Examples of Company Closing Cash in a sentence
The “Calculated Amount” means (i) the Company Closing Cash, plus (ii) the Company Net Working Capital Surplus (if any), minus (iii) Company Closing Debt, minus (iv) and Company Net Working Capital Shortfall (if any).
Notwithstanding anything herein to the contrary, for the purpose of calculating Company Closing Cash Amount, Company Closing Net Working Capital and Buyer Closing Net Working Capital, Seller and the Buyer shall use applicable currency exchange rates to United States currency as in effect as of the close of business on the third Business Day prior to Closing, as reported in the The Wall Street Journal.
At Closing, the Company Closing Cash minus Company Indebtedness shall be at least$1,000,000.
Within 90 calendar days after the Closing Date, Parent shall deliver to the Representative a statement (the “Parent Post-Closing Statement”) setting forth in reasonable detail Parent’s calculation of the Company Closing Cash, Company Closing Debt, Company Net Working Capital Surplus (if any) and Company Net Working Capital Shortfall (if any) (the “Parent Post-Closing Calculation”).
Company Closing Cash shall be determined after giving effect to the matters contemplated in this Section.