Working Capital Contribution definition

Working Capital Contribution is defined in Section 3.4 hereof.
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Working Capital Contribution means the amount payable to the Company each Fiscal Year by each of the Members for the Company’s working capital requirements pursuant to Section 5.3.
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Working Capital Contribution shall have the meaning given to it in the Operating Agreement.
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Examples of Working Capital Contribution in a sentence

  • Any Working Capital Contribution as defined in Section 3.4 shall also be considered as a Capital Contribution and such contribution shall not result in a change to the Member Percentage of any Member.

  • Any failure to fund the Working Capital Contribution in strict accordance with such schedules shall be deemed to be a material breach of this Operating Agreement.

  • In the event that, prior to the Specified Date with respect to an Operating Subsidiary, equity is issued by such Operating Subsidiary to the Company or any of its other Subsidiaries in exchange for a Working Capital Contribution, the Company agrees that the equity will be in the form of additional securities (rather than in the form of a modification to the conversion price or other terms of existing securities held by the Company in such Operating Subsidiary).

  • Any disagreements between the Company and the Investor Representative (on behalf of the holders of such Subsidiary Stock Purchase Rights) concerning the value of any Working Capital Contribution (other than cash and marketable securities) or the other calculations provided for in this Section 1.3(b) shall be determined pursuant to the Dispute Resolution Mechanism.

  • To the extent that the value of such investments made by the Company (or any of its other Subsidiaries) following the Closing Date exceeds $5,000,000 in the aggregate with respect to an Operating Subsidiary, (the amount of any such excess, a "Working Capital Contribution"), such Operating Subsidiary may, in exchange for such Working Capital Contribution, issue debt or equity to the Company.

  • Upon approval of each Annual Budget, NBGV shall fund the Working Capital Contribution in accordance with the schedule outlined in each Annual Budget, including any amendments thereto, until the full Working Capital Contribution has been funded.

  • On the date hereof, Patriot and TPL shall each make an Initial Working Capital Contribution to the Company of Two Million Dollars ($2,000,000), for an aggregate Initial Working Capital Contribution of Four Million Dollars ($4,000,000).

  • After completion of the second Fiscal Year, the Board may elect to increase the Working Capital Contribution by up to five percent (5%) each Fiscal Year.

  • The Working Capital Contribution shall be paid to the Association and shall be used for operating expenses and other costs and expenses incurred by the Association pursuant to the terms of the Governing Documents and as determined by the Board.

  • The Working Capital Contribution shall be made pursuant to an “Annual Budget” adopted by the Managers in accordance with Section 3.7. Any contribution made by NGBV for working capital in excess of those amounts specified on Schedule A shall be considered a loan by NBGV to the Company subject to the provisions of Section 4.3(g).


More Definitions of Working Capital Contribution

Working Capital Contribution means $25,000,000 with respect to the Initial Closing and $0 at each subsequent Closing.
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Working Capital Contribution is defined in Section 2A.9(b)
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Working Capital Contribution means AppNet's post-Closing contribution to the capital of I33, of the amount set forth in and as such term is defined in Section 3.4.
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Working Capital Contribution has the meaning set forth in Section 4.01.
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Related to Working Capital Contribution

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Capital Contributions means, with respect to any Member, the amount of money (US Dollars) and the initial Gross Asset Value of any assets or property (other than money) contributed by the Member (or such Member’s predecessor in interest) to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752) with respect to the Units in the Company held or purchased by such Member, including additional Capital Contributions.

  • Initial Capital Contributions has the meaning set forth in Section 5.1.

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

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

  • Capital Contribution means any cash, cash equivalents or the Net Agreed Value of Contributed Property that a Partner contributes to the Partnership.

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

  • Unreturned Capital Contributions means all Capital Contributions made by a Class A Member less any returned capital.

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

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

  • 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.

  • Target Working Capital means $0.

  • 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.

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

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

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • 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.

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

  • 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.

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

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

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