Acquired Cash definition

Acquired Cash shall have the meaning set forth in Section 2.1.

Acquired Cash means (subject to any Acquired Cash Adjustment) all cash, negotiable instruments and other cash equivalents of Seller located at the Property as of the Transfer Time, including (i) cash, negotiable instruments and other cash equivalents of Seller located in cages, drop boxes, slot machines and other gaming devices located at the Property, and (ii) cash on hand for the Property manager’s xxxxx cash fund and cashiers’ banks, coins and slot hoppers, carousels and slot vault at the Property, in each case determined in accordance with the Accounting Procedures. Notwithstanding anything to the contrary contained herein, Acquired Cash shall be calculated net of issued but uncleared checks and drafts.

Acquired Cash means, collectively, (a) any checks that relate to the Acquired Business that have been deposited in any bank account or lockboxes of any Asset Seller but have not yet cleared as of the Closing, (b) any checks that have been deposited into any bank account of a Target Company but have not yet cleared as of the Closing, (c) any xxxxx cash located at any Target Company as of the Closing, and (d)(i) any Cash remaining in accounts of the U.S. Asset Sellers located outside of the United States of America and (ii) any Cash remaining in accounts of Tronox Australia, the Target Companies and, only to the extent of Tronox Australia’s interest, Tiwest, in each of subclauses (i) and (ii), as of the Closing.

Examples of Acquired Cash in a sentence

• The amount of the Net Working Capital as of the Closing Date (the "Final Net Working Capital") shall be prepared by the Seller, as promptly as possible after the Closing upon a determination of the components of the Net Working Capital Liabilities, and deducting same from the Net Trade Accounts Receivable and Acquired Cash.

• At least two (2) Business Days prior to the Closing Date, Seller shall deliver to Purchaser a closing statement setting forth (A) Seller’s reasonable estimate of the Adjusted Acquired Cash Amount (the “Estimated Adjusted Acquired Cash Amount”), and (B) a calculation of the Note Purchase Price, and shall include therein wire transfer instructions for Seller’s account.

• The Borrower will, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending September 30, 2004, have a Consolidated EBITDA for the four (4) consecutive fiscal quarter period of Borrower then ended of at least the sum of (a) $30,000,000 plus (b) the lesser of (i) Fifty Percent (50%) of Acquired Cash Flow or (ii) $10,000,000.

• Notwithstanding anything to the contrary in Section 2.2(b)(i), Seller and Purchaser hereby acknowledge and agree that the Acquired Cash is an amount equal to $50,000 and that the transfer and delivery of the Acquired Cash from Seller to Purchaser shall be effectuated by offset from the wire transfer of the Closing Payment Amount to Seller, and that Purchaser shall be permitted to deposit $50,000 from the Closing Payment Amount into a bank account established by Purchaser.

• Notwithstanding the foregoing, for the purposes of the Acquired Cash Adjustment and Working Capital Adjustment and prorations contemplated hereby, the Closing shall be deemed to occur at the Transfer Time.

More Definitions of Acquired Cash

Acquired Cash has the meaning set forth in Section 1.1(a)(vi).

Acquired Cash means any Cash of the Company in excess of the Carve Out Cash Amount, but excluding Cash that is Restricted Cash.

Acquired Cash is defined in Section 2.1.1(m).

Acquired Cash has the meaning assigned to that term in Section 2.1(k). “Acquisition” has the meaning assigned to that term in the Preamble. “Agreement” has the meaning assigned to that term in the Preamble.

Acquired Cash means the aggregate Cash of Seller attributable to the Acquired Bank Accounts as of the Adjustment Time.

Acquired Cash means cash in an amount equal to the Net Working Liabilities.

Acquired Cash means any Cash acquired pursuant to the Asset Purchase Agreement.