Common use of Closing Cash Clause in Contracts

Closing Cash. Seller agrees that as of immediately prior to the Closing, that (a) the Regulated Entities and their Subsidiaries taken as a whole shall hold in the aggregate Actual Cash equal to not less than their aggregate Closing Required Cash and (b) a Transferred Entity that is not a Regulated Entity, which will be mutually agreed upon at least 30 days prior to closing, to hold cash and liquid investments in an amount not less than $100 million.