Closing Cash Statement definition

Closing Cash Statement has the meaning given to it in Section 5.21.

Closing Cash Statement shall have the meaning specified in Section 2.3(b).

Closing Cash Statement shall have the meaning set forth in Section 1.4.3(c) of this Agreement.

Examples of Closing Cash Statement in a sentence

• The Closing Cash Statement delivered by Parent pursuant to Section 5.21 will state the amount of Parent's cash and cash equivalents (within the meanings of such terms under GAAP) on the Closing Date, which shall not be less than One Million One Hundred Thousand (US$ 1,100,000) United States Dollars.

• The parties shall in good faith attempt to resolve any dispute and, if the parties so resolve all disputes, the Closing Net Assets Statement, the Closing Working Capital Statement and the Closing Cash Statement, as amended to the extent necessary to reflect the resolution of the dispute, shall be conclusive and binding on the parties.

• Parent shall prepare and deliver to the Company, at least one (1) Business Day prior to the Closing, a statement (the "Closing Cash Statement"), reasonably acceptable to Parent, which states the amount of cash and cash equivalents (within the meanings of such terms under GAAP) of the Company as of that date, which shall not be less than One Million One Hundred Thousand (US$ 1,100,000) United States Dollars.

• The Independent Accountant shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, and their resolution of the Disputed Amounts and their adjustments to the Closing Cash Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto.

• The determination so made by the Arbitration Firm shall be incorporated into the Final Assumed Indebtedness Statement and/or the Final Closing Cash Statement.

• The Preliminary Closing Cash Statement will be prepared from the books and records of the Acquired Companies and in accordance with GAAP, consistently applied.

• In the case of each of the foregoing clauses (A) and (B), the required payment shall be made within ten (10) days of the date the Final Closing Cash Statement was agreed to or finalized pursuant to the terms of the Transaction Agreement.

• Within 90 days after the Closing Date, Buyer shall cause to be prepared and delivered to Seller a draft statement (the "Final Closing Cash Statement"), setting forth the actual aggregate amount of Cash and Cash Equivalents of the Target Companies that was outstanding as of the Closing Date (the "Final Closing Cash") converted, if necessary, to U.S. dollars by applying the exchange rate published in the Wall Street Journal for the close of business on the day immediately preceding the Closing Date.

• If the amount of Preliminary Closing Cash reflected in the Preliminary Closing Cash Statement is less than $6,000,000, unless disputed as provided below, Parent shall within the ten Business Days review period pay to Advance by wire transfer in immediately available funds the amount of such deficiency.

• If the Investor does not notify the Company of any such objections by the end of that thirty-day period, then the Closing Cash Statement shall be considered final on the last day of that thirty-day period.

More Definitions of Closing Cash Statement

Closing Cash Statement has the meaning ascribed to such term in Section 1.5(a).

Closing Cash Statement is defined in Section 2.12(c).