Common use of Normal Operating Cash Balance Clause in Contracts

Normal Operating Cash Balance. the amount of operating cash required to sustain the business of a Person and its Subsidiaries after the date of the Distribution, including amounts required to service all indebtedness incurred by such Person and its Subsidiaries after that date, currently estimated to be $40 million in the case of the HI Group and $30 million in the case of the BSI Group, in each case as determined by a Qualified Solvency Expert with reference to the levels of operating cash required by each Group from and after the date of this Agreement.

Appears in 5 contracts

Samples: Judgment Sharing Agreement (Batesville Holdings, Inc.), Judgment Sharing Agreement (Hillenbrand, Inc.), Judgment Sharing Agreement (Hill-Rom Holdings, Inc.)

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