Working Capital Excess Amount definition

Working Capital Excess Amount shall have the meaning ascribed to such term in Section 1.6(b) hereof. [SIGNATURE PAGES FOLLOW]
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Working Capital Excess Amount means, as of any relevant date of determination, the positive difference (if any) between the Working Capital Amount (Actual) and the Working Capital Amount (Normal).
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Working Capital Excess Amount means the amount by which the Closing Net Working Capital exceeds an amount equal to the Net Working Capital Target.
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Examples of Working Capital Excess Amount in a sentence

  • The Estimated Working Capital Excess Amount shall be paid by Buyer to Sellers in immediately available funds by wire transfer at Closing.

  • To the extent that the Estimated Net Working Capital results in an Estimated Working Capital Excess Amount, the Purchase Price to be paid at Closing will be increased on a dollar-for-dollar basis by the amount of such Working Capital Excess Amount.

  • The Working Capital Excess Amount shall be paid by Buyer to Sellers in immediately available funds by wire transfer.

  • The purchase price for the Initial Transferred Equity Interests shall be an amount in Dollars equal to the Base Amount, as adjusted by the Closing Cash Amount, the Closing Net Working Capital Excess Amount, the Closing Net Working Capital Deficiency Amount, the Closing Funded Indebtedness, and the Closing Transaction Related Expenses, in each case as applicable and in accordance with Sections 2.6 and 2.13.

  • Within one hundred and twenty (120) calendar days after the First Closing Date, the Buyer shall cause to be prepared and delivered to the Sellers Representative a statement (the “ Closing Statement”), setting forth the Closing Net Working Capital Amount, the Closing Net Working Capital Deficiency Amount (if any), the Closing Net Working Capital Excess Amount (if any), the Closing Cash Amount, the Closing Funded Indebtedness and the Closing Transaction Related Expenses and the components thereof.

  • OVG welcomes a conversation to review with the City common industry practices in the arena space based on OVG’s extensive experience, including how capital improvement funds are established and utilized.

  • To the extent the Final Net Working Capital is greater than the Target Net Working Capital Amount (such difference being herein referred to as the “ Final Net Working Capital Excess Amount ”), the Base Amount shall be increased by the amount of the Final Net Working Capital Excess Amount.

  • Notwithstanding the foregoing, if the Working Capital Excess Amount would become payable pursuant to subclause (i) of the immediately preceding sentence, such Working Capital Excess Amount shall first be (A) increased by the amount by which the Actual Net Working Capital exceeds $51,000,000, or (B) reduced by the amount by which $51,000,000 exceeds the Actual Net Working Capital.

  • Subject to Section 2.4(i), in the event the Closing Net Working Capital Statement contains a Closing Net Working Capital Excess Amount, then Buyer shall pay Shareholders’ Representative the Closing Net Working Capital Excess Amount and Buyer and Shareholders’ Representative shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release the Working Capital Escrow Amount to Shareholders’ Representative.

  • To the extent the Estimated Net Working Capital is greater than the Target Net Working Capital Amount (such difference being herein referred to as the “ Estimated Net Working Capital Excess Amount ”), the Base Amount shall be increased by the amount of the Estimated Net Working Capital Excess Amount.


More Definitions of Working Capital Excess Amount

Working Capital Excess Amount shall have the meaning set forth in Section 3.3.
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Working Capital Excess Amount means the difference (if any) between the Estimated Net Working Capital and the Target Working Capital if the Estimated Net Working Capital is greater than the Target Working Capital.
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Working Capital Excess Amount is defined in Section 2.5(d)(ii).
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Working Capital Excess Amount has the meaning set forth in Section 2.06(f).
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Related to Working Capital Excess Amount

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

  • Working Capital Escrow Amount means $500,000.

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • 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.

  • Net Working Capital Target means $0.00.

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

  • Consolidated Working Capital Adjustment means, for any period 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.

  • 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.

  • Target Net Working Capital Amount means $0.

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

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

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

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

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

  • Target Net Working Capital means $36,500,000.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

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

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • 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.

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Working Capital Shortfall means the amount by which the Anticipated Working Capital Amount exceeds Minimum Net Operating Working Capital.

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

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

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.