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 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.

  • 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.

  • 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).

  • 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.

  • 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).

  • For purposes hereof, the "Contract Working Capital Contribution" shall mean the result obtained by multiplying (a) the total amount of revenue to be received under the Contract by (b) one minus the gross margin realized under the Contract (expressed as a percentage).

  • Note: Without the benefit of the Working Capital Contribution the payment would have been at the 125% Threshold Target giving a bonus payment of 18.75% f) The detailed Threshold Targets for each Division, subdivided into Business Units/Departments where appropriate, are set out in Appendices 1 to 15.

  • Cadiz shall have deposited into the Cash Account, as a Capital Contribution to Borrower, the Cadiz Working Capital Contribution Amount.

  • At each Closing, HoldCo shall immediately make a cash distribution to the Transferring Entities equal to the Bidder Contributed Cash (excluding the Working Capital Contribution) contributed at such Closing by Bidder Member, which distribution shall be apportioned among the Transferring Entities as set forth on Exhibit A-1 (which shall be delivered by Xxxxxxxx after the date hereof at each Closing).

  • The Working Capital Contribution shall be retained in OpCo for working capital and capital expenditure purposes.


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 has the meaning set forth in Section 4.01.
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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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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 3.01.

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

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • 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, as to each Member, the aggregate Capital Contributions made to the Company by such Member minus the aggregate distributions of such Capital Contributions made to such Member from the Company pursuant to Sections 3.2(b) and 6.2(a)(ii) hereof.

  • Working Capital Escrow Amount means $500,000.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • 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 has the meaning set forth in Section 2.06(a)(ii).

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close 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(c).

  • 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 the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Working Capital means Current Assets less Current Liabilities.

  • Target Working Capital Amount means $162,000,000.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

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

  • Working Capital Adjustment shall have the meaning set forth in Section 3.5(c)(i).

  • Working Capital Deficit means the amount by which the Net Working Capital is less than the Target Net Working Capital.