Working Capital Determination Date definition

Working Capital Determination Date has the meaning set forth in Section 4.3(c).
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Working Capital Determination Date. The fees, costs, and expenses of the Independent Accounting Firm engaged pursuant to this Section 1.3(c) shall be borne by (1) Buyer in the proportion that the aggregate dollar amount of the Disputed Items resolved in favor of Elite and the Physicians’ Representatives (as finally determined by the Independent Accounting Firm) bears to the aggregate dollar amount of all such Disputed Items so-submitted and (2) the Sellers in the proportion that the aggregate dollar amount of the Disputed Items resolved in favor of Buyer (as finally determined by the Independent Accounting Firm) bears to the aggregate dollar amount of all such Disputed Items so-submitted.
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Working Capital Determination Date shall have the meaning specified in Section 2.3(d).
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Examples of Working Capital Determination Date in a sentence

  • Within twenty (20) Business Days after the later of the Acquired Cash Determination Date and Working Capital Determination Date, Buyer shall deliver to Seller a schedule (an “Allocation Schedule”) allocating the Purchase Price among the Purchased Assets in accordance with section 1060 of the Code and the methodologies set forth on Exhibit A hereto.

  • The payment of the Holdback amount, plus any Working Capital Increase less any Working Capital Decrease (the "Post Closing Adjustment") shall be paid or made within 10 Business Days following the Working Capital Determination Date, in accordance with Section 2.10(b) hereof.

  • If the Estimated Yorkshire Net Cash and Working Capital exceeds the Yorkshire Net Cash and Working Capital, then Innogy shall pay to Northern, in immediately available funds, an additional amount equal to the whole of the deficit of the Yorkshire Net Cash and Working Capital to the Estimated Yorkshire Net Cash and Working Capital, in either case such payments to be made, subject to Clause 8.3, on the day falling 10 Business Days after the Working Capital Determination Date.

  • Upon the Working Capital Determination Date, to the extent any portion of the Working Capital Cash Holdback is retained by Buyer, Buyer shall also retain a pro rata share of the interest earned on the Working Capital Cash Holdback to such date, and to the extent that any portion of the Working Capital Cash Holdback is paid to Sellers, Sellers shall receive a pro rata share of the interest earned on the Working Capital Cash Holdback to such date.


More Definitions of Working Capital Determination Date

Working Capital Determination Date means the date on which the Working Capital Statement (or part thereof, as applicable) is agreed by the Vendor and the Purchaser or, if disputed, finally determined pursuant to Clause 7.2; and
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Working Capital Determination Date means the date on which the determination of the Final Working Capital (as defined in the Term Loan Amendment Agreement) is made in accordance with the Term Loan Amendment Agreement.
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Working Capital Determination Date means (i) with respect to the first three quarters of its fiscal year, the date of delivery of unaudited financial statements in accordance with Section 5.1(A)(i)(b) and (ii) with respect to the fourth fiscal quarter of its fiscal year, the date of delivery of audited financial statements in accordance with Section 5.1(A)(i)(a).
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Working Capital Determination Date means the date on which the Working Capital Amount is finally agreed or determined pursuant to Schedule 3. WORKING CAPITAL STATEMENT shall have the meaning set out in Schedule 3. --------------------------------------------------------------------------------
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Working Capital Determination Date has the meaning set forth in Section 2.05(e)(ii). “Working Capital Estimate Certificate” has the meaning set forth in Section 2.05(b). “Working Capital Objection” has the meaning set forth in Section 2.05(e)(i). “Working Capital Objection Deadline” has the meaning set forth in Section 2.05(e)(i). “Working Capital Shortfall Amount” has the meaning set forth in Section 2.05(a). “Working Capital Surplus Amount” has the meaning set forth in Section 2.05(a). “Working Capital Target” has the meaning set forth in Section 2.05(a). ARTICLE 2
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Related to Working Capital Determination Date

  • 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.

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

  • Consolidated Working Capital Adjustment means, for any period of determination on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

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

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;

  • 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 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).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

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

  • 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.

  • Working Capital Target means $0.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Target Net Working Capital Amount means $5,000,000.

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

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

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.

  • Net Working Capital Target means $0.00.

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

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • 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.

  • Initial determination means the first child custody determination concerning a particular child.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

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