Transfer of Cash. At the Closing, Seller shall deliver to the Purchaser a check payable to the order of the Purchaser in an amount equal to the Cash of Seller at the Closing on the Closing Date determined in accordance with Section 1.3.1.3.1.2 of this Agreement.
Transfer of Cash. On July 18, 2006, Alltel shall transfer cash to the general funds of Windstream Corporation as successor to Spinco in an amount sufficient to provide for the payment of the obligations and liabilities with respect to Spinco Employees and Spinco Individuals under the Executive Deferred Compensation Plan that are transferred to and assumed by the Spinco Executive Plan (assuming for purposes of calculating this amount only, that all benefits shall be payable in a single lump sum on the Distribution Date).
Transfer of Cash. Immediately prior to the Closing Date, Sellers shall be permitted to (a) sweep, or cause to be swept, to accounts of the Sellers collected funds in the bank accounts of the Company and the Company Subsidiary, and (b) transfer, or cause to be transferred, to the Sellers all Cash (it being understood that nothing in this Agreement shall require the Sellers to ensure or otherwise convey to Buyer any Cash at the Closing). For purposes of clarity, no sweep or transfer of Cash as contemplated by this Section 7.14 shall constitute, be deemed to constitute, or otherwise result in (i) a breach of any representation or warranty made by the Sellers under this Agreement (whether as of the date hereof or as brought down on and as of the Closing Date pursuant to Section 9.2(a)) or in any certificate delivered hereunder, (ii) a breach of any covenant set forth in this Agreement, or (iii) the failure of any condition to Closing provided in Article 9 hereof. For the avoidance of doubt, any dividend or other distribution of Cash by the Company, or any conversion of any asset of any Company Party that is not a current asset, shall not affect the Target Closing Working Capital or Sellers’ obligations under Section 2.4.
Transfer of Cash. On the 15th day of each calendar month during the Term and for the three calendar months following the end of the Term, (i) if the Current Month Settlement is a positive number, then LINN shall pay to Xxxxx via wire transfer into a Xxxxx-owned account the Current Month Settlement and (ii) if the Current Month Settlement is a negative number, then Xxxxx shall pay to LINN via wire transfer from a Xxxxx-owned account into a LINN owned account the Current Month Settlement.
Transfer of Cash. The State agency shall have controls to minimize the time elapsing between receipt of Fed- eral funds from the U.S. Department of Treasury and the disbursements of these funds for Program costs. In the Letter of Credit system, the State agency shall make drawdowns from the U.S. Department of Treasury’s Re- gional Disbursing Office as close as possible to the actual date that dis- bursement of funds is made. Advances made by the State agency to local agencies shall also conform to these same standards.
Transfer of Cash. Documents confirming the transfer of the cash to the Licensor as provided for in Section 2.
Transfer of Cash. On July 18, 2006, Alltel shall transfer cash to the general funds of Windstream Corporation as successor to Spinco in an amount sufficient to provide for the payment of the obligations and liabilities with respect to Spinco Individuals (except the individual employed by Alltel as of December 8, 2005) under the Benefit Restoration Plan that are transferred to and assumed by the Spinco Restoration Plan (assuming for purposes of calculating this amount only, that all benefits shall be payable in a single lump sum on May 31, 2006 and that, for the single lump sum with respect to the retirement benefits provided in Article V of the Benefit Restoration Plan, the lump sum is calculated as of January 1, 2006 (if not in pay status, based on such individual’s benefit payable as of his normal retirement date (as defined in the Benefit Restoration Plan)) using a 5.8% interest rate and the FAS No. 87 actuarial methods and assumptions included in Schedule IV, reduced by any payments made between January 1, 2006 and the Distribution Date).
Transfer of Cash. To help Successor and the Project plan for post transition operations, the parties will promptly work together to agree, by no later than DATE, upon a projected balance of the restricted fund established for the purposes of the Project (the “Restricted Fund”) that will be granted to Successor to support the Project. On or prior to the Transfer Date, Transferor will grant to Successor, and Successor will accept, all right, title, and interest in and to the assets in the Restricted Fund except for $[________] (the “Holdback Funds”), which will be held back for a period of three months (the “Holdback Period”) for the purpose of settling any liabilities and obligations associated with the Project that are billed to Sponsor, or of which Sponsor becomes aware, after the Transfer Date. At the end of the Holdback Period, the remaining amount of the Holdback Funds, if any, shall be transferred by Transferor to Successor along with a final accounting of the Restricted Fund closeout.
Transfer of Cash. The Administrative Agent shall have received evidence reasonably satisfactory to it that the Borrower and its Subsidiaries shall have transferred not less than $15,000,000 of cash from foreign deposit accounts not subject to Control Agreements to one or more deposit accounts located in the United States of America which are subject to a Control Agreement.
Transfer of Cash. (a) The Purchaser shall, within five Business Days after the date hereof, cause the Company to transfer to the Seller the cash balance credited on the bank accounts of the Company as of the close of business on the Business Day preceding the date hereof, excluding any amounts paid to the Company before the date hereof pursuant to Section 3.20(b), in full repayment of the portion of the Debt not transferred hereunder.
