Working Capital Payment definition

Working Capital Payment means the Franchise Payment Component calculated in accordance with paragraph 12.3 of Schedule 8.1A (Franchise Payments);

Working Capital Payment means (a) the sum of (i) Net Accounts Receivable, (ii) Inventory, (iii) Prepaid Expenses, (iv) cash or cash deposits, but only to the extent such cash or cash deposits constitute Acquired Assets, (v) Agreed Capital Expenditures and (vi) Post-Effective Date Expenses minus (b) the sum of (i) the Assumed Customer Deposits, (ii) the Tank Proration Amount and (iii) the Post-Effective Date Receipts; provided that, to the extent mutually agreed by Seller and Buyer, other items may be included in the calculation of the Working Capital Payment, it being the intent of the parties that to the extent that an item is included which would increase the Working Capital Payment such item would be deemed a Purchased Asset and to the extent that such item would decrease the Working Capital Payment such item would be deemed an Assumed Liability to the extent and amount of its inclusion.

Working Capital Payment means a payment in an amount equal to Net Working Capital.

Examples of Working Capital Payment in a sentence

• The value of the Working Capital Payment shall be calculated in accordance with paragraph 9.3.

• PADJ may be a positive or negative number.WCPmeans any Working Capital Payment to be made on that Reporting Period’s Payment Date.

• The Secretary of State shall pay to the Franchisee any Emergency Working Capital Payment in accordance with the timescales agreed or determined in accordance with paragraph 9.5.

• A Working Capital Payment shall become payable to the Franchisee as part of a Reporting Period’s Franchise Payment where the Forecast Closing Cash Position for the preceding Reporting Period is less than the Floor Cash Position.

• When, however, action is determined by character, the agent reliably exercises active power to favor a particular motive, and this exercise of active power forms the core of Reid’s account of freedom.Reid compares conflicting motives to “advocates pleading the opposite sides of a cause at the bar” (EAP, 4.4 217).22 The agent’s character may be compared to a bias of the judge.

More Definitions of Working Capital Payment

Working Capital Payment means a payment equal to the amount of Closing Net Working Capital as finally determined pursuant to Section 2.4. Purchase and Sale Agreement

Working Capital Payment. Working Capital Repayment" "Working Capital Shortfall"

Working Capital Payment means the Franchise Payment Component calculated in accordance

Working Capital Payment means Twenty Five Million Dollars ($25,000,000).

Working Capital Payment. The Purchaser shall use commercially reasonable efforts consistent with industry practices to collect the accounts receivables included in Working Capital. At all times until the Final Adjustment Date, Purchaser shall provide Seller, at no charge and to the extent available, read-only access to any and all of the Business’ affiliate network accounts, merchant accounts, and site analytics package (currently Google Analytics).

Working Capital Payment. Term Definition ---- ---------- "Year End Financials" Section 5.3.1.1

Working Capital Payment such sum as is calculated in accordance with the provisions of Schedule 8 and is payable either by the Buyer to the Sellers or the Sellers to the Buyer as the case may be.