Allocation of Cash Sample Clauses

Allocation of Cash. Notwithstanding anything herein to the ------------------ contrary, but subject to Section 3.2 hereof, the consolidated aggregate cash held by Stream International and its Subsidiaries as of October 31, 1997, shall be allocated to the particular business (i.e., the CST Business, the MMI Business or the Stream International Business) that generated such cash, provided that the maximum amount allocated to CST pursuant to this sentence shall be $7,500,000, the maximum amount allocated to MMI pursuant to this sentence shall be $12,500,000 and the maximum amount allocated to Stream International pursuant to this sentence shall be $5,000,000 (such amounts are hereinafter referred to as the "Target Amounts"). If any business has generated cash in excess of its Target Amount, such excess shall be allocated to the other businesses, pro rata based on the ratio of their Target Amounts, until one of such businesses has been allocated its Target Amount. Any remaining excess shall be allocated to the remaining business until it has been allocated its Target Amount. If the consolidated aggregate cash held by Stream International and its Subsidiaries as of October 31, 1997 exceeds $25,000,000, the amount in excess of $25,000,000 shall be allocated 30% to CST, 50% to MMI and 20% to Stream International. Any cash generated after October 31, 1997 shall remain with the particular business (i.e., the CST Business, the MMI Business or the Stream International Business) that generated such cash; provided, however, that the proceeds received by Stream International pursuant to that certain Asset Purchase Agreement dated as of the date hereof between Stream International and X.X. Xxxxxxxxx Norwest, Inc. shall be allocated 40% to the MMI Business and 60% to the CST Business.
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Allocation of Cash. All cash resulting from the normal business operations of the Company and from a Capital Event shall be distributed among the Members in proportion to their Membership Interests at such times as the Members may agree.
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Allocation of Cash. Except as set forth in the Operating Budget and except for conversion of currencies in the ordinary course of business consistent with past practice, allocate or exchange existing or incoming cash from one currency to another currency (U.S. dollars, Euros and British pounds).
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Allocation of Cash. Notwithstanding any provision in this Agreement to the contrary, Buyer and Seller hereby agree that Seller shall be entitled to all cash and cash equivalents of the Company as of the Closing Date; provided, however, that Seller shall ensure that the Company has sufficient cash to cover any checks that may have been written by the Company prior to the Closing but not presented for payment prior to the Closing Date.
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Allocation of Cash. Election Shares 5 2.5 Allocation of Stock Election Shares 5 2.6 No Allocation 6 2.7 Computations 6 2.8 Cancellation of Shares 6
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Allocation of Cash. AR items forecasted need to have clear allocation instructions in Adapt/CMS/Excel. If unable to identify receipt of funds the goal is to get allocation instructions in 48 hours. Correct blocking (blocker 9) is required for longer outstanding items. After monthly unapplied cash reviews we expect immediate follow up where needed (48 hours after meeting). Meeting documents and data will be facilitated. Instructions are to be sent ASAP in the designated sheet. Make sure to send this to Xxxxxx and cc Martijn van Boxel. Prepare for unapplied cash meetings. Allocate according instructions from customer, avoid reconciliations.
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Related to Allocation of Cash

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • Transfer of Capital Accounts In the event all or a portion of an Interest in the Company is Transferred in accordance with the terms of the Articles of Organization and this Agreement, the transferee shall succeed to that portion of the Capital Account of the transferor which is allocable to the transferred Interest.

  • Maintenance of Capital Accounts The Company shall maintain a Capital Account for each Member on the books of the Company in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv) and, to the extent consistent with such provisions, the following provisions:

  • Allocation of Consideration (i) Subject to Subsection 2.2(d)(ii), the aggregate consideration payable to the Participating Investors and the selling Key Holder shall be allocated based on the number of shares of Capital Stock sold to the Prospective Transferee by each Participating Investor and the selling Key Holder as provided in Subsection 2.2(b), provided that if a Participating Investor wishes to sell Preferred Stock, the price set forth in the Proposed Transfer Notice shall be appropriately adjusted based on the conversion ratio of the Preferred Stock into Common Stock.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

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