Operating Cash. At Closing, the Company shall have not less than Ten Thousand Dollars ($10,000) in Acquired Company Cash.
Operating Cash. Seller agrees to cause there to be cash in the Business at Closing held in accounts reasonably designated in writing by Buyer no later than five (5) days prior to the Closing and located in the United States or Belgium in the amount of not less than Five Million Dollars ($5,000,000).
Operating Cash. All cash held by the Company, Santa Xxxxxx LP, Santa Xxxxxx GP, the Pool Companies, and the Facility Owners as of the Closing Date shall be distributed to Transferor at Closing. At Closing, after such distribution, Transferor shall fund in to the operating account of the TRS an amount equal to One Million, Five Hundred Thousand Dollars ($1,500,000.00) in the aggregate for purposes of working capital (the “Operating Cash Infusion”). In no event shall any portion or all of the Operating Cash Infusion be deemed to be part of the Transferor Contribution nor shall Transferor receive any capital account credit for such Operating Cash Infusion under the JV Agreement. Transferee acknowledges and agrees that from and after the Closing Date, to the extent not prohibited by the documents evidencing the Refinancing, (a) working capital will be held in operating accounts owned by the TRS and the Company and (b) FF&E reserves will be held in operating accounts owned by the Company. Transferor and Transferee agree that any such operating accounts may held at Keybank or such other bank or financial institution agreed to by Transferor and Transferee.
Operating Cash. All cash held by the applicable Facility Owners as of a Closing Date shall be distributed to Transferor at Closing. At each Closing, the Company shall fund in to the operating account for each Facility an amount equal to Fifty Thousand and No/100 Dollars ($50,000.00) for purposes of working capital (the “Operating Cash Infusion”). Transferee acknowledges and agrees that from and after the Pool One Closing Date, to the extent not prohibited by the documents evidencing the Refinancing, (a) working capital will be held in operating accounts owned by the TRS and the Company and (b) FF&E reserves will be held in operating accounts owned by the Company.
Operating Cash. Flow-Actual" for any period, Borrower's EBITDA less (A) all Capital ----------- Expenditures actually made by Borrower during such period not financed; and (B) any income or franchise taxes actually paid by Borrower.
Operating Cash. All cash held by Pool One LLC, Pool One GP and the Facility Owners (whether on hand or in bank accounts) as of the Closing Date shall be retained by Pool One LLC, Pool One GP and the Facility Owners, other than an amount equal to Six Hundred and Twenty Thousand and One Hundred Dollars ($620,100.00) which shall be distributed to Transferor at Closing.
Operating Cash. Seller covenants and agrees that as of the Closing, each store used in the Business shall have petty cash or other cash physically on hand in an amount sufficient at xxxx store for the conduct of the Business as presently conducted.
Operating Cash cash on hand at Borrowers’ retail locations and held in local cash accounts for such retail locations.
Operating Cash. The Company shall have a minimum of Four Hundred Thousand Dollars ($400,000) cash available in its bank account for operating expenses incurred after the Closing, exclusive of the purchase price for the Common Stock purchased hereunder.
