Closing Cash and Cash Equivalents definition

Closing Cash and Cash Equivalents has the meaning specified in Section 2.6(1).

Closing Cash and Cash Equivalents means, with respect to the Company Group, the aggregate of all cash and cash equivalents (including short term investments) of the Company Group as of the Balance Sheet Time, determined in accordance with the Accounting Principles, including (a) all deposits and cash in transit and all checks and funds received by any member of the Company Group or their banks (e.g., checks deposited or funds paid to lock-box accounts) which are not yet cleared as of prior to the close of business on the day immediately prior to the Closing Date, but only to the extent such deposit or cash in transit subsequently clears and (b) any restricted cash or cash equivalents, including any cash or cash equivalents required to be held in a restricted account, as collateral or otherwise, to support any surety bond, letter of credit, performance bond or similar instrument, whether required by any Educational Agency or otherwise, including, for the avoidance of doubt, any cash or cash equivalents required to be held in a restricted account, as collateral or otherwise, to support any surety bond, letter of credit, performance bond or similar instrument, in each case, that is required by any Educational Agency (the “Regulatory Restricted Cash”), including any such Regulatory Restricted Cash to be listed on Section 1.01(g) of the Seller Disclosure Schedule (which schedule shall be provided by Seller at any time prior to the date that is 30 days prior to the Closing), but excluding, in each case, (i) any restricted cash or cash equivalents held in a restricted account, as collateral, pledged or otherwise to support the Pre-Closing DOE Letter of Credit (the “DOE Restricted Cash”) and (ii) all withdrawals and cash in transit from the Company Group and all checks and funds written or paid by any member of the Company Group or their banks prior to the close of business on the day immediately prior to the Closing Date, but not yet cleared, only to the extent such withdrawal or cash in transit subsequently clears (which shall be included as Current Liabilities in Closing Working Capital).

Closing Cash and Cash Equivalents means the aggregate amount of all Cash and Cash Equivalents of the Company as of 12:01 A.M. Eastern Time on the Closing Date;

Examples of Closing Cash and Cash Equivalents in a sentence

• For the avoidance of doubt, any funds transferred from any such Company Group bank account pursuant to this Section 5.24 outside of the Company Group shall not be included in Closing Cash and Cash Equivalents or as current assets in the calculation of Closing Working Capital.

• Within five Business Days after the Closing Working Capital, Closing Cash and Cash Equivalents, Transaction Expenses, Closing Indebtedness, Closing Tax Amount and the Purchase Price have been finally determined in accordance with Section 2.04(b), (i) if the Estimated Purchase Price is less than the Purchase Price, Purchaser shall pay to Seller the amount of such shortfall, and (ii) if the Estimated Purchase Price is greater than the Purchase Price, Seller shall pay to Purchaser the amount of such excess.

• The Purchase Price is to be adjusted by the amount by which the Closing Working Capital, Closing Indebtedness, and Closing Cash and Cash Equivalents is greater than, or is less than, as the case may be, the Preliminary Closing Working Capital, Preliminary Closing Indebtedness, and Preliminary Closing Cash and Cash Equivalents, respectively.

• Laxman Srinivas MandavaDate: 26.05.2015 Director Company Secretary Chief Financial Officer25th Annual Report 2014-15CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2015 Year endedYear ended31-03-201531-03-2014Cash and cash Equivalants as at beginning of the year 308,428,013 483,339,877 Closing Cash and Cash Equivalents 76,102,687 308,428,013 The above cash flow statement has been prepared using indirect method, in accordance with AS-3, Cash flow statements.

• 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).

More Definitions of Closing Cash and Cash Equivalents

Closing Cash and Cash Equivalents means the aggregate amount of all Cash and Cash Equivalents of Sellers and its Affiliates as of the Closing Date.

Closing Cash and Cash Equivalents has the meaning attributed to that term in Section 2.4(3)(d).

Closing Cash and Cash Equivalents means the Cash and Cash Equivalents as of immediately prior to the Closing.

Closing Cash and Cash Equivalents means the Cash and Cash Equivalents as of the Adjustment Time.

Closing Cash and Cash Equivalents means the Cash and Cash Equivalents of the Acquired Companies as of the Effective Time.

Closing Cash and Cash Equivalents means Cash and Cash Equivalents of the Company Group Entities as at Closing Adjustment Base Date, (1) plus the amount equal to the Capital Registration Tax, (2) plus the amount equal to the compulsory deposit made by SSHK described in Schedule 3.25 of the Seller Disclosure Schedule, (3) minus the amount (if any) equal to the Capital Expenditures Shortfall; provided, however, that the amount of any such Capital Expenditures Shortfall shall not be subtracted from Closing Cash and Cash Equivalents for purposes of Section 9.1(h).”

Closing Cash and Cash Equivalents means all Cash and Cash Equivalents of the Company and its Subsidiaries as of the Effective Time, and, for clarity, the amount of checks outstanding as of the Effective Time shall reduce the balance of Cash and Cash Equivalents as of the Effective Time.