Target Closing Cash Balance definition

Target Closing Cash Balance means an amount in cash equal to Six Hundred Eighty-Three Thousand Nine Hundred Thirty-Eight Dollars ($683,938).

Examples of Target Closing Cash Balance in a sentence

  • The Company has available cash in an amount equal to or in excess of the Target Closing Cash Balance.

  • If the Estimated Closing Cash Balance is less than the Target Closing Cash Balance, the difference between the Estimated Closing Cash Balance and the Target Closing Cash Balance (the “Cash Shortfall”) shall be subtracted from the Closing Date Cash Payment and, if the Cash Shortfall exceeds the Closing Date Cash Payment, the amount of the Cash Shortfall that exceeds the cash portion of the Purchase Price shall be subtracted from the aggregate principal balance of the Promissory Notes.

  • The Target Closing Cash Balance represents an amount of cash necessary to operate the Business as conducted by the Sellers prior to the Closing for a period of not less than sixty (60) days.

Related to Target Closing Cash Balance