Cash Allocation. On or prior to the Distribution Date, any cash or cash equivalents, marketable securities, bank accounts, lock boxes and other deposit arrangements shall be allocated in accordance with Schedule 2.12.
Cash Allocation. The cash consideration will be allocated as follows:
(a) Lands and Leases: $15,000.00 TOTAL $15,000.00
Cash Allocation. (a) Process on the sales ledger all cash receipts
(i) Process and allocate to the appropriate sales debtor all payment receipts as supplied by the cashier's office within 48 hours (but always 100% by month-end close), to include accounting entries for bank charges and any exchange differences
(b) Control and reconcile unallocated cash account
(i) Reconcile debtor suspense and ensure balance is zero at the end of each month
(ii) Reconcile unallocated cash on a regular basis and ensure balance remains below 20,000 GBP
(iii) Inform FT Interactive (Europe) controllers when unidentified cash is received
Cash Allocation. The Aggregate Dollar Amount shall be payable to, or remitted to the applicable Tax authorities on behalf of, those MCOP Participants listed on the Closing Cash Allocation Schedule (in such amounts listed next to each MCOP Participant’s name) by the Buyer on the Closing Date in accordance with the instructions set forth on the Closing Cash Allocation Schedule, it being understood that an MCOP Participant may also be an Equityholder and the amounts listed on the Closing Cash Allocation Schedule are the aggregate amounts allocated to each such individual in both capacities.
Cash Allocation. Section 2.09. True-Up Net Debt; Intercompany Balance.....................14
Cash Allocation.
17.1 The Parties agree that Cash in the Target Group shall be allocated, retained, distributed or transferred to the Other Operations Entities prior to completion of the Restructuring, provided that:
17.1.1 the Brand Operations Entities shall be entitled to retain as at the end of 31 March 2021 an aggregate amount of HK$126 million in Cash (after and net of payment of any Taxes and costs incurred in connection with the transfer or distribution of any Cash pursuant to this Clause 17), with appropriate allocation amongst each Brand Operations Entity in order to meet each Brand Operations Entity's operating working capital requirements. Any costs and expenses incurred in connection with setting up any new Brand Operations Entities shall be borne by the Brand Operations Entities in accordance with Clause 24 and be deducted from the HK$126 million aggregate Cash amount allocated to the Brand Operations Entities at the end of 31 March 2021; and
17.1.2 the Brand Operations Entities shall be entitled to retain all Cash generated or received by the Brand Operations from 1 April 2021 onwards.
17.2 If the absolute value of the amount of Cash less the External Bank Debt of the Target Group is more than HK$655 million at the end of 28 February 2021, CVC Holdco may, at its discretion, inject into the Company a Cash amount of up to HK$150 million by way of a shareholders' loan in order to support the normal operations of the Target Group. The proceeds of such shareholders' loan may be allocated between the Other Operations Entities and Brand Operations Entities in accordance with this Clause 17.
17.3 For the avoidance of doubt, where any Cash is distributed or transferred pursuant to this Clause 17, the ultimate recipient of the Cash shall bear the costs, expenses or Taxes incurred in connection with distribution or transfer of such Cash (and such costs and Taxes shall not be deducted from the HK$126 million aggregate Cash amount allocated to the Brand Operation Entities).
Cash Allocation. Notwithstanding the foregoing, at least fifty percent (50%) of Executive’s compensation earned pursuant to Sections 3(b) and 3(c) shall be paid in cash.
Cash Allocation. At Closing, the Chex Entities shall transfer to Game Financial, free and clear of all Liens, all cash, including vault cash, booth cash, and cash in automated teller machines. Game Financial and the Chex Entities shall cooperate to calculate as precisely as possible the amount of such cash estimated to be transferred at Closing at least one (1) Business Day prior to Closing (the “Estimated Cash Amount”). At Closing, Game Financial shall, in addition to the Purchase Price, pay to Chex an amount equal to the Estimated Cash Payment by wire transfer of immediately available funds. Within fifteen (15) Business Days after the Closing Date, a mutually acceptable independent company hired for the purpose of determining the actual cash amount shall then calculate the final amount of such cash actually transferred at Closing (the “Actual Cash Amount”) . If the Actual Cash Amount is greater than the Estimated Cash Amount, then Game Financial shall pay the difference to Chex, and if the Actual Cash Amount is less than the Estimated Cash Amount, then Chex shall pay Game Financial the difference. Such payments shall be made within five (5) Business Days after the final determination by the above-described company. Game Financial and Chex shall equally share the costs of hiring the above-described independent company.
Cash Allocation. The cash consideration will be allocated as follows:
(a) Lands and Leases: $4,800.00 (b) Tangibles: $1,190.00 (c Miscellaneous Interests: $ 10.00
(d) GST on Tangibles: $ 59.50 TOTAL $6,059.50
Cash Allocation
