Examples of Trapped Cash in a sentence
Within five (5) Business Days from receipt of such payments, the Seller shall pay to the Purchaser the amount that was taken into account in the Net Cash determination as for Trapped Cash.
The Purchaser shall use its reasonable efforts to pay to the Seller any amounts of Excess Trapped Cash in an amount as high as possible but in no event more than USD 5,000,000 (five million United States dollars) per financial year.
During the twenty-four (24) month period following the Closing Date, Buyer shall use commercially reasonable efforts to cause any such Trapped Cash to cease to be Trapped Cash.
If any cash within the Target Group which, at Completion, is Trapped Cash shall become available for application in prepayment of the Bridge Facility ("Free Cash"), Debtco (if it is the Principal Borrower) and Bidco 2 shall procure that within 5 Business Days of thereafter an amount equal to the Free Cash shall be applied in prepayment of the Bridge Facility.
No later than three (3) Business Days prior to the Closing Date, Seller shall deliver to Buyer a preliminary closing statement setting forth a good faith estimate of the Preliminary Net Working Capital, the Trapped Cash and any Indebtedness that will be assumed by Buyer or owed by the Acquired Companies at the Closing (the “Preliminary Closing Statement”).