Actual Closing Cash definition

Actual Closing Cash has the meaning set forth in Section 2.04(a)(i).

Actual Closing Cash means for each Sold Company listed on Schedule 1.1(a) hereto the actual amount of Cash held by such Sold Company at the Closing Date.

Actual Closing Cash. “Actual Illinois Sports Betting Licenses Costs” and “Actual Purchase Price,” respectively, for all purposes herein.

Examples of Actual Closing Cash in a sentence

• If Seller does not deliver an Objection Notice within such period of sixty (60) days, then Buyer’s calculations of the Cash and Cash Equivalents, Indebtedness, Transaction Expenses, and Working Capital of the Company and the Company Subsidiaries as of Closing shall be deemed to be the Actual Closing Cash and Cash Equivalents, the Actual Closing Indebtedness, the Actual Transaction Expenses and the Actual Closing Working Capital (each, as defined below).

• The parties shall thereafter refer the determination of the FY2004 Working Capital, the Closing Working Capital and/or the Actual Closing Cash Amount to an independent firm of chartered accountants agreed by the parties in writing or, failing agreement on the identity of the partner or firm of chartered accountants, appointed, on the application of either party, by the President of the Hong Kong Society of Accountants for the time being.

• The Actual Closing Cash shall include cash held in the Company’s bank accounts of at least $650,000 (“Required Closing Cash”) (and which, for great certainty and without duplication, shall be included in the Closing Working Capital).

• If the Seller is required to pay any amount in respect of Depreciation Claw-back (which shall in no event exceed US$2,000,000), such amount shall first be paid by the Seller from the Actual Closing Cash Amount.

• For greater certainty, any component of the Purchase Price resulting from Actual Closing Cash, Unpaid Transaction Expenses, Actual Closing Indebtedness and Actual Closing Working Capital shall be allocated between the Companies to the extent it would be so allocated if the Purchase Price were done separately for each Company, mutatis mutandis, and the Sellers shall take such steps as are reasonably practicable to make such determination.

• The Statement shall become final and binding upon the parties on the date the parties hereto resolve in writing any differences they have with respect to any matter relating to Actual Net Working Capital, the Actual Closing Cash Balance and/or Actual Closing Indebtedness, to the extent properly included in the Notice of Disagreement, in accordance with this Section 1.6(a).

• If the Estimated Closing Cash is greater than the Actual Closing Cash, then an amount equal to such difference shall be due to Parent and payable in accordance with, and subject to, Section 2.11(f)(v).

• If the Actual Closing Cash Amount is not sufficient to pay the full amount of such Depreciation Claw-back following any payment by the Seller to the Buyer in accordance with clause 6.8 (the remaining unpaid amount being the “Depreciation Claw-back Shortfall”), then the Depreciation Claw-back Shortfall shall be paid to the tax authorities from the Escrow Account.

• The Coronavirus Relief Funds (CRF) were allocated to states as a part of the CARES Act passed earlier this year.

• After the final determination of the Actual Closing Cash in accordance with this Section 2.2(d), the Purchase Price shall be adjusted by comparing the Actual Closing Cash to the Estimated Cash and making any such adjustment to the Purchase Price (either upward or downward) in order to reflect the adjustment that would have occurred if the adjustment at Closing had been made with using the Actual Closing Cash.

More Definitions of Actual Closing Cash

Actual Closing Cash means the Cash of the Company and its Subsidiaries as of the close of business on the Closing Date, as finally determined pursuant to Section 2.6.

Actual Closing Cash is defined in Section 2.2(b).

Actual Closing Cash shall have the meaning set forth in Section 2.06(c).

Actual Closing Cash means the aggregate Cash as of immediately prior to the Closing as set out in the Final Statements as finally determined in accordance with Section 2.8.