Pre-Closing Cash Distribution. Prior to the Closing Date, the Manager shall declare and distribute to the Contributor, by wire transfer of immediately available funds, the Pre-Closing Cash (such distribution, the “Pre-Closing Cash Distribution”).
Pre-Closing Cash Distribution. Immediately prior to the Closing, Tesoro Petroleum Corporation shall cause Exploration to pay it an amount equal to the arithmetic mean of Seller's and Buyer's good faith estimates of the consolidated cash and cash equivalents (other than amounts in suspense accounts) of Exploration as of the Closing Date. Immediately prior to the Closing, Tesoro Gas Resources Company, Inc. shall cause Reserves to pay to it an amount equal to the arithmetic mean of Seller's and Buyer's good faith estimates of the consolidated cash and cash equivalents (other than amounts in suspense accounts) of Reserves as of the Closing Date.
Pre-Closing Cash Distribution. The Company Group Members shall not have distributed any cash other than as set forth on Schedule 7.16.
Pre-Closing Cash Distribution. Prior to the Closing Date, Manager Sub shall declare and distribute to the Contributors, in proportion to each Contributor’s Equity Interest in Manager Sub by wire transfer of immediately available funds, the Pre-Closing Cash (such distribution, the “Pre-Closing Cash Distribution”).
Pre-Closing Cash Distribution. The Parties acknowledge and agree that they intend to distribute, prior to the Closing in accordance with the Transaction Structure, the cash (other than Pxxxx Cash) from each of the Operators after a provision for or payment of or other appropriate arrangements for the payment of all applicable transaction costs of the Operators under or in connection with the transactions contemplated by the Transaction Structure.
Pre-Closing Cash Distribution. Seller and Bxxxx acknowledge and agree that prior to Closing, Seller will have caused the Company to distribute all of its cash held by the Company as of immediately prior to the Closing to Seller. Seller agrees to maintain at least $250,000 in accounts at its primary bank for a period of at least nine (9) months following Closing and will designate such cash as “restricted cash” in its financial statements that are publicly filed with the SEC.
Pre-Closing Cash Distribution. Immediately prior to the Closing, ----------------------------- Tesoro Gas Resources Company, Inc. shall cause Southeast to pay to it an amount equal to the arithmetic mean of Seller's and Buyer's good faith estimates of the consolidated cash and cash equivalents (other than amounts in suspense accounts) of Southeast as of the Closing Date.
Pre-Closing Cash Distribution. The parties acknowledge that at or before the Closing hereunder, the Companies and Subsidiaries will distribute all their available cash to the Sellers, subject to the following. In connection therewith the Management Sellers represent, warrant, covenant and agree as follows:
Pre-Closing Cash Distribution. Immediately prior to the Closing, ----------------------------- Tesoro Gas Resources Company, Inc. shall cause Grande to pay to it an amount equal to the arithmetic mean of Seller's and Buyer's good faith estimates of the consolidated cash and cash equivalents (other than amounts in suspense accounts) of Grande as of the Closing Date.
Pre-Closing Cash Distribution. Immediately prior to the Closing, ----------------------------- Tesoro Gas Resources Company, Inc. shall cause Reserves LLC to pay to it an amount equal to the arithmetic mean of Seller's and Buyer's good faith estimates of the consolidated cash and cash equivalents (other than amounts in suspense accounts) of Reserves LLC as of the Closing Date.
