Common use of Operating Cash Clause in Contracts

Operating Cash. Seller agrees to cause there to be cash in the Business at Closing held in accounts reasonably designated in writing by Buyer no later than five (5) days prior to the Closing and located in the United States or Belgium in the amount of not less than Five Million Dollars ($5,000,000).

Appears in 2 contracts

Sources: Agreement for Sale and Purchase of Assets (Noveon Inc), Agreement for Sale and Purchase of Assets (Goodrich B F Co)