Working Capital Balance definition

Working Capital Balance has the meaning specified in Section 5.10(c).

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.

Examples of Working Capital Balance in a sentence

• We have also been advised that the Reserve Value and Working Capital Balance of each Partnership has been properly allocated between Pioneer USA and Limited Partners of each Partnership in accordance with the Partnership Agreement with respect to a liquidation of such Partnership.

• If the Ending Working Capital Balance exceeds the Initial Working Capital Balance, Lessor shall pay over to Lessee cash in the amount of such excess within thirty (30) days of such determination.

• If the Ending Working Capital Balance is less than the Initial Working Capital Balance, Lessee shall pay over to Lessor cash in the amount of such deficiency, within thirty (30) days of such determination.

• Additionally, both the Initial Working Capital Balance and the Ending Working Capital Balance shall be calculated without the inclusion of any "in circulation" operating or consumable supplies ("In-Circulation Supplies").

• Within thirty (30) days after the date of expiration or earlier termination of this Lease, Lessor and Lessee will work together in good faith to determine the balance of Working Capital as of such date (the "Ending Working Capital Balance").

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

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 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 means a balance, calculated at any time, equal to the cumulative amount of (a) any prepayments of Revolving Loans pursuant to Section 2.12(a) less (b) any Borrowing (but excluding the initial Borrowing to be made on the Closing Date) of Revolving Loans pursuant to Section 2.02; provided, that the amount of any such Borrowing, for purposes solely of the calculation of the Working Capital Balance shall be capped at an amount equal to the positive Working Capital Balance immediately prior to such Borrowing, from the Closing Date to such time.

Working Capital Balance. The "Working Capital Balance" of Seller means, as of any date of determination, the excess of the current assets of Seller set forth on Schedule 1.2(c) as of such date over the current liabilities set forth on Schedule 1.2(c) as of such date, determined in accordance with the GAAP but determined without taking into account any Excluded Assets or Excluded Liabilities. "GAAP" means generally accepted accounting principles in the United States, as in effect from time to time, and as consistently applied by Seller with respect to the accounting methods used (consistent application shall be determined by reference to the work papers of Seller's independent accountants relating to Seller's most recent audited financial statements);

Working Capital Balance of Seller means, as of any date of determination, the excess of the current assets of Seller set forth on Schedule 1.2(c) as of such date over the current liabilities set forth on Schedule 1.2(c) as of such date, determined in accordance with the GAAP but determined without taking into account any Excluded Assets or Excluded Liabilities. "GAAP" means generally accepted accounting principles in the United States, as in effect from time to time, and as consistently applied by Seller with respect to the accounting methods used (consistent application shall be determined by reference to the work papers of Seller's independent accountants relating to Seller's most recent audited financial statements);