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 Working Capital Payment shall be paid to the owed party by wire transfer of immediately available funds to an account or accounts specified in writing by such party.

• For the avoidance of doubt, the inclusion of an obligation as an Assumed Liability as a result of its inclusion as a downward adjustment in the calculation of the Working Capital Payment means that such Assumed Liability is actually taken into account, included and specifically identified in the final calculation of the Working Capital Payment and in such event the amount of the Assumed Liability shall not exceed the amount actually used in such final calculation to determine the Working Capital Payment.

• In the event that (i) the Estimated Working Capital Payment exceeded the Working Capital Payment, Seller shall pay to Buyers by wire transfer in immediately available funds an amount equal to such difference, and (ii) the Working Capital Payment exceeded the Estimated Working Capital Payment, Buyers shall pay to Sellers by wire transfer in immediately available funds an amount equal to such difference.

• In the event that the November Working Capital Payment is not made in full, and Agent provided with evidence thereof, by November 30, 2010, Agent may direct the Escrow Agent to disburse an amount equal to the deficiency, up to $175,000, in accordance with Section 4.1(a) of the Escrow Agreement (the “November Deficiency Amount”).

• Within five Business Days of the date on which the last disputed item required to determine the Final Working Capital, Final Customer Advances Amount and the Final Capital Lease Amount is resolved pursuant to this Section 2.03, the Purchase Price shall be increased by the excess, if any, of the Final Working Capital Payment over the Estimated Working Capital Payment, or decreased by the excess, if any, of the Estimated Working Capital Payment over the Final Working Capital Payment.

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. Term Definition ---- ---------- "Year End Financials" Section 5.3.1.1

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

Working Capital Payment means the amount (subject to adjustment as contemplated in Section 2.7) equal to the lesser of: (i) the amount equal to the aggregate of the cash (excluding any amounts received by the Company during the Interim Period from the exercise of Company Options or cash received in respect of Tax Credits received prior to Closing) and Receivables of the Company less the Current Liabilities of the Company, all determined as of the Closing Date; and (ii) One Million Seven Hundred Thousand Dollars ($1,700,000).

Working Capital Payment means the sum to be paid by the Purchaser in accordance with clause 3.3;

Working Capital Payment any payment made by the Company or any of its Subsidiaries in respect of the Final Adjustment Amount (as defined in the Separation Agreement) pursuant to Section 2.10 of the Separation Agreement.

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).