Common use of Closing Cash Clause in Contracts

Closing Cash. All cash held by ▇▇▇▇▇▇ ▇▇▇▇ immediately prior to the ------------ Closing ("Closing Cash") shall, during the time from the Closing until the date of the Purchase Price Adjustment (as defined in Section 1.2(c) of the NLA Purchase Agreement), be held in an interest bearing account with a national bank or lending institution reasonably approved by DoveBid and the Shareholders, and any interest earned on such Closing Cash shall be added to and considered a part of Cash (as defined under the NLA Purchase Agreement).