Register Cash definition

Register Cash means an amount of cash necessary to open each store of the Company and its Subsidiaries on the day after the Closing Date, determined by reference to the Company’s historical practices, which in any event shall not be less than $861,000 in the aggregate as of the July End Date.

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Register Cash means the "register” cash for each store of the Business in the amount set forth on Exhibit B.

Register Cash in an amount as is necessary to open the stores of the Business on the day after the Cut-Off Date (as defined in Section 4(a)), determined by reference to the historical practices of the Business.

Examples of Register Cash in a sentence

• After Closing, the Parties will make consistent use of such allocation, as adjusted to reflect any adjustments needed to remain consistent with Final Transferred Inventory, Final Register Cash and the Prepaid Items under Section 2.4(i) and the resulting adjustment to the Purchase Price, for all Tax and financial reporting purposes.

• The Register Cash shall be paid to the Seller at Closing and the Security Deposits shall be paid to the Seller on the date which is the sooner of (i) the Closing assuming delivery of the Landlord Consents (defined below); or (ii) within three (3) days of delivery by Seller of the Assignments of Leases reflecting the consent of each landlord with respect to the Leased Premises (the "Landlord Consents").

• The Transferred Inventory and Register Cash in the Statement will become final and binding upon the Parties (and become Final Transferred Inventory and Final Register Cash, respectively) 60 days after Sellers give the Statement to Buyer, unless Buyer gives written notice, in reasonable detail, of its disagreement (a “Notice of Disagreement”) to Sellers before the end of such 60-day period.

• Within 60 days after the Closing Date, Sellers will prepare and deliver to Buyer a statement (the “Statement”) setting forth, in reasonable detail, Sellers’ determination of Transferred Inventory and of the amount of Register Cash at the Effective Time.

• Without in any way limiting Seller’s rights under Section 6.10(c), Buyer and Seller will settle via wire transfer of immediately available funds within two business days after the parties reach agreement with respect thereto any variance from the Register Cash, together with interest thereon at the Agreed Rate, calculated on the basis of the number of days elapsed from the Cut-Off Date through but excluding the payment date.

More Definitions of Register Cash

Register Cash is defined in Section 1.1(a)(5).

Register Cash has the meaning set forth in Section 5.22.

Register Cash means the "register" cash for each store of the Business in the amount set forth in Exhibit G.

Register Cash shall have the meaning set forth in Section 2.1(b)(x).

Register Cash has the meaning set forth in Section 1.1(a)(i).

Register Cash at the Purchased Stores in an amount as is necessary to open the Purchased Stores on the day after the Closing Date, determined by reference to the historical practices of the Business, which in any event shall not be less than $1,000 in each of the Business’ stores (“Register Cash”);

Register Cash means, for each Acquired Location, cash in an amount equal to the amount set forth on Schedule 1.1(r).