Average Net Working Capital definition

Average Net Working Capital means, as of the end of the performance period, the average of the last four quarter end balances for each of (i) receivables, as reported, less the portion of accrued liabilities representing trade allowance, plus (ii) inventories, as reported, minus (iii) accounts payable.
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Average Net Working Capital means, with reference to any given date, the average of the 12 Net Working Capital amounts as of the last day of each of the 12 calendar months preceding such date, determined in accordance with the Calculation Rules set forth in Schedule 1.1(a)(i).
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Average Net Working Capital means a 13 month average of net working capital for the division. The 13 months used are the 12 months during the Award Period, plus the month of December 2005.
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Examples of Average Net Working Capital in a sentence

  • For purposes of this Agreement, “ROIC” shall mean the Company’s (i) Net Operating Profit for the Performance Period, divided by the sum of (ii) Average Net Working Capital for the four fiscal quarters during the Performance Period and (iii) Average Property, Plant and Equipment for the four fiscal quarters during the Performance Period, each as determined by the Administrator in a manner consistent with the Company’s financial statements.

  • The Provisional Purchase Price shall be adjusted, downwards or upwards, prior to the Closing in accordance with Section 2.3 based on the Closing Average Net Financial Debt, the Reference Closing Average Net Working Capital and the Closing Average Net Working Capital (the Provisional Purchase Price as subsequently so adjusted, the “Purchase Price”).

  • The ------------------ ------------------ preparation of the Closing Statement shall be for the sole purpose of determining the difference between the Net Working Capital on the Closing Date and the Average Net Working Capital.

  • The scope of such firm’s engagement (which shall not be an audit) shall be limited to the resolution of the items contained in the Notice of Disagreement, the Response Notice (if any) and the recalculation, if any, of the Final Adjustment Balance Sheet, the Final Average Net Working Capital, the Final Deferred Revenue Statement or the Final Average Deferred Revenue, as applicable, in accordance with GAAP and the Balance Sheet Rules in light of such resolution.

  • Any failure to deliver a valid Notice of Disagreement on or prior to the Notice of Disagreement Deadline shall constitute the Shareholder Representative’s approval of (i) the Final Average Net Working Capital as set forth in either the Final Adjustment Balance Sheet or the Final Statement of Net Working Capital and (ii) the Final Average Deferred Revenue, as set forth in the Final Deferred Revenue Statement.

  • Thereafter, Parent, Parent Americas and the Shareholder Representative shall attempt in good faith to resolve and finally determine the Final Adjustment Balance Sheet, the Final Average Net Working Capital, the Final Deferred Revenue Statement or the Final Average Deferred Revenue, as the case may be.

  • Below is - for illustrative purposes only - a calculation of the Adjustment Amount pursuant to Section 2.3(b) of the Agreement, prepared on the basis of the Reference Closing Average Net Financial Debt and examples of the Closing Average Net Financial Debt, the Reference Closing Average Net Working Capital and the Closing Average Net Working Capital.

  • Any such invoices not so paid by DM shall be paid upon and to the extent that Average Net Working Capital of DM is less than $18,000,000 (with the oldest of such invoices being paid first).

  • The Parties mutually acknowledge and agree that the Provisional Purchase Price has been determined on the assumptions that (x) the Closing Average Net Financial Debt will be equal to Euro 627 million (the “Reference Closing Average Net Financial Debt”) and (y) the Closing Average Net Working Capital will be equal to the Reference Closing Average Net Working Capital.


More Definitions of Average Net Working Capital

Average Net Working Capital for a Supply Year shall mean the Average Working Capital for such Supply Year less the average amount of Payables Extension Memos outstanding for such Supply Year and the term "Interest Factor" shall mean LIBOR (or any successor interest rate) at December 31 of the applicable Supply Year plus 2 1/2%. For the 1994 Supply Year, the "Cap" shall be $18,000,000. The Working Capital Plan for the 1994 Supply Year is attached hereto as Schedule 3.4(c). For the 1994 Supply Year, the parties acknowledge that DM will have an inventory of cans not supplied by Seller. DM shall provide Seller with an estimate (to be adjusted for actual and updated monthly) of such inventory as soon as possible (such cans being the "DM Inventory"). For purposes of calculating DM's Average Working Capital, DM Inventory shall not be used in the inventory of Cans used to calculate DM's Average Working Capital. However, the Working Capital Plan shall assume that DM Inventory by Container specification will be used to meet fill requirements before any such Container specification supplied by Seller is used. For all Supply Years other than the 1994 Supply Year, the Working Capital Plan shall assume the following: if all containers purchased by DM other than from Seller (as provided for herein) are expected to be used for a certain percent of the total fill requirements for such Supply Year, then each month's fill requirements for such Supply Year will be assumed to be met using such certain percent of such containers and the remaining percent using Cans supplied by Seller, unless DM can account for such container usage (excluding any containers purchased from PCP which shall be accounted for as provided above) to the reasonable satisfaction of Seller, in which case each month's fill requirements for such Supply Year will be assumed to be met in accordance with such accounting method.
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Average Net Working Capital is defined in Section 2.4(d).
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Average Net Working Capital means the quotient of (i) Net Working Capital, in each case, over the twelve (12) trailing full quarters of the Company during the Performance Period divided by (ii) twelve (12).
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Average Net Working Capital means a 13 month average of net working capital for the division. The 13 months used are the 12 months during the Award Period, plus the month of December 2004.
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Related to Average Net Working Capital

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

  • Target Net Working Capital means $0.

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

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

  • 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.