Negative Cash Adjustment definition
Negative Cash Adjustment means the amount, if any, by which the Cash Target exceeds the Estimated Closing Cash Balance.
Negative Cash Adjustment means (a) zero, if the number of ITXC employees who are offered employment by eStara and who accept such employment prior to October 15, 2001 is equal to eight (8), or (b) $37,500 times the Negative Cash Adjustment Number, if the number of ITXC employees who are offered employment by eStara and who accept such employment prior to October 15, 2001 is less than eight (8).
Examples of Negative Cash Adjustment in a sentence
Any payment arising pursuant to this paragraph (the "Post-Closing Negative Cash Adjustment Amount") shall be made to such -------------------------------------------- account as the Surviving Corporation shall direct by written notice or delivered to the Parent at least 2 Business Days prior to the date any such payment is due.
Three hundred thousand dollars ($300,000) minus the Negative Cash Adjustment, if any, and plus the Positive Cash Adjustment, if any.
On or before October 15, 2001, eStara and Sellers shall mutually agree upon the Negative Cash Adjustment and Positive Cash Adjustment and shall give joint instructions to the Escrow Agent to disburse the Escrow Amount to the parties consistent with the terms of Section 1.1(a).