Closing Amounts definition
Examples of Closing Amounts in a sentence
The Payment Fund shall not be used for any purpose other than to pay the aggregate Closing Amounts in the Offer and the Merger.
Buyer shall cause the full amount of any cash refund received by Company for returns submitted prior to the Closing Date and received subsequent to Closing to be considered for the benefit of the Sellers in the calculation of the Closing Net Working Capital for purposes of the determination of the Final Closing Amounts.
The amount of the ERC received after the Closing shall be included for the benefit of the Sellers in the calculation of the Closing Net Working Capital for the determination of the Final Closing Amounts.
If for any reason the Exchange Fund is inadequate to pay the aggregate Closing Amounts to which holders of Shares shall be entitled under Section 2.1(c), Parent shall promptly deposit or cause the Surviving Corporation promptly to deposit additional cash with the Paying Agent sufficient to make all payments of aggregate Closing Amounts, and Parent and the Surviving Corporation shall in any event be liable for payment thereof.
Parent shall cause the Surviving Corporation to provide to the Paying Agent on a timely basis, promptly (in any event no later than the immediately following business day) after the Effective Time, and as and when needed after the Effective Time, cash necessary to pay the aggregate Closing Amounts for the Shares converted in the Merger into the right to receive the Merger Consideration (such cash being hereinafter referred to as the “Exchange Fund”).