Average Cash Amount definition
Average Cash Amount means, subject to adjustment as set forth in Section 2.04(c), the amount of cash that is equal to the simple average daily balance of cash, time deposits, certificates of deposit, marketable securities and other short term investments and cash equivalents ("Cash") of the Partnership and the Subsidiaries at the close of business on each Business Day during the Measuring Period, (ii) "Measuring Period" means the period commencing at 12:01 a.m. EDT on the date of the month immediately preceding the month in which the Closing Date occurs that is the same date of the month as the Closing Date (or if such date is not a calendar date, the date that corresponds most closely to the date that is the Closing Date) and ending at 11:59 p.m. EDT on the day immediately preceding the Closing Date, and (iii) "Cash Payment Amount" means the Average Cash Amount less the checks issued by the Partnership and the Subsidiaries that have not cleared on the Closing Date.
Average Cash Amount means, subject to adjustment as set forth in Section 2.05(c), the amount of cash that is equal to the simple average daily balance of cash, time deposits, certificates of deposit, marketable securities and other short term investments and cash equivalents ("Cash") of the Company at the close of business on each Business Day during the Measuring Period, (ii) "Measuring Period" means the period commencing at 12:01 a.m. on the date of the month immediately preceding the month in which the Closing Date occurs that is the same date of the month as the Closing Date (or if such date is not a calendar date, the date that corresponds most closely to the date that is the Closing Date) and ending at 11:59 p.m. on the day immediately preceding the Closing Date, (iii) "Purchase Price Adjustment Amount" means the Dollar Equivalent of (A) the Average Cash Amount less (B) the checks issued by the Company that have not cleared on the Closing Date less (C) CHF 133,851, representing employee bonus payments under the Company's bonus plan for the portion of fiscal year 1997 commencing January 1, 1997 and ending on the Closing Date, and (iv) "Dollar Equivalent" means, with respect to an amount expressed in any currency other than United States dollars, the dollar equivalent of such amount as determined by reference to the noon buying rate in The City of New York (as of the Business Day immediately preceding the Closing Date) for cable transfers in such currency as certified for customs purposes by (or if not so certified, as otherwise determined by) the Federal Reserve Bank of New York.
Average Cash Amount means, subject to adjustment as set forth in Section 2.05(c), the amount of cash that is equal to the simple average daily balance of cash, time deposits, certificates of deposit, marketable securities and other short term investments and cash equivalents ("Cash") of the Company at the close of business on each Business Day during the Measuring Period, (ii) "Measuring Period" means the period commencing at 12:01 a.m. on the date of the month immediately preceding the month in which the Closing Date occurs that is the same date of the month as the Closing Date (or if such date is not a calendar date, the date that corresponds most closely to the date that is the Closing Date) and ending at 11:59 p.m. on the day immediately preceding the Closing Date, (iii) "Purchase Price Adjustment Amount" means the Dollar Equivalent of (A) the Average Cash Amount less (B) the checks issued by the Company that have not cleared on the Closing Date, and (iv) "Dollar Equivalent" means, with respect to an amount expressed in any currency other than United States dollars, the dollar equivalent of such amount as determined by reference to the noon buying rate in The City of New York (as of the Business Day immediately preceding the Closing Date) for cable transfers in such currency as certified for customs purposes by (or if not so certified, as otherwise determined by) the Federal Reserve Bank of New York.
More Definitions of Average Cash Amount
Average Cash Amount means, subject to adjustment as set forth in Section 2.05(c), the amount of cash that is equal to the simple average daily balance of cash, time deposits, certificates of deposit, marketable securities and other short term investments and cash equivalents, including the "current account" balance between the Company and the Seller (whether positive or negative) ("Cash") of the Company at the close of business on each Business Day during the Measuring Period, (ii) "Measuring Period" means the period commencing at 12:01 a.m. on the date of the month immediately preceding the month in which the Closing Date occurs that is the same date of the month as the Closing Date (or if such date is not a calendar date, the date that corresponds most closely to the date that is the Closing Date) and ending at 11:59 p.m. on the day immediately preceding the Closing Date, and (iii) "Cash Payment Amount" means the Average Cash Amount less the checks issued by the Company that have not cleared on the Closing Date.