Cash Offsets definition
Cash Offsets means the amount of any deferred revenue, customer deposits, advance payments and similar amounts as of the Effective Time.
Cash Offsets means the amount of any deferred revenue, customer deposits, advance payments and similar amounts as of the Effective
Examples of Cash Offsets in a sentence
For the avoidance of doubt, no item shall be double counted in the calculation of Net Working Capital, Accounts Receivable, Prepaid Expenses, Accounts Payable, Accrued Expenses, Cash, Cash Offsets, Indebtedness or Company Transaction Expenses.
Any payment owed pursuant to this Section 1.3(b)(iv) (such payment, the “Purchase Price Adjustment”) will be paid within five (5) Business Days after the Final Net Working Capital, Final Accounts Receivable, Final Prepaid Expenses, Final Accounts Payable, Final Accrued Expenses, Final Cash, Final Cash Offsets, Final Company Transaction Expenses and Final Indebtedness are agreed to pursuant to Section 1.3(b)(iii)(A), in accordance with this Section 1.3(b)(iv).