Working Capital Ceiling definition

Working Capital Ceiling means an amount equal to the Base Working Capital plus $500,000.
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Working Capital Ceiling means an amount equal to $164,000,000.
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Working Capital Ceiling means an amount equal to the Base Working Capital plus $500,000. “Working Capital Floor” means an amount equal to the Base Working Capital minus $500,000.
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Examples of Working Capital Ceiling in a sentence

  • If the Estimated Net Working Capital is greater than the Net Working Capital Ceiling, then the Purchase Payments shall be increased by the amount of such excess, allocated among the Equity Participants in accordance with each Equity Participants’ Equity Proportion of the Purchase Payments.

  • The Parties acknowledge that no adjustments may be made to the Working Capital Target, the Working Capital Floor or the Working Capital Ceiling.

  • If the Estimated Net Working Capital exceeds the Target Net Working Capital Ceiling, then the Closing Payment payable to the Sellers at the Closing pursuant to Section 1.2 and Section 1.4 shall be increased by an amount equal to the amount by which the Estimated Net Working Capital exceeds the Target Net Working Capital Ceiling.

  • If Final Closing Net Working Capital is greater than the Base Net Working Capital Ceiling, then Purchaser shall pay or cause to be paid to Seller an amount in cash equal to the Final Closing Net Working Capital minus the Base Net Working Capital Ceiling, by wire transfer of immediately available funds to an account or accounts designated in writing by Seller to Purchaser.

  • In the event that the Estimated Net Working Capital is greater than that Target Net Working Capital plus the Net Working Capital Adjustment Amount (the “Target Net Working Capital Ceiling”), then the Closing Date Cash Purchase Price shall be increased by the amount that the Estimated Net Working Capital exceeds the Target Net Working Capital Ceiling.

  • In the event that the Net Working Capital as calculated based on the Closing Balance Sheet is equal to or greater than the Target Net Working Capital Floor and equal to or less than the Target Net Working Capital Ceiling, then no payments shall be required to be made pursuant to this Section 3.6(a).

  • If the Final Closing Net Working Capital is greater than or equal to the Base Net Working Capital Floor and less than or equal to the Base Net Working Capital Ceiling, then no further payment shall be required to be made in respect of Final Closing Net Working Capital.

  • If the Estimated Closing Date Working Capital is greater than the Target Working Capital Ceiling, then the Purchase Price and, as provided in Section 2.5(a), the Closing Cash Payment, shall be increased, on a dollar-for-dollar basis, by the amount by which the Estimated Closing Date Working Capital is greater than the Target Working Capital Ceiling (the “Estimated Increase Amount”).

  • If the Estimated Net Working Capital is equal to or greater than the Target Net Working Capital Floor and equal to or less than the Target Net Working Capital Ceiling, then no adjustments shall be made pursuant to this Section 1.5(a).

  • In the event that the Net Working Capital as calculated based on the Closing Balance Sheet is greater than the Target Net Working Capital Ceiling, then Purchasers shall be required to pay Sellers the amount of such excess, plus Interest.


More Definitions of Working Capital Ceiling

Working Capital Ceiling means $95,000,000. “Working Capital Floor” means $85,000,000.
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Working Capital Ceiling means $95,000,000.
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Working Capital Ceiling means $2,850,000 (Two Million Eight Hundred Fifty Thousand Dollars).
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Working Capital Ceiling means $7,000,000.
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Working Capital Ceiling means an amount equal to $212 million.
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Working Capital Ceiling means an amount equal to (i) the Working Capital Target plus (ii) the Working Capital Collar Amount.
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Related to Working Capital Ceiling

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • 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).

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

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

  • Working Capital Advance has the meaning specified in Section 2.01(a).

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

  • Working Capital Reserve means a cash reserve held in the Operating Account that is readily available to Manager during the Term to finance the services, repairs and maintenance described in Section 5.2 including Minor Capital Expenditures and Major Capital Expenditures, insurance premiums for the Property described in Section 9.1, and utilities for the Property, in such amounts as determined by the Owner in its sole discretion.

  • 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.

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

  • Base Working Capital means $25,000,000.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

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

  • Final Working Capital has the meaning set forth in Section 2.04(b).

  • Working Capital Target means $0.

  • 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.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

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

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • 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.

  • Target Working Capital Amount means $75,000,000.

  • 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.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • Target Working Capital means $0.