Working Cash definition

Working Cash means the sum of $1,500 representing the estimated average daily opening cash balance at each Restaurant.
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Working Cash. ® Sweep Rider shall mean the Working Cash®, Line of Credit, Investment Sweep Rider, dated as of the Closing Date, by and among the Borrower and PNC.
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Working Cash means the sum of $1,500 representing the estimated average daily opening cash balance at each Restaurant. 1.2 Interpretation. Any reference in this Agreement to a statute shall be to such statute, as amended from time to time prior to the date hereof, and to the rules and regulations promulgated thereunder prior to the date hereof. Any reference to any agreement, document or instrument means such agreement, document or instrument as amended or otherwise modified from time to time in accordance with its terms. Unless the context otherwise requires, (1) all references made in this Agreement to a Section, Schedule or an Exhibit are to a Section, Schedule or an Exhibit of or to this Agreement, (2) “or” is disjunctive but not necessarily exclusive, (3) “will” shall be deemed to have the same meaning as the word “shall” and (4) words in the singular include the plural and vice versa. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation,” whether or not so followed. The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof.
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Examples of Working Cash in a sentence

  • Unassigned Fund Balance amounts are shown in the financial statements as Unreserved Fund Balances in the Educational, Operations and Maintenance, and Working Cash Funds.

  • Other Working Cash Fund Limitations Section 20-6 of the Illinois School Code (105 ILCS 5/20-6) contains strong penalties for any member of a school board or any other person holding any office, trust, or employment under a school district who is found guilty of willful violation of any of the provisions of Article 20 (the Working Cash Fund).

  • Further limitations to the Working Cash Fund are included in the Tax Anticipation Note Act (50 ILCS 420/0.01).

  • Section 20-8 of the Illinois School Code (105 ILCS 5/20-8) permits a district to abolish its Working Cash Fund and to transfer the balance of the fund to the Educational Fund.

  • Issue SGV Direct SGV Rebuttal DRA Report Difference Settlement Working Cash Allowance – TY 2012-2013 $3,284,225 $3,284,225 $718,690 $2,565,535 $1,600,000 TY 2013-2014 $3,626,467 $3,626,467 $718,690 $2,907,777 $1,600,000 REFERENCES: Exhibit SG-3 (Batt), pp.

  • It shall be the duty of the clerk or secretary of the unit of government, annually, not less than 30 days prior to the tax extension date, to certify to the county clerk the amount of money borrowed from the Working Cash Fund to be reimbursed from the specific tax levy.

  • On November 4, 1986, the voters of the district defeated a tax increase proposal of $.60 for the Educational Fund by a vote of 373 Yes to 1129 No. On November 3, 1987 the voters defeated a tax increase proposal of $.60 for the Educational Fund by a vote of 418 Yes and 875 No. On November 8, 1988, the voters approved by a vote of 1019 Yes and 685 No the issuance of Working Cash Fund Bonds in the amount of $270,000.00 to be amortized over a three year period.

  • RESOLUTION: San Gabriel and DRA agree that an estimate of Working Cash of $1,600,000 for the Test Year and Escalation Years would be reasonable in the context of a broader resolution of capital investment forecasts.

  • The General Fund consists of the Educational Account, Operations and Maintenance Account, and the Working Cash Account that are legally mandated by the State of Illinois.

  • The Working Cash Account is for the financial resources held by the District to be used as temporary interfund loans for working capital requirements.


More Definitions of Working Cash

Working Cash means cash or cash equivalents held by the Company or the Subsidiary but excluding cash or cash equivalents (a) that are legally or contractually restricted from distribution or use and (b) to the extent arising from a prepayment for which the Closing Financial Statements do not show a corresponding Current Liability. This First Amendment to Membership Interest Purchase Agreement (the “First Amendment”), dated as of February 9, 2010, is entered into by and between Mowood, LLC, a Delaware limited liability company (the “Seller”), and Landfill Energy Systems LLC, a Delaware limited liability company (the “Purchaser”).
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Related to Working Cash

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

  • 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 $1,000,000.

  • 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.

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

  • Estimated Working Capital Adjustment has the meaning given that term in Section 2.04(a).

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.

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

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

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • 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.

  • 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 Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

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

  • 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.

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

  • Working Capital Target means $0.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Consolidated Working Capital means, as at any date of determination, the excess of Consolidated Current Assets over Consolidated Current Liabilities.

  • Target Net Working Capital Amount means an amount equal to $23,085,000.00.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

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

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.