Working Capital

Working Capital. Shall mean the difference between the Company's current assets and the amount of the Company's liabilities reflected on the Completion Accounts or the Closing Working Capital Statement, as the case may be, it being understood that current assets shall consist of the following line items: stocks of tickets, collectible trade receivables, other, bank and cash on hand, and Client Funds and liabilities shall consist of the following line items: trade payables, Tax payable, unpaid governmental... charges, other current liabilities, and long term and other liabilities. View More

Working Capital. Means (a) current assets of the Company taken as a whole, minus (b) the current liabilities of the Company taken as a whole, in each case, calculated consistently with the methodology used in the Financial Statements; provided that Working Capital will exclude any amounts specifically included in Closing Date Debt and... Closing Date Cash but will include any accrued income tax liabilities of the Company during the Interim Period. View More

Working Capital. Current Assets less Current Liabilities.

Working Capital. The term "Working Capital" means, at any date of determination, the consolidated assets of the Company that are classified as current assets in accordance with GAAP, less the consolidated liabilities of the Company which are classified as current liabilities in accordance with GAAP.

Working Capital. Shall mean, as of any applicable date of determination, Current Assets less Current Liabilities.

Working Capital. Means, as of the date the same is being determined, the sum of Inventory and Accounts Receivable (other than Accounts Receivable which are older than ninety (90) days) less Accounts Payable.

Working Capital. Has the meaning given to it in the Purchase Agreement.

Working Capital. Means that amount which is equal to the excess of Current Assets over Current Liabilities.

Working Capital. Shall mean, as of any applicable date of determination, Current Assets less Current Liabilities. Any and all terms used in the foregoing definitions and elsewhere in this Agreement shall be construed and defined in accordance with the meaning and definition of such terms under and pursuant to the California Uniform Commercial Code (hereinafter referred to as the "Uniform Commercial Code") as amended, revised or replaced from time to time. Notwithstanding the foregoing, the parties intend that... the terms used herein which are defined in the Uniform Commercial Code have, at all times, the broadest and most inclusive meanings possible. Accordingly, if the Uniform Commercial Code shall in the future be amended or held by a court to define any term used herein more broadly or inclusively than the Uniform Commercial Code in effect on the date of this Agreement, then such term, as used herein, shall be given such broadened meaning. If the Uniform Commercial Code shall in the future be amended or held by a court to define any term used herein more narrowly, or less inclusively, than the Uniform Commercial Code 3 in effect on the date of this Agreement, such amendment or holding shall be disregarded in defining terms used in this Agreement. View More

Working Capital. Means, at any date, the excess of current assets of the Borrower and its Subsidiaries on such date (excluding cash and Cash Equivalents) over current liabilities of the Borrower and its Subsidiaries on such date (excluding current liabilities in respect to Indebtedness and current liabilities with respect to regulatory and litigation matters, which liabilities have been accrued for by the Borrower as regulatory and litigation reserves), all determined on a consolidated basis in accordance with... GAAP View More