Working Capital Reduction definition

Working Capital Reduction shall have the meaning ascribed to such term in Section 2.2(b)(viii).
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Working Capital Reduction has the meaning set forth in Section 6.4 hereof.
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Working Capital Reduction equals the amount by which Working Capital as of the Closing Date is less than the Working Capital as of March 31, 2005; provided that such amount shall not exceed an aggregate amount equal to (i) $200,000 multiplied by the number of fully elapsed months during the period from March 31, 2005 through the Closing Date, plus (ii) in the event that the Closing Date does not end on the last day of a month, a fraction of $200,000 equal to the number of days that have elapsed through the Closing during the month in which Closing occurs divided by the number of total days in such month. Other capitalized terms defined elsewhere in this Agreement and not defined in this Section 1.1 shall have the meanings assigned to such terms in this Agreement.
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Examples of Working Capital Reduction in a sentence

  • For 2006, Strategic Focus Targets will generally include Overhead Reduction, Working Capital Reduction, Cost Reduction, Business Unit Operating Profit and other operational priorities.

  • As a result however of discussions with the Development Partners, it was agreed that the Infrastructure and Central Brent Riverside Park Reserved Matter Applications would be withdrawn prior to registration whilst their design was progressed further.

  • Subject to Section 2.2(b)(x), Sellers, severally and not jointly, pro rata in proportion to their Percentage Share, shall pay to Purchaser the amount of the Working Capital Reduction.

  • For 2003, Strategic Focus Targets will include Overhead Reduction, Working Capital Reduction, Cost Reduction, Customer Satisfaction and Business Unit Operating Profit.

  • Seller shall pay to Purchaser the amount of the Working Capital Reduction.

  • Any amount payable by Sellers pursuant to this Section 2.2 shall be equal to 50% of the Working Capital Reduction, which amount shall be paid by Sellers (pro rata in accordance to their Percentage Share).

  • Working Capital Reduction We have successfully implemented strategies to minimize inventory levels across all of our facilities to reduce working capital needs, especially given the impact of increased crude oil prices on inventories.

  • If the Shareholders’ Agent shall not have responded within such fifteen (15) calendar day period, the Shareholders’ Agent shall be deemed to have agreed with the Assumed Current Liabilities, the Accounts Receivable and the Working Capital Reduction set forth in the Post-Closing Asset/Liability Determination and any payment to Acquiror or Parent, as applicable, pursuant to Section 1.7(e) on the basis of such calculations.

  • Strategic Focus Targets will be measurable, verifiable and derived from the formal strategic planning process (e.g., Customer Satisfaction, Cost Reduction, Overhead Reduction and Working Capital Reduction).

  • The dollar value of the Working Capital Reduction or Working Capital Addition, as the case may be, is referred to as the "Working Capital Adjustment".


More Definitions of Working Capital Reduction

Working Capital Reduction means the Working Capital Adjustment Amount divided by the total number of Common Shares outstanding as of the Effective Time, except that the "Working Capital Reduction" shall mean zero (0) if the Final Working Capital Difference is greater or equal to the Initial Working Capital Difference.
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Working Capital Reduction means zero (0) if the Final Working Capital Difference is greater or equal to the Initial Working Capital Difference.
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Working Capital Reduction is defined in Section 2.5(a)(i).
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Working Capital Reduction has the meaning set forth in Section 2(c)(iii)(H).
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Working Capital Reduction set forth in Section 1.1 of the Asset Purchase Agreement shall be deleted in their entirety.
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Working Capital Reduction shall have the meaning set forth in Section 1.18(d).
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Related to Working Capital Reduction

  • 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.

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

  • 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 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.

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

  • Working Capital Target means $0.

  • 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).

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

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

  • 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.

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

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

  • 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.

  • 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.

  • Net Working Capital Target means $0.00.

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

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Working Capital means, with respect to the Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination minus Current Liabilities at such date of determination; provided, that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting.

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

  • Target Working Capital means $0.

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

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

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

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