Cash Statement definition

Cash Statement shall have the meaning set forth in Section 2.3.

Cash Statement has the meaning set forth in Section 1.11(a).‎

Cash Statement means a statement of the Cash Amount of the Target Companies to be provided by the Buyer to the Sellers in accordance with Schedule 3;

Examples of Cash Statement in a sentence

• If, at the end of such period, VPG and Vishay are unable to resolve any disagreements as to items in the VPG Net Cash Statement, then the Parties shall engage KPMG LLP (the “Auditor”) to resolve any remaining disagreements.

• In the event that Vishay does not provide a notice of disagreement within such ten (10) Business Day period, then Vishay shall be deemed to have accepted the calculations and the amounts set forth in the VPG Net Cash Statement delivered by VPG, which shall be final, binding and conclusive for all purposes hereunder.

• If any notice of disagreement is timely provided in accordance with this Section 2.17, VPG and Vishay shall each use commercially reasonable efforts for a period of ten (10) Business Days thereafter (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculations in the VPG Net Cash Statement.

• Within ten (10) Business Days after Vishay’s receipt of the VPG Net Cash Statement, Vishay shall notify VPG in writing as to whether Vishay agrees or disagrees with the VPG Net Cash Statement, which notice, in the case of a disagreement, shall set forth in reasonable detail the particulars of such disagreement.

• The Auditor shall be charged with determining as promptly as practicable, but in any event within thirty (30) days after the date on which such dispute is referred to the Auditor, whether the Actual VPG Net Cash as set forth in the VPG Net Cash Statement was prepared in accordance with this Agreement whether and to what extent the Actual VPG Net Cash requires adjustment.

More Definitions of Cash Statement

Cash Statement means such statement in the form which becomes final and binding upon the Parties as hereinabove provided. After the Cash Statement is finalized, the Purchase Price shall be adjusted upward or downward as follows: (A) if the net amount of cash, cash equivalents and bank overdrafts reflected on the Cash Statement exceeds Pound Sterling 450,000, then the Purchase Price shall be increased by the amount of such excess (the "Cash Adjustment Amount") and Buyer shall pay the Cash Adjustment Amount to UBIBV, or (B) if the net amount of cash, cash equivalents and bank overdrafts reflected on the Cash Statement are less than Pound Sterling 450,000, then the Purchase Price shall be decreased by the amount of such deficiency (the "Cash Adjustment Amount") and UBIBV shall pay the Cash Adjustment Amount to Buyer. The appropriate party shall, within one (1) business day after the Cash Statement becomes final and binding, pay to the other party the Cash Adjustment Amount, together with interest thereon at a rate of LIBOR plus one percent (1%) calculated from the Closing Date to the date on which the Cash Adjustment Amount is received by the party that is entitled to payment thereof.

Cash Statement means a statement substantially in the format as Schedule 6.1 Part A (but applying actual figures as of the Closing Date) showing the following items of cash and cash equivalents existing at the Company as of the Closing Date (after taking into account transactions contemplated in Clause 5.1.1 and 5.1.2 and the Permitted Transactions under Clause 5.2):

Cash Statement means the statement of Cash and Debt to be prepared in accordance with the provisions of Schedule 9;

Cash Statement the statement of Cash as at the Completion Accounts Date

Cash Statement has the meaning set forth in Section 4.01(a)(i).

Cash Statement means a statement showing only the Cash (as defined herein) of the BOMAG Group Companies as of the Closing Date;

Cash Statement is defined in Section 3.4(b).