Closing Cash Amount definition

Closing Cash Amount has the meaning set forth in Section 2.2.
Closing Cash Amount shall have the meaning set forth in Section 3.1.
Closing Cash Amount means the amount of cash and cash equivalents held by the Company and the Company’s Subsidiaries, net of outstanding checks, as of the close of business on the day immediately preceding the Closing Date.

Examples of Closing Cash Amount in a sentence

  • The parties hereto acknowledge that the Purchase Price has been based, in part, on the Companies having the Target Net Working Capital and the Target Final Closing Cash Amount as of the Closing Date.

  • The Buyer shall on or before the Adjustment Date prepare in good faith and deliver to the Sellers’ Representatives a balance sheet reflecting the Closing Net Working Capital (and the Final Closing Cash Amount), which balance sheet will be prepared in accordance with the procedures described in the definition of Net Working Capital herein and shall not take into account the transactions contemplated hereby.


More Definitions of Closing Cash Amount

Closing Cash Amount has the meaning set forth in Section 4.03(c).
Closing Cash Amount means the amount of all unrestricted cash and cash equivalents of the Company and its Subsidiaries as of immediately prior to the Closing (including any checks and drafts deposited for the account of the Company or any of its Subsidiaries but net of any issued but uncleared wires, checks, drafts or money orders), in each case, determined in accordance with GAAP consistently applied.
Closing Cash Amount means the cash and cash equivalents of the Company that would be listed on the consolidated balance sheet of the Company dated as of the Closing Date (but immediately prior to giving effect to the consummation of the Contemplated Transactions) and prepared in accordance with GAAP.
Closing Cash Amount is defined in Section 1.2(a)(i).
Closing Cash Amount means all Cash held in the accounts of the Transferred Entities as of 11:59 p.m. Eastern Time on the Closing Date. The Closing Cash Amount shall be (x) reduced by the amount of any checks issued by a Transferred Entity on or before the Closing whether or not any such checks remain in the possession of a Transferred Entity on or before the Closing (with a corresponding adjustment to current liabilities, if any); (y) increased by the amount of any checks or wire transfers received by a Transferred Entity on or before the Closing whether or not they have been deposited or have cleared any bank holding procedures (with a corresponding adjustment to current assets, if any), provided such amounts have not already been reflected in the accounts of the Transferred Entities; and (z) adjusted to reflect the settlement of all intercompany accounts pursuant to Section 5.7.
Closing Cash Amount means all unrestricted cash on hand and cash equivalents of the Company that are immediately convertible into cash in accordance with GAAP calculated as of the Calculation Date. For purposes hereof, “Closing Cash Amount” shall be reduced by the aggregate balance of all outstanding checks as of the Calculation Date.
Closing Cash Amount means the amount of Cash as of the Calculation Time.