Closing Cash Balance definition

Closing Cash Balance means the Cash of the Company as of the Closing Date.

Closing Cash Balance means the positive or negative value equal to total cash and cash equivalents less the Closing Cash Target.

Closing Cash Balance means the sum of the amount of all Cash that is held by the Company or any of its Subsidiaries as of 12:01 a.m. Eastern Time on the Closing Date.

Examples of Closing Cash Balance in a sentence

• On the Effective Date, Company shall, (i) have established a fully funded cash reserve for Exit Costs and (ii) in addition, have a cash balance, after giving effect to payment of the Consideration, in an amount equal to the Closing Cash Balance plus Retained Cash.

• The Unaudited Closing Date Balance Sheet will include a determination of the Closing Cash Balance and the Closing Term Debt as of the close of business of TMMPT on the Closing Date.

• The Estimated Closing Balance Sheet, the Estimated Closing Date Net Working Capital, the Estimated Closing Cash Balance, the Estimated Company Debt, the Estimated Selling Expenses and the Estimated Closing Taxes Payable set forth in the Estimated Closing Date Statement will be prepared in accordance with the principles set forth on Exhibit B (the “Accounting Principles”).

• The determination of Closing Working Capital, the Closing Cash Balance, the Closing Transaction Expenses Amount, the Transaction Tax Benefits and the Closing Debt Amount reflected on the Proposed Final Closing Statement will be prepared in accordance with the Accounting Policies (to the extent applicable by the terms of the Accounting Policies or the definitions set forth herein).

• The determination of the Closing Net Working Capital, the Closing Cash Balance, the Transaction Tax Benefits, the Closing Indebtedness, the Company Transaction Expenses and the Aggregate Purchase Price reflected on the Proposed Final Closing Statement shall be prepared in accordance with the definitions thereof and the Accounting Policies.

More Definitions of Closing Cash Balance

Closing Cash Balance means $40,000,000 plus the cumulative Operational Cash Flow Adjustment for the period from January 3, 2004 through the Closing Date.

Closing Cash Balance shall have the meaning ascribed to such term in Section 1.6(a)(i) hereof.

Closing Cash Balance shall have the meaning set forth in Section 3.3.

Closing Cash Balance has the meaning set forth in Section 2.5(b).

Closing Cash Balance means the amount of Cash held by the Company and the Company Subsidiary as of immediately prior to the Closing (but after giving effect to any payment by the Company at the Closing of (i) any Indebtedness of the Company as contemplated by Section 3.01(e), (ii) any Sale Bonus and (iii) any Closing Expenses).

Closing Cash Balance means the amount of all Cash that is held by the Acquired Companies as at the Reference Time, as determined in accordance with Section 2.09.

Closing Cash Balance means the amount of all Cash that is held by the Company or any of its Subsidiaries other than PlasChem (determined in accordance with GAAP and consistent with past practice) as of 12:01 a.m. in each local jurisdiction of such Person on the Closing Date, a good faith calculation of which amount shall be included in the schedule delivered to Parent pursuant to Section 2.4(b) and in the Adjustment Schedule. Any Cash denominated in currencies other than the U.S. Dollar shall be valued in U.S. Dollars utilizing the applicable mid-market exchange rates published by the Wall Street Journal as of the last Business Day prior to the relevant date of determination.