IP Cash definition

IP Cash means, as of a given time, an amount equal to (i) the aggregate amount of all cash and cash equivalents of the Company or any of its Subsidiaries, determined in accordance with GAAP, including all restricted cash segregated for seller proceeds to the extent such amounts are included in Seller Cash, and excluding (A) Seller Cash, (B) cash segregated for letters of credit relating to customer Contracts (other than short-term letters of credit) and (C) any other amounts that are contractually or otherwise restricted and not freely available to the Company for its use (it being agreed, however, that to the extent such an amount is included in Indebtedness (including any liabilities related to deposits or advance payments from buyers included in Indebtedness), the amount shall not be excluded from IP Cash pursuant to this clause (C), notwithstanding such restriction), plus (ii) to the extent not already reflected in cash and cash equivalents, all un-cleared deposits of the Company and its Subsidiaries outstanding less (iii) to the extent not already reflected in cash and cash equivalents all un-cleared checks or withdrawals of the Company and the Subsidiaries outstanding.

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Examples of IP Cash in a sentence

• Further, the Share Cash Purchase Price, the Asset Cash Purchase Price and the IP Cash Purchase Price, but not the Cash Purchase Price, may be adjusted based upon appraisals obtained by the Purchaser Parties for the Shares, the Purchased Assets and the Purchased Intellectual Property (the "Purchaser Appraisals").

• None None None Neos Therapeutics Commercial, LLC None None None Neos Therapeutics Brands, LLC None None None PharmaFab Texas, LLC None None None Neos Therapeutics, LP None None None (Lessor) Leasing Financial LLC (Lessor) (Lessor) ACTIVE/99933240.10 Lab equipment Leasehold improvements Computer equipment and s/w IP Cash ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ * Corporate offices Neos Therapeutics, LP Manufacturing equipment Lab equipment Computer equipment (certain pieces only) ▇▇▇▇ ▇.

• None None None Neos Therapeutics Commercial, LLC None None None Neos Therapeutics Brands, LLC None None None PharmaFab Texas, LLC None None None Neos Therapeutics, LP None None None (Lessor) Leasing Financial LLC (Lessor) (Lessor) Perfection Certificate US_141510786v3_333285-00127 9/29/2019 2:53 PM Computer equipment and s/w IP Cash * Corporate offices Neos Therapeutics, LP Manufacturing equipment Lab equipment Computer equipment (certain pieces only) ▇▇▇▇ ▇.