Retained Cash shall have the meaning set forth in Section 2.1(b)(v).
Retained Cash means the amount of Cash in an amount to be agreed upon by Century and ML Media in writing and approved by the Bankruptcy Court for the purpose of administering and closing the Estate.
Retained Cash means cash, cash equivalents and short-term investments (as determined in accordance with GAAP) in the amount of US$130,000,000, denominated in U.S. Dollars, Renminbi or any combination thereof (subject to any reductions in respect of payments made pursuant to Section 5.01 (b)(ix)), and increased by the net cash, cash equivalents and short-term investments (as determined in accordance with GAAP) received by the Seller in connection with the sale or other transfer of any of the Excluded Businesses (i.e. net of any cash, cash equivalents and short-term investments (as determined in accordance with GAAP) transferred in connection with such sale or transfer). “Retained Cash” at the Closing may also include an additional amount of Renminbi to be used solely to purchase the Excluded Businesses not transferred to the Seller (or its designee) prior to the Closing, and any such purchase shall be completed within 3 months after the Closing, after which any such remaining amount not so used shall be transferred to an account designated by the Purchaser and will no longer be designated “Retained Cash”.
Examples of Retained Cash in a sentence
Further, on the Effective Date, in accordance with the terms of the Sellers Escrow Agreement, the Sellers Escrow Agent shall release to Century and ML Media or the Plan Administrator, if appointed, funds sufficient to fund the Plan Funding Reserve in an amount equal to the sum of (i) an amount sufficient to satisfy all Allowed Claims in full, (ii) the Disputed Claims Reserve, and (iii) the Retained Cash.
More Definitions of Retained Cash
Retained Cash at the Closing may also include an additional amount of Renminbi to be used solely to purchase the Excluded Businesses not transferred to the Seller (or its designee) prior to the Closing, and any such purchase shall be completed within 3 months after the Closing, after which any such remaining amount not so used shall be transferred to an account designated by the Purchaser and will no longer be designated “Retained Cash”.
Retained Cash means the aggregate of:
Retained Cash shall have the meaning ascribed to such term in Section 3.2 hereof.
Retained Cash means, at any time, an amount equal to the sum of (i) Net Cash Proceeds from issuance of Capital Stock, (ii) Realized Proceeds and (iii) the portion of Excess Cash Flow for any Fiscal Year, in each case of (i), (ii) and (iii) above that are not required to be applied to the repayment of the Loans pursuant to this Agreement or the redemption of the Public Notes pursuant to the Indenture.
Retained Cash has the meaning set forth in the Separation Agreement.
Retained Cash means cash held by or on behalf of Seller as of immediately prior to the Closing to the extent necessary to fund the distributions, escrows, or reserves required under the Acceptable Chapter 11 Plan.
Retained Cash means Cash in the amount equal to the Liabilities and Wind Down Costs plus (ii) subject in all respects to the Chapter 11 Plan, any accrued but unpaid fees and expenses, as of Closing, owed to a Professional or a professional advisor retained by the Term A Lenders pursuant to such Professional’s or professional’s engagement letter; provided, however, that the amount of Cash in clause (i) shall be reduced, on a dollar for dollar basis, by the amount of Liabilities and Wind Down Costs that are paid prior to the Closing; provided, further, that if and to the extent the allowed amount of Priority and Administrative Claims is less than the Liabilities and Wind Down Costs, such resulting excess Cash shall, notwithstanding anything to the contrary contained in this Agreement, constitute an Acquired Asset and shall be promptly transferred to Buyer.