Examples of Minimum Closing Cash in a sentence
Assumes that 8,004,296 of GPAC’s outstanding public shares (being our estimate of the maximum number of public shares that could be redeemed in connection with the Business Combination in order to satisfy the Minimum Closing Cash Condition based on a per share redemption price of $10.15 per share) are redeemed in connection with the Business Combination.
To the extent the Minimum Closing Cash exceeds the Estimated Closing Cash, the Initial Purchase Price payable by the Buyer at Closing shall be decreased by the amount of such excess.
Newco shall have received (i) evidence, in form and substance reasonably satisfactory to Newco, that immediately prior to the Effective Time, the Company will hold Net Cash equal to at least the Minimum Closing Cash Amount, and (ii) a certificate signed on behalf of the Company by the Chief Financial Officer of the Company as to the amount of Net Cash of the Company as of such time.
A further decrease of $70.9 million was attributable to the closure of four Full-Line stores during Fiscal 2012.
The Seller shall use its best efforts to cause each Company to have, as of the Closing, an amount of Closing Cash at least equal to the Scheduled Minimum Closing Cash with respect to such Company.
We are grateful for the assistance of Kathleen Sullivan, Jennifer Rose, Laura Martinez, Joyce Noche, Manar Waheed, Nirupa Narayan, Allyson Mangalonzo, Emily Kite, and Alisha Lilly Sieminski.
The Amended Merger Agreement provides that, as soon as practicable following the satisfaction or waiver of the conditions to each party's obligation to consummate the Merger, MCN will be merged with and into Merger Sub, the separate corporate existence of MCN will cease, and Merger Sub will continue as the surviving corporation in the merger, operating as a wholly-owned subsidiary of DTE.
Parent shall also provide the Stockholders' Representative with copies of all work papers, books and records and other documents and data as was used to prepare the Closing Date Balance Sheet, Final Closing Date Working Capital, Final Closing Cash and Final Minimum Closing Cash and with access to, and the cooperation of, all relevant personnel.
Minimum Closing Cash Threshold” means, as of the Effective Date, Cash orCash Equivalents in the amount of not less than $27.5 million.
A-46 Section 5.25 SmarterKids Minimum Closing Cash........................