Closing Cash Target definition

Closing Cash Target means $10,600,000.

Closing Cash Target means $203,000,000, plus (a) the aggregate amount of the following Liabilities, determined immediately prior to the Closing Date: (i) with respect to any services rendered by Transferred Employees in any period ending on or before the Closing Date, all Liabilities for (A) accrued but unpaid salary and all other compensation-related Liabilities to Transferred Employees, to the extent required to be paid by Purchaser or its Subsidiaries in accordance with Section 7.9(b), determined (except with respect to compensation described in clause (i)(B) of this definition) in accordance with GAAP, and (B) the aggregate amount of the incentive compensation and bonuses, to the extent required to be paid by Purchaser or its Subsidiaries to Transferred Employees and accrued, in each case, pursuant to Section 7.9(c) that have not been paid prior to the Closing, the amount of which shall be determined in accordance with Section 7.9(c); (ii) Taxes of any Acquired Subsidiary for any pre-Closing period, including any Pre-Closing Straddle Period, and any other Taxes in respect of the Purchased Assets for which the Purchaser or any Subsidiary of the Purchaser may be liable after the Closing, determined in accordance with GAAP (excluding for this purpose deferred Taxes); (iii) all Liabilities of any member of the Company Group to Parent, the Seller or any of their respective Affiliates (other than members of the Company Group) that are not discharged on or prior to the Closing Date; (iv) $92,000,000, which represents an agreed estimated present value of the earn-out Liabilities set forth on Schedule 1.1(f) (to the extent that amount has not come due in accordance with its terms without any acceleration of any portion thereof and has not been paid on or prior to Closing); and (v) all accounts payable, including payables to brokers, dealers and clients, and all accrued expenses, of the Business, determined in accordance with GAAP plus (b) the pro-rated portion of any Management Fees, carried-interest, incentive fees and other fees based on assets under management or investment performance, in each case, paid on or before Closing that have yet to be earned as of the Closing Date, and minus (c) the pro-rated portion of any Management Fees that have been earned but not paid in cash as of the Closing Date that are receivable from Persons other than the Debtors, any other Person subject to insolvency or bankruptcy or any of their respective Affiliates, plus (d) the product of (I) $400,...

Closing Cash Target means, (i) if and for so long as the Senior Notes Indenture remains in full force and effect, an amount of cash equal to the greater of (a) $100,000,000 and (b) the amount of cash that the Company and its Subsidiaries must have as of immediately prior to the Effective Time pursuant to and in accordance with the Senior Notes Indenture, as may be amended by the Supplemental Indenture, or (ii) if and after the Senior Notes Indenture is terminated or otherwise ceases to remain in full force and effect, such amount of cash as Parent determines in its reasonable discretion.

Examples of Closing Cash Target in a sentence

• Upon the terms and subject to the conditions of this Agreement, Freeport agrees to sell to Buyer, and Buyer agrees to purchase from Freeport, the Subject Shares at the Closing, for an aggregate purchase price equal to (a) the Closing Purchase Price plus (b) the Contingent Purchase Price, if any, plus (c) the product of (i) 70% and (ii) regardless of whether positive or negative, Final Closing Cash minus the Closing Cash Target (collectively, the “Purchase Price”).

• Reflects the UWM distribution required to reach the Closing Cash Target as defined in the Business Combination Agreement.

• The Estimated Closing Purchase Price shall be the Purchase Price, (1) minus the amount, if any, by which the Closing Cash Target exceeds the Estimated Closing Cash Amount (to the extent agreed to by the Buyer on the Closing Date), and (2) minus (A) the amount, if any, by which the Net Working Capital Target exceeds the Estimated Net Working Capital (to the extent agreed to by the Buyer on the Closing Date) less (B) the amount of any adjustment made pursuant to foregoing clause “(1)” of this paragraph.

• Seller shall have an amount of cash on the Closing Date that is equal to or greater than the Closing Cash Target.

• To the extent the Estimated Closing Cash exceeds the Closing Cash Target in the aggregate, then, immediately prior to Closing, the Company shall: (x) distribute to the holders of Company Stock an amount equal to such excess, so that the Estimated Closing Cash is reduced to an amount equal to the Closing Cash Target in the aggregate; and (y) provide, or cause to be provided to, Parent evidence of such distribution (in form and substance reasonably satisfactory to Parent).

More Definitions of Closing Cash Target

Closing Cash Target means $63,000,000.00.

Closing Cash Target means US $0.

Closing Cash Target means an amount equal to the excess of (a) the product of (i) the revenue of Seller for the calendar quarter beginning on April 1, 2015 and ending on June 30, 2015 and (ii) a fraction the numerator of which is the number of days in the period beginning with the Closing Date and ending on June 30, 2015 and the denominator of which is 91 over (b) the product of (A) the prepaid expenses of Seller for the calendar quarter beginning on April 1, 2015 and ending on June 30, 2015 and (ii) a fraction the numerator of which is the number of days in the period beginning with the Closing Date and ending on June 30, 2015 and the denominator of which is 91.

Closing Cash Target. “Closing Cash Target” means $244,000,000.

Closing Cash Target means $50,000,000.00.

Closing Cash Target means Seven Hundred Thirty Eight Thousand Nine Hundred andFifty-Six Dollars ($738,956).

Closing Cash Target means $316,432.