Cash Asset definition
Examples of Cash Asset in a sentence
In the event of an in-kind transfer of a Non- Cash Asset pursuant to clause (2), the Preferred Equity Member shall cooperate with the Managing Member to promptly effectuate such transfer.
At the Closing and subject to Section 4.3, Buyer shall pay to Sellers, by wire transfer of immediately available funds, an aggregate amount (the "Closing Consideration") equal to (A) $15,500,000, minus (B) the amount, if any, by which the Estimated Net Cash Asset Amount is less than $0, minus (C) the Estimated Indebtedness Amount, minus (D) the Critical Vendor Holdback Amount minus (E) the Holdback Amount.
If the Closing Net Cash Asset Amount as finally determined pursuant to this Section 3.3 is greater than the Estimated Net Cash Asset Amount, Buyer shall within three Business Days pay to Sellers such excess by wire transfer of immediately available funds.
The Closing Net Cash Asset Amount shall be prepared in the form and manner, and on a basis consistent with, the form and manner of the calculations set forth on the Sample NCA Calculation, including the Accounting Principles.
When acting pursuant to this Section 3.3(b), the Arbitrating Accountant shall determine, using the Accounting Principles and following the requirements of Section 3.3(a), whether and to what extent, if any, Buyer's calculation of Closing Net Cash Asset Amount requires adjustment.