Cash Amounts. The aggregate cash amount payable to any Company Equityholder pursuant to this Article II shall be rounded to the nearest whole cent ($0.01).
Cash Amounts. 8.1 So long as any part of the Indebtedness remains unpaid, the Company shall not be obliged to repay to the Client the whole or any part of the Cash Amounts and the Client shall not, be entitled to request, withdraw or demand any sums from or transfer, assign, charge or otherwise deal with the Cash Amounts unless otherwise agreed to by the Company.
Cash Amounts. Executive shall be entitled to receive his base salary for two and one-half years following the Effective Date, at the rate in effect immediately prior to the Effective Date, payable in accordance with the Trust’s normal payroll procedures (currently, in equal bi-weekly installments) commencing on the first payroll date following the Effective Date and continuing for such two and one-half year period. The Trust shall not be entitled to offset against such payments the amount of any compensation paid to or for the benefit of Executive during the severance period by any other employer. The consideration set forth in this Section 2(a) is not otherwise due to Executive. The Trust will provide the consideration to Executive in exchange for Executive’s agreements and promises set forth in this Agreement. Executive will not receive such consideration unless Executive signs this Agreement and does not revoke Executive’s acceptance of this Agreement during the seven (7) day period set forth in Section 9(b).
Cash Amounts. Total cash and cash equivalents of each Target Company as of the date hereof, including holding amounts owed to the clients of the Group, will remain with the Group except for the cash and cash equivalents spent in the ordinary course of business. For avoidance of doubt, cash and cash equivalents of the Group shall be calculated net of issued but un-cleared checks and drafts and net of any overdrawn accounts.
Cash Amounts. On July 3, 2007, or, except in the case of the payment set forth in Section 2(a)(iv) below (the "SECTION 2(A)(IV) PAYMENT"), the tenth business day following the Company's receipt of notice of the Executive's death, if earlier (the "PAYMENT DATE"), the Executive shall be entitled to receive the cash amounts set forth below (the "CASH AMOUNTS"), which shall be paid to the Executive from the Trust (as defined in Section 2(e)(i) below), together with income earned by the Trust thereon (other than income earned on the Section 2(a)(iv) Payment), in accordance with Section 2(e)(iii) and Section 2(e)(iv) below:
Cash Amounts. Until the second (2nd) anniversary of the Closing Date, Purchaser shall promptly pay to Seller any Restricted Cash held by the Purchased Consolidated Companies on the Closing Date and identified at Closing (“Closing Restricted Cash Balances”) to the extent such Closing Restricted Cash Balances remain cash or cash equivalents but no longer constitute Restricted Cash. Purchaser shall use its reasonable best efforts during such two (2) year period to cause any such Closing Restricted Cash Balances to cease being Restricted Cash and remain cash or cash equivalents. Seller shall use good faith efforts to minimize the Cash Amounts, as of the Closing, of the Purchased Consolidated Companies organized outside of the United States, subject to regulatory and operational requirements.
Cash Amounts. At the Effective Time MVG holds sufficient cash to permit the purchase of the MVG Options as may be required by Section 3.1(b) of the Plan of Arrangement, MVG U.S. holds a sufficient amount of cash as of the Effective Time to satisfy the maximum severance, termination and other amounts that may be payable pursuant to Section 0 hereof, and MVG together with the MVG Subsidiaries holds no less than an additional $10,500,000 in cash.
Cash Amounts. Executive shall receive a lump sum cash payment in the gross amount of $101,276.00 (One Hundred One Thousand, Two Hundred Seventy-Six Dollars) within 30 calendar days after the Release provisions in Section 8(b) become effective Executive acknowledges that the consideration set forth in this Section 2(a) is not otherwise due to him, and that the Trust is providing that consideration to Executive in exchange for Executive's agreements and promises set forth in this Agreement. Executive understands and acknowledges that he will not receive such consideration unless Executive signs this Agreement and does not revoke Executive's acceptance of this Agreement during the seven (7) day period set forth in Section 8(b)
