Closing Company Cash definition

Closing Company Cash means, as of the Reference Time, the aggregate cash and cash equivalents of the Target Companies on hand or in bank accounts, including deposits in transit, minus the aggregate amount of outstanding and unpaid checks issued by or on behalf of the Target Companies as of such time.

Closing Company Cash means Company Cash as of the Effective Time but shall exclude any Cash used to pay down Company Indebtedness between the Effective Time and the Closing.

Closing Company Cash has the meaning set forth in Section 1.3(b).

Examples of Closing Company Cash in a sentence

• Prior to the Closing, Sellers shall effect actions by the German Company with respect to the management of its cash such that the Closing Company Cash would not reasonably be expected to be less than €5,000,000 or more than €7,000,000; provided that any such cash management actions shall be subject to Purchaser’s consent (not to be unreasonably withheld, conditioned or delayed).

• If the cost of the Tail Policy is paid in full prior to the Closing, 50% of such cost shall be accounted for (and borne by Acquirer) as an increase in amount of Closing Company Cash, and otherwise, to the extent unpaid as of the Closing, 50% of such cost shall be accounted for as a Transaction Expense hereunder.

• Paulette Anderson spoke of her support of the Nevada Clean Indoor Air Act and of her concern for her son’s health and support of enforcement activities of the Southern Nevada Health District.

• The NWC Target, Estimated NWC, Estimated Closing Company Cash, Estimated Indebtedness and Estimated Transaction Expenses are calculated in accordance with GAAP as applied by the Companies in connection with preparation of their 2022 audited financial statements.

• The Closing Statement shall include reasonably detailed schedules and supporting documentation indicating a calculation of the Closing Date Merger Consideration, the Closing Company Indebtedness, and the Closing Company Cash.

More Definitions of Closing Company Cash

Closing Company Cash means the amount of Company Cash as set forth in the Company Closing Financial Certificate.

Closing Company Cash means all Company Cash as of the Adjustment Calculation Time.

Closing Company Cash means the combined Cash balances of the Companies, as of the Adjustment Time, plus an amount equal to inbound wires in transit and checks presented by any of the Companies for deposit but not yet credited to deposit accounts and minus an amount equal to outbound wires in transit and checks written by any of the Companies that have not yet been presented for deposit; provided, however, that Closing Company Cash shall exclude (i) any Cash not freely usable because such amounts are subject to restrictions or limitations on use or distribution by Law, Contract or otherwise, and (ii) any amounts collateralizing outstanding letters of credit or performance under Contracts of the Companies.

Closing Company Cash means all cash and cash equivalents held by the Company and its Subsidiaries immediately prior to the Closing.

Closing Company Cash has the meaning set forth in Section 4.01(d).

Closing Company Cash means the amount of cash and cash equivalents of the Acquired Companies as of the Effective Time (disregarding any transactions involving the Acquired Companies effected by Purchaser on the Closing Date at or after the Closing and prior to the Effective Time).

Closing Company Cash means the actual amount of the Company’s Cash at Closing as reflected on the Closing Balance Sheet. “Closing Consideration” has the meaning set forth in Section 1.3.