Balance Sheet Cash Sample Clauses
The 'Balance Sheet Cash' clause defines how cash balances are identified and treated on a company's balance sheet for the purposes of a contract or transaction. Typically, this clause specifies which cash accounts are included, such as unrestricted cash, and may outline any exclusions, like restricted or pledged funds. By clearly delineating what constitutes 'cash' in financial statements, the clause ensures transparency and consistency in financial reporting, reducing the risk of disputes over the calculation of cash positions.
Balance Sheet Cash. The Company shall cause the balance sheet cash of the Company to be not less than $14,200,000 as of the Closing Date, after (i) giving effect to the payment of all expenses incurred by the Company and obligations of the Surviving Corporation in connection with this Agreement and the Merger and other transactions contemplated hereby, including but not limited to the payments that the Surviving Corporation is required to make in respect of all Company Stock Options and Company Phantom Stock Units pursuant to Section 2.07 and (ii) including all amounts expected to be received by the Company in connection with the disposition of any of the Company’s entities.
Balance Sheet Cash. As of the Effective Time, the Company and its Subsidiaries shall have no less than $500,000 of Balance Sheet Cash, after giving effect to any dividends or other distributions made to the Holders from the Distributable Amount, and Parent shall have received at the Closing the Company Closing Certificate certifying that the condition set forth in this Section 8.2(e) is satisfied.
Balance Sheet Cash. As the last day of each fiscal quarter of the Parent, the Borrowers shall maintain unrestricted cash on their consolidated balance sheet in an amount of at least $6,000,000 in the aggregate.
Balance Sheet Cash. After giving effect to the Transactions and all payments to be made in connection therewith, Borrower shall have on its balance sheet at least $20,000,000 in cash.
Balance Sheet Cash. After giving effect to the Transactions and all payments to be made in connection therewith, Borrower shall have on its balance sheet at least (i) $37,500,000 of net cash proceeds from the issuance of the New Notes and (ii) $20,000,000 in other existing cash.