Related to Reasonable Working Capital
Base Working Capital means $25,000,000.
Estimated Working Capital has the meaning set forth in Section 2.3(a).
Final Working Capital has the meaning set forth in Section 2.4(b)(iii).
Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.
Actual Working Capital has the meaning set forth in Section 2.7(a).
Target Working Capital has the meaning set forth in Section 2.06(a)(ii).
Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Closing Date Working Capital has the meaning specified in Section 2.3(b).
Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).
Working Capital means Current Assets less Current Liabilities.
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.
Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).
Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.
Final Closing Working Capital has the meaning set forth in Section 2.5(d).
Closing Date Net Working Capital has the meaning specified in Section 3.4(a).
Closing Net Working Capital has the meaning set forth in Section 2.6(a).
Target Net Working Capital means $36,500,000.
Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.
Target Working Capital Amount means $162,000,000.
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).
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;
Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).
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.
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.
