Retained Cash. RETAINED CASH" has the meaning set forth in the Separation Agreement.
Retained Cash. The Borrower will use and apply Retained Cash only in connection with the ordinary conduct of the business of the Borrower, as such business is permitted to be conducted in accordance with the terms of this Agreement, including for use as working capital, the payment of budgeted Capital Expenditures, and other purposes incident to the conduct of such business; provided, however, that Retained Cash shall not in any event be applied to the making of distributions or dividends to Parent or any other member of the Parent Group or to pay Management Fees to the Parent.
Retained Cash. The Group Companies shall take any actions necessary to ensure that $2,000,000 of cash is retained by the Group Companies at the Closing in respect of the items set forth on Schedule 1.1(d) of the Company Disclosure Letter.
Retained Cash. 18 Section 5.24
Retained Cash. (a) Chemtura and Purchaser shall cooperate in good faith to prepare Schedule H-1 as promptly as practicable after the date hereof. The Retained Cash Cap with respect to each Transferred Entity shall be the amount that is reasonably required to provide for the ordinary course liquidity needs of such Transferred Entity.
Retained Cash. The amount of case required to be retained by C-Cube pursuant to Section 2.2(a) hereof shall have been retained.
Retained Cash. All cash and cash equivalents held by RECI -------- ---- as of the close of business on April 30, 2000 (the "Cut-Off Date") ------- ---- other than the Restricted Cash (the "Retained Cash"). For purposes of -------- ---- this Agreement, the term "Restricted Cash" means any cash or cash ---------- ---- equivalents of any RECI Company held as escrowed retentions or in similar restricted accounts or required to be kept on hand or on deposit with any third person (including any financial institution) pursuant to any contract or agreement (including without limitation any joint venture or similar agreement) to which any RECI Company is a party (other than any Retained RECI Contract or any Retained Risk E&C Contract).
Retained Cash. The Company shall retain cash (including cash equivalents) as of the Closing and not including the investment of the Investment Price of (x) $18.2 million, (y) (i) plus the amount by which the Net Working Capital is less than negative $4.25 million, or (ii) less the amount by which Net Working Capital exceeds negative $4.25 million, and (z) less the total amount spent (or incurred and included as a “Current Liability”) by the Company on capital improvements to the Property which are made (1) in substance pursuant to the Company’s existing plan, a copy of which has been provided to the Investors, or (2) as otherwise approved by the Investors pursuant to Section 5.1 (collectively, the “Capital Improvements”), such resulting amount referred to as the “Actual Retained Cash“. The amount of the Company’s cash at the Closing in excess of the Actual Retained Cash, if any, shall be transferred to the “Disbursing Agent” with respect to “Excluded Liabilities,” in each case as defined in the Plan (the “Disbursing Agent”). Because of the difficulty of determining the actual amount of Net Working Capital as of the Closing, the procedure set forth in paragraph (c) of this Section 1.3 shall be followed to estimate Net Working Capital at the Closing and the amount of cash, if any, to be distributed to the Disbursing Agent at the Closing or pursuant to Section 1.4 hereof, or paid to the Company pursuant to Section 1.4 hereof.
Retained Cash. Seller shall provide Buyer an accounting of the Retained Cash in the form set forth in Exhibit 2.01(c) hereto.
Retained Cash. The Sellers shall cause the Company to have in its bank accounts at Closing at least one hundred thousand United States Dollars (US$ 100,000) of Cash and Cash Equivalents, which shall be free and clear of any Liens.
