Transfer of Cash and Cash Equivalents Sample Clauses

Transfer of Cash and Cash Equivalents. On or prior to the Closing, the Company and Seller will transfer, or cause to be distributed all cash and cash equivalents of the Company to, among other things, pay any fees owed by Company to brokers or advisors (including termination fees under any advisory agreement) and any indebtedness for borrowed money; provided, however, that the Company shall have an amount in cash in its corporate bank account and on hand at its store locations at the Closing that is equal to $1,075,000 in the aggregate.
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Transfer of Cash and Cash Equivalents. (a) Following the Closing, Sellers shall cooperate with New Kofile and New Spectrum, as may be requested thereby, (i) to transfer to New Kofile all cash and cash equivalents of Old Kofile that are on hand as of the Closing and (ii) to transfer to New Spectrum all cash and cash equivalents of Old Spectrum that are on hand as of the Closing. Cash and cash equivalents of Kofile GmbH that are on hand as of the Closing shall remain in the existing accounts of Kofile GmbH with financial institutions (the "Kofile GmbH Bank Accounts") or otherwise on hand. Cash and cash equivalents on hand as of the Closing includes (w) amounts reported by the financial institutions holding the Kofile Bank Accounts, the Spectrum Bank Accounts or the Kofile GmbH Bank Accounts, as the case may be, plus (x) deposits in transit as of the Closing to the Kofile Bank Accounts, the Spectrum Bank Accounts or the Kofile GmbH Bank Accounts, as the case may be, less (y) checks issued on the Kofile Bank Accounts, the Spectrum Bank Accounts or the Kofile GmbH Bank Accounts, as the case may be, on or before the Closing but not yet honored by the financial institutions holding such accounts, which will be honored post-Closing by New Kofile, New Spectrum or Kofile GmbH, respectively, plus (z) cash on hand that is held as pettx xxxh or otherwise (for either New Kofile, New Spectrum or Kofile GmbH, the "Closing Cash Balance").
Sample 1
Transfer of Cash and Cash Equivalents. On or prior to the Closing Date, the Seller shall (a) sweep, or cause to be swept, to accounts of ShopKo OpCo or Pamida OpCo funds in the bank accounts of the Company and its Subsidiaries (except for such amounts necessary to pay any outstanding checks for any accounts not able to be transferred prior to the Closing Date) and (b) transfer, or cause to be transferred, to ShopKo OpCo or Pamida OpCo all cash and cash equivalents of the Company and its Subsidiaries.
Sample 1
Transfer of Cash and Cash Equivalents. Subject to the terms and conditions contained herein, Seller will, as the Closing, transfer and deliver to Buyer all cash and cash equivalents of the Business.
Sample 1
Transfer of Cash and Cash Equivalents. At Closing and subject to the last sentence of this Section 6.4, the Company and Seller will transfer, or cause to be distributed all cash and cash equivalents of the Company to, among other things, pay any fees owed by Company to brokers or advisors (including termination fees under any advisory agreement) and extinguish any indebtedness for borrowed money, including approximately $60,000 in liabilities that are guaranteed by the Seller and described in Section 6.4 of the Disclosure Schedule. Notwithstanding the foregoing, the Company shall have an amount in cash in its corporate bank account at the Closing that is equal to at least $200,000 in the aggregate.
Sample 1
Transfer of Cash and Cash Equivalents. On or prior to the Closing, the Companies and Seller will transfer, or cause to be distributed all cash and cash equivalents of the Companies to pay any fees owed by Companies to brokers or advisors (including termination fees under any advisory agreement), any indebtedness for borrowed money and for such other purposes as determined by the Companies and Seller; provided, however, that the Companies shall have an amount in cash in its corporate bank account and on hand at the Closing, which shall remain with the Companies, that is equal to a minimum of $430,000 in the aggregate.”
Sample 1

Related to Transfer of Cash and Cash Equivalents

  • Cash Any U.S. dollars available to the Depositary resulting from a cash dividend or other cash distribution or the net proceeds of sales of any other distribution or portion thereof authorized in this paragraph (10) ("Cash"), on an averaged or other practicable basis, subject to (i) appropriate adjustments for taxes withheld, (ii) such distribution being impermissible or impracticable with respect to certain Holders, and (iii) deduction of the Depositary's expenses in (1) converting any foreign currency to U.S. dollars by sale or in such other manner as the Depositary may determine to the extent that it determines that such conversion may be made on a reasonable basis, (2) transferring foreign currency or U.S. dollars to the United States by such means as the Depositary may determine to the extent that it determines that such transfer may be made on a reasonable basis, (3) obtaining any approval or license of any governmental authority required for such conversion or transfer, which is obtainable at a reasonable cost and within a reasonable time and (4) making any sale by public or private means in any commercially reasonable manner. (b)

  • Cash Payments Merchant may not receive any payments from a Cardholder for charges included in any Transaction resulting from the use of any Card nor receive any payment from a Cardholder to prepare and present a Transaction for the purpose of affecting a deposit to the Cardholder's Card account.

  • Restriction on Sales of Capital Stock The Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Representative, it will not, for a period of 180 days after the date of this Agreement (the “Lock-Up Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; (ii) file or cause to be filed any registration statement with the Commission relating to the offering of any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; or (iii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of capital stock of the Company, whether any such transaction described in clause (i), (ii) or (iii) above is to be settled by delivery of shares of capital stock of the Company or such other securities, in cash or otherwise. The restrictions contained in this Section 3.18.1 shall not apply to (i) the shares of Common Stock to be sold hereunder, (ii) the issuance by the Company of shares of Common Stock upon the exercise of a stock option or warrant or the conversion of a security outstanding on the date hereof, of which the Representative has been advised in writing or (iii) the issuance by the Company of stock options or shares of capital stock of the Company under any equity compensation plan of the Company. Notwithstanding the foregoing, if (i) during the last 17 days of the Lock-Up Period, the Company issues an earnings release or material news or a material event relating to the Company occurs, or (ii) prior to the expiration of the Lock-Up Period, the Company announces that it will release earnings results or becomes aware that material news or a material event will occur during the 16-day period beginning on the last day of the Lock-Up Period, the restrictions imposed by this Section 3.18.1 shall continue to apply until the expiration of the 18-day period beginning on the issuance of the earnings release or the occurrence of such material news or material event, as applicable, unless the Representative waives, in writing, such extension; provided, however, that this extension of the Lock-Up Period shall not apply to the extent that FINRA has amended or repealed NASD Rule 2711(f)(4), or has otherwise provided written interpretive guidance regarding such rule, in each case, so as to eliminate the prohibition of any broker, dealer, or member of a national securities association from publishing or distributing any research report, with respect to the securities of an Emerging Growth Company prior to or after the expiration of any agreement between the broker, dealer, or member of a national securities association and the Emerging Growth Company or its shareholders that restricts or prohibits the sale of securities held by the Emerging Growth Company or its shareholders after the initial public offering date.

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