Closing Cash Deficiency has the meaning set forth in Section 2.04(a)(i).
Closing Cash Deficiency means the amount, if any, by which (i) the Target Final Closing Cash Amount exceeds (ii) the Final Closing Cash Amount.
Closing Cash Deficiency means the amount of Closing Cash less than zero dollars ($0). “Closing Cash Surplus” means the amount of Closing Cash in excess of zero dollars ($0). “Closing Date” is defined in the preamble of this Agreement.
Examples of Closing Cash Deficiency in a sentence
Buyer agrees to pay to Seller a purchase price of $3,500,000, less the amount of any Net Closing Cash Deficiency (the “Purchase Price”).
More Definitions of Closing Cash Deficiency
Closing Cash Deficiency has the meaning specified in Section 2.4. “Closing Cash Payment” has the meaning specified in Section 1.4(a). A-3
Closing Cash Deficiency means the amount, if any, by which (A) the Company's cash plus cash equivalents (including any promissory notes from shareholders of the Company being paid in connection with the Closing) minus (B) the Company's Indebtedness (as defined in Section 4.10 hereof, however, excluding $750,000 of Indebtedness incurred by the Company to fund the Company's redemption on July 7, 1999 of shares of Common Stock from Kentex Electronics Co., Ltd. to the extent such redemption reduces the Closing Net Worth) is less than $100,000, as reflected on the Closing Date Net Cash Statement.
Closing Cash Deficiency shall have the meaning set forth in Section 3.01(a)(ii).
Closing Cash Deficiency means the amount of Closing Cash less than zero dollars ($0).