Effective Date Cash Amount definition
Effective Date Cash Amount means two hundred twenty-five million U.S. dollars ($225,000,000) in immediately available funds.
Effective Date Cash Amount means the Debtor’s aggregate amount of Cash on hand as of the Effective Date, to be determined following (a) payment of Allowed Administrative Claims, Allowed Priority Tax Claims, Allowed Secured Claims, and Allowed Other Priority Claims; and (b) funding of the Professional Fee Reserve.
Effective Date Cash Amount means Fortive’s good faith calculation of the amount of Cash Equivalents of the Vontier Group as of the Effective Time (after giving effect to the payment by Vontier of the Consideration to Fortive pursuant to Section 2.13(b)).
Examples of Effective Date Cash Amount in a sentence
On the Effective Date, EIX shall pay the Effective Date Cash Amount to the Reorganization Trust by wire transfer of immediately available funds.
The calculation of the Effective Date Cash Amount shall be made by Fortive in good faith and shall be final and binding on Vontier.
If payment is required to be made by Fortive in accordance with Section 2.13(c)(i)(2)(B), Fortive shall, within five (5) Business Days after the determination of the Effective Date Cash Amount pursuant to this Section 2.13, make payment to Vontier by wire transfer in immediately available funds of the amount payable by Fortive in an amount equal to the Cash Adjustment.
More Definitions of Effective Date Cash Amount
Effective Date Cash Amount means an amount of Cash, as determined by the Debtors and which is acceptable to the DIP Agent and the Prepetition Agent, sufficient to fund the Administrative and Priority Claims Reserve, the Professional Fee Reserve, and the Wind-Down Amount.