceeds shall be excluded from the Working Capital Balance.

Working Capital Balance means the working capital balance measured as of the Closing Date, prepared in the form attached hereto as Annex B.

Working Capital Balance means $500,000 or such other amount as may be agreed with the Majority Banks from time to time.

Working Capital Balance means the excess of the current assets of Sunbelt and its Subsidiaries over the current liabilities of Sunbelt and its Subsidiaries, all as determined in accordance with French GAAP (to the extent not inconsistent with this Agreement).

Working Capital Balance. An amount equal to the Working Capital (as defined below), deducting: (A) An amount of NIS 2 million; and (B) The cash dividend amounts announced by the Company starting from the Record Date and up to (and including) the Signing Date, which have been or will be paid to the Company’s shareholders up to the Completion Date (inclusive). “Working Capital” – The Company’s total current assets according to the Financial Statements as of the Record Date, deducting the Company’s total current obligations (neutralizing current maturities of obligations due to leases) according to the Financial Statements as of the Record Date. [Attached hereto as Annex 4 hereof is the Company’s working capital calculation as of March 31, 2021, based on the Company’s solo financial statements of March 31, 2021]