Company Closing Cash definition

Company Closing Cash means the Cash of the Company Group determined as of the Calculation Time in accordance with GAAP, but excluding Cash restricted from use for a contractually specified purpose or used as collateral for, or otherwise to provide credit support for, any liabilities of any Person under any letter of credit or other Contract.

Company Closing Cash means the aggregate sum of the consolidated cash and cash equivalents of the Company and the Company Subsidiaries as of immediately prior to the Effective Time.

Company Closing Cash means the Cash held by the Company and its Subsidiaries as of the Effective Time (after giving effect to the Carve-Out Restructuring, but without giving effect to the JCA Contribution).

Examples of Company Closing Cash in a sentence

• Company Closing Cash shall be determined after giving effect to the matters contemplated in this Section.

• Notwithstanding anything herein to the contrary, Company Closing Cash Amount shall be calculated in accordance with the definition thereof on the basis of bank account information for the Paper Group and its Subsidiaries.

• Notwithstanding anything herein to the contrary, for the purpose of calculating Company Closing Cash Amount, Company Closing Net Working Capital and Buyer Closing Net Working Capital, Seller and the Buyer shall use applicable currency exchange rates to United States currency as in effect as of the close of business on the third Business Day prior to Closing, as reported in the The Wall Street Journal.

• The Company shall give reasonable consideration to any comments made by SPAC to its estimate of the Company Closing Cash, and the Company shall make the final determination of Company Closing Cash, acting reasonably.

• For purposes of this Agreement, the “Estimated Cash Amount” means an amount equal to (i) Forty-Five Million Dollars ($45,000,000); minus (ii) the Estimated Transaction Expenses; plus (iii) the amount (if any) by which Estimated Working Capital exceeds -$150,000; minus (iv) the amount (if any) by which -$150,000 exceeds the Estimated Working Capital plus (v) the Estimated Company Closing Cash.

More Definitions of Company Closing Cash

Company Closing Cash means, as of the Acceptance Date, cash, cash equivalents and marketable securities of the Company and its Subsidiaries (as such amounts are calculated and reflected in the balance sheet line items “Cash and Cash Equivalents” and “Marketable Securities” presented in the Company’s consolidated audited financial statements included in the Company SEC Reports).

Company Closing Cash means, as of the Closing Date, the Company’s cash and cash equivalents (including marketable securities and restricted cash) (as defined by and determined in accordance with U.S. GAAP); provided that Company Closing Cash shall not include any amounts held for the benefit of a Person that is not the Company.

Company Closing Cash means the total amount of cash assets of the Company and its Subsidiaries (including cash in the bank accounts of the Company and its Subsidiaries) as of the Closing as set forth on the line item “cash and cash equivalents” on the Closing Balance Sheet and as calculated in accordance with GAAP. For the avoidance of doubt, no amount of “restricted cash” shall constitute Company Closing Cash.

Company Closing Cash means, as of immediately prior to Closing, the Company’s and the Company Subsidiaries’ cash and cash equivalents (excluding Restricted Cash), marketable securities and the amounts of any received but uncleared checks, drafts and wires, as defined by and determined in accordance with GAAP and determined in a manner consistent with prior practice of the Company, but without giving effect to the transaction contemplated hereby.

Company Closing Cash means the aggregate amount of cash and cash equivalents of the Parent Acquired Companies on a combined basis as of the Measurement Time, calculated in accordance with GAAP; provided that “Company Closing Cash” (a) shall include uncleared checks for the account of the Parent Acquired Companies, (b) shall be calculated net of (i) any issued and uncleared checks or other outgoing deposits by the Parent Acquired Companies and (ii) any unpaid costs, expenses or Taxes that are payable in connection with the repatriation of any cash and cash equivalents of the Parent Acquired Companies in non-U.S. bank accounts and (c) shall exclude cash and cash equivalents that are not freely usable by the Parent Acquired Companies immediately following the Closing because they are subject to restrictions or limitations on use or distribution by Law or Contract.

Company Closing Cash means the Cash as of 11:59 p.m., Eastern Time, on the Closing Date.

Company Closing Cash means, as of the Closing Date, (a) the Company’s cash and cash equivalents (including marketable securities and restricted cash) (as defined by and determined in accordance with U.S. GAAP) and (b) the aggregate amount of the Stockholder Loans.