Pre-Closing Cash definition

Pre-Closing Cash means cash held by the Manager immediately prior to the Closing, which shall (i) include the cash received as a result of the payment of the Accrued Management Fee and (ii) exclude cash whose use is restricted (e.g., an amount of cash necessary to settle liabilities, cash posted as reserves for insurance coverage, cash posted as collateral for letters of credit, cash deposited to secure utility service or payments, and cash deposits received from prospective or actual lessees).

Pre-Closing Cash means all cash and cash equivalents received by the Company or its Subsidiaries on or prior to the Effective Date plus all cash and cash equivalents received by the Company or its Subsidiaries prior to July 31, 2011 pursuant to contracts or other legally binding arrangements in effect on the Effective Date; provided that the amount of Pre-Closing Cash with respect to any Distribution shall be calculated in accordance with the example set forth in Schedule 4.5(a).

Pre-Closing Cash shall have the meaning set forth in Section 2.2(d) hereof.

Examples of Pre-Closing Cash in a sentence

• Except for the Pre-Closing Cash, immediately following the Closing, the REIT will have all of the assets necessary for the REIT to provide the services provided as of the Effective Date by the Manager to the REIT under the Advisory Agreements, in substantially the same manner as such Business is being conducted and such services are being provided as of the Effective Date.

• Qorus will establish the Cash Reserve provided for in Section 4.23 in an amount equal to the monetary obligations of Qorus in respect of all unpaid accounts payable and accrued expenses of Qorus as of Closing (other than under the Financial Advisory Agreement) (collectively, the "Pre-Closing Cash Obligations").

• Zig Zag Advanced Pavement Markings at Marked Foot crossings (TD 92/43) AGREEMENTS WITH PUBLIC UTILITIES/STATE GOVERNMENTS1.

• Century will establish the Cash Reserve provided for in Section 4.23 in an amount equal to the monetary obligations of Century prior to Closing due to the Transfer Agent, pursuant to Century Contracts disclosed under Section 4.19 (other than the Financial Advisory Agreement) and in respect of all unpaid accounts payable and accrued expenses of Century as of Closing (collectively, the "Pre-Closing Cash Obligations").

• Notwithstanding anything else in this Section 4.5 to the contrary, all Pre-Closing Cash, calculated in accordance with the example set forth in Schedule 4.5(a), shall be Distributed solely in accordance with this Section 4.5(a), and no Pre-Closing Cash shall be included in the calculation or determination of Distributable Value or Distributable Cash for purposes of Sections 4.5(b), 4.5(c), or 4.5(d).

• In Section 5.17 of the Merger Agreement, the words “, the Pre-Closing Cash Dividend Amount, and the beneficial interests in the Trust as further described on Schedule B” shall be replaced with the words “and the Pre-Closing Cash Dividend amount” and the words “; and provided further that the beneficial interests in the Trust shall not be part of the Pre-Closing Dividend if, prior to the Talos Cash Determination Date, Talos sells or otherwise disposes of the NNR Assets” shall be deleted.

• Upon Closing, to the extent not satisfied by Century prior to or at Closing, the Pre-Closing Cash Obligations will be paid in full from the Cash Reserve.

• Upon the closing of the Capital Raise, to the extent not satisfied by FPM prior to the Closing, the Pre-Closing Cash Obligations will be paid from the proceeds of the Capital Raise.

• Following Closing, to the extent not satisfied by Qorus prior to or at Closing, the Pre-Closing Cash Obligations will be paid in full from the Cash Reserve; provided, however, that in the event the Cash Reserve is not sufficient to pay the Pre-Closing Cash Obligations, KRM Fund shall pay such Pre-Closing Cash Obligations which remain unpaid.

• All Pre-Closing Cash that, but for this Section 4.5(a), would be Distributed to the Members pursuant to Section 4.5(b), 4.5(c), or 4.5(d) shall be Distributed to the Class A Members, pro rata based on the number of Class A Units then held by each Class A Member as compared to the aggregate number of Class A Units then outstanding, at such times as such Pre-Closing Cash, but for this Section 4.5(a), would have been Distributed pursuant to Section 4.5(b), 4.5(c), or 4.5(d).

More Definitions of Pre-Closing Cash

Pre-Closing Cash shall have the meaning set forth in Section 2.6(a)(vi).

Pre-Closing Cash means the Target Cash and Cash Equivalents as of the Determination Time on September 30, 2020.

Pre-Closing Cash. Contribution” 5

Pre-Closing Cash has the meaning set forth in SECTION 7.14(A).

Pre-Closing Cash means $245,044.06.

Pre-Closing Cash has the meaning assigned to such term in Section 4.02(o).