Cash Ceiling definition

Cash Ceiling means each of (i) $1,000,000 with respect to Cash held by Acquired Companies in the United States, (ii) $600,000 with respect to Cash held by Acquired Companies in Mexico, (iii) $200,000 with respect to any Cash held by Acquired Companies in Canada and (iv) $100,000 with respect to Cash held by Acquired Companies in Australia.
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Cash Ceiling shall equal (1) 19% of the sum of (w) the product of the Issuance Trading Price and the sum of the number of Parent Consideration Shares and the number of Earn-Out Shares issued to date (including the Parent Guarantee Shares), (x) the aggregate value of the Assumed Liability, (y) the aggregate value of the Excluded Assets, and (z) the cash to be issued pursuant to Cash Ceiling, less (2) the sum of (y) the aggregate value of the Assumed Liability and (z) the aggregate value of the Excluded Assets.
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Examples of Cash Ceiling in a sentence

  • The parties to this Agreement shall from time to time agree what the specified percentage of the Writer’s Contribution, what the specified percentage of the BBC’s Contribution, and what the Cash Ceiling shall be.

  • The Writer’s Contribution, the BBC’s Contribution and the Cash Ceiling currently agreed by the parties are set out below Writer’s Contribution - 5% of the Fee BBC’s Contribution - 7.5% of the Fee Cash Ceiling - £16,020 For the purposes of this Schedule “the Fee” shall include any amount for additional material as referred to in Clause 6.3 of this Agreement.

  • Cash deposits, including all accrued but unpaid interest, under the Cash Deposit Agreements will not be deemed Cash of RSP for purposes of determining whether the Cash Ceiling is satisfied.

  • On or before the Closing, Seller shall use its commercially reasonable efforts to sweep all Cash in excess of the Cash Ceiling in each jurisdiction listed in the definition of “Cash Ceiling” (“Excess Cash”) from each bank account of the Acquired Companies and distribute such Excess Cash to Seller.

Related to Cash Ceiling

  • Maximum Swingline Amount means $5,000,000.

  • Rate Ceiling The maximum per annum Mortgage Interest Rate permitted under the related Mortgage Note.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Ceiling Amount has the meaning assigned to such term in Section 9.10(a).