Company Net Closing Balance definition

Company Net Closing Balance means the sum of the Company’s bank balances at the Effective Time (i) less the amount of any expenses of the Company, incurred either in the ordinary course of business or in relation to the Permitted Company Expenses, and accrued and unpaid at the Effective Time, and (ii) plus the amount of any Company Transaction Expenses incurred and paid prior to the Effective Time. For greater certainty, expenses in the ordinary course of business and Permitted Company Expenses shall exclude all fees and expenses payable to the Company’s directors, all Company Transaction Expenses, with the exception of the Permitted Company Expenses, and all amounts payable and amounts which will become payable prior to the Effective Time under the terms of the patent license agreement entered into by the Company;

Related to Company Net Closing Balance

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Preliminary Closing Balance Sheet shall have the meaning set forth in Section 2.3(c)(i).

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Original Closing Date means March 21, 2013.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Scheduled Closing Date Has the meaning specified in the NPA.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.