Closing Cash on Hand definition

Closing Cash on Hand means the Cash on Hand as of the Measurement Time.

Closing Cash on Hand means the Cash on Hand as of the Effective Time; provided, that, for the avoidance of doubt, and without duplication, Closing Cash on Hand shall not include any Cash on Hand paid by the Acquired Companies to Seller or its Affiliates (other than the Acquired Companies) to effect the Intercompany Balance Payoff pursuant to Section 6.15(a) prior to the Effective Time.

Closing Cash on Hand means, as of the close of business on the Closing Date (without giving effect to the transactions contemplated hereby), the aggregate amount of Cash, as determined in accordance with the Accounting Principles, other than Trapped Cash; provided, however, notwithstanding the foregoing, Closing Cash on Hand shall (i) be reduced by the amount of any checks and drafts issued by Transferred Press Subsidiaries and uncleared by the bank as of close of business on the Closing Date, and (ii) shall include the amount of any checks and drafts received or deposited for the account of the Transferred Press Subsidiaries and not credited to the account of the relevant Transferred Press Subsidiary as of close of business on the Closing Date.

Examples of Closing Cash on Hand in a sentence

• The amounts of each of the Closing Company Transaction Expenses, the Closing Funded Indebtedness, the Closing Cash on Hand and the Closing Working Capital and the Net Adjustment Amount, in each case as finally determined pursuant to this Section 2.1, shall become final, binding and non-appealable on the Parties.

• The Estimated Closing Working Capital, the Estimated Closing Cash on Hand, the Estimated Closing Indebtedness, and the Estimated Closing Transaction Expenses will be included in the determination of the Closing Merger Consideration as set forth in Section 3.1(a) above.

• In the event the Gundersen Debt is paid in full, the Conti Debt shall be repaid (A) first, using the remaining Estimated Closing Cash on Hand and (B) thereafter, using the cash received from the Existing Bookings.

• At the Closing, the Buyer shall (A) pay in cash the aggregate amount of the Purchase Price which is equal to (i) the Base Amount minus (ii) the Estimated Closing Seller Transaction Expenses, (B) cause the Company to pay the Estimated Closing Cash on Hand to Mark Gundersen (“Gundersen”) and (C) pay in cash the balance, if any, of the Gundersen Debt to Gundersen, to the extent the Estimated Closing Cash on Hand is less than the Gundersen Debt (collectively, the “Closing Payment”).

• Prior to Closing, Sellers delivered to Buyer a statement (the “Estimated Closing Statement”) setting forth in reasonable detail estimates of (i) the Closing Cash on Hand (the “Estimated Closing Cash on Hand”), (ii) the Closing Seller Transaction Expenses (the “Estimated Closing Seller Transaction Expenses”), and (iii) the Closing Payment (defined below) (the “Estimated Closing Payment”).

More Definitions of Closing Cash on Hand

Closing Cash on Hand is defined in Section 2.1(c).

Closing Cash on Hand means the sum of (i) Cash-on-Hand of the Company Entities and Blocker as of the Adjustment Calculation Time, minus, (ii) any Cash-on-Hand of the Company Entities and Blocker distributed to any Seller (by way of dividend or otherwise) after the Adjustment Calculation Time and prior to the Closing.

Closing Cash on Hand means all outstanding Cash on Hand calculated as of immediately prior to the Closing.

Closing Cash on Hand means the Cash on Hand of the Acquired Companies as of 11:59 PM ET on the day immediately preceding the Closing Date.

Closing Cash on Hand means the aggregate amount of Cash-on-Hand as of the Adjustment Calculation Time.

Closing Cash on Hand means, with respect to the Acquired Companies, all cash, all cash equivalents and all marketable securities as of the close of business on the Closing Date determined in accordance with GAAP.

Closing Cash on Hand means the Cash on Hand as of the Measurement Time, as determined pursuant to Section 1.6(b).