Closing Cash Deficiency definition

Closing Cash Deficiency has the meaning set forth in Section 2.04(a)(i).

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.

Closing Cash Deficiency means the amount, if any, by which (i) the Target Final Closing Cash Amount exceeds (ii) the Final Closing Cash Amount.

Examples of Closing Cash Deficiency in a sentence

• Notwithstanding the foregoing, if the Closing Cash Amount is less than the Closing Cash Target (a “Closing Cash Deficiency”), Buyer shall have no obligation to effectuate a GLOC Loan Payoff, and Seller and Buyer shall negotiate in good faith with respect to Buyer’s recoupment of a Closing Cash Deficiency before Buyer is responsible for the GLOC Loan Payoff.

• The policing approach in Tamworth is strongly focussed on working with local communities.

• Notwithstanding the above, the Purchaser shall be required to close the Acquisition within five (5) Business Days of Purchaser obtaining sufficient capital to pay the Closing Cash Deficiency, in the event all of the other conditions to Closing have been, or will be, satisfied as of such date.

• The Purchaser shall use commercially reasonable efforts to promptly raise funding to pay the Closing Cash Deficiency during the Closing Cash Extension, provided that the Purchaser shall not be required to accept any funding terms or other conditions which the Board of Directors of the Purchaser does not determine are in the best interests of the Purchaser or its stockholders under all of the relevant circumstances.

• 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 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 means the amount of Closing Cash less than zero dollars ($0).

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 shall have the meaning set forth in Section 3.01(a)(ii).