Minimum Cash Requirements definition
Minimum Cash Requirements means, as of a particular time, the amount determined from time to time by the General Partner to meet the needs of the Partnership’s business.
Minimum Cash Requirements means the available cash of the Company, which shall be at least S$5,000,000 as at Completion, such amount includes: (i) an amount representing 50.0% of the transactional costs paid by the Company relating to the Proposed Acquisition and the related transactions contemplated in the SPA (“Transactional Costs”) paid by the Company; and (ii) any subscription amount paid by the Company for the subscription of the Target Convertible Notes which are not raised by the Company from the issuance of new Shares or convertible securities of the Company.
Examples of Minimum Cash Requirements in a sentence
Within thirty (30) days of the Closing Date, or as soon as practicable thereafter, BOL and/or its accountants shall review the records and accounts of the Company and to the extent that there was a deficiency in the Minimum Cash Requirement as of the Closing Date, the Stockholders shall pay the amount of such shortfall, in cash or other readily available funds to the Surviving Corporation within three (3) business days of the date of determination of the Minimum Cash Requirements.