Closing Merger Amount definition

Closing Merger Amount means (a) $15,000,000, minus (b) the Closing Administrative Payment, the Carve-Out Plan Payments, any Remaining Operational Cash and any Remaining Extension Cash, plus (c) all cash held by the Company as of the Closing Date (excluding the Remaining Tax Grant).
Closing Merger Amount means the net amount of (i) $15,000,000; plus (ii) the Closing Date Cash; minus (iii) the amount, if any, by which the sum of (A) the aggregate Closing Date Company Transaction and Legal Expenses plus (B) the Estimated Assumed Company Closing Date Liabilities, exceeds $2,500,000; minus (iv) the amount, if any, by which the Closing Date Debt exceeds $5,500,000; minus (v) the Administrative Expense Payment; minus (vi) the Indemnification Escrow Amount.

Related to Closing Merger Amount