Closing Date Cash Amount definition

Closing Date Cash Amount means the Cash and Cash Equivalents of the Company as of the Reference Time determined in accordance with the Accounting Principles.

Closing Date Cash Amount means the amount equal to the sum of [ * * * ].

Closing Date Cash Amount is defined in Section 2.4(a).

Examples of Closing Date Cash Amount in a sentence

• Each of Acquiror and the Seller shall promptly provide their assertions regarding the Closing Date Net Working Capital, the Closing Date Funded Debt Amount, the Closing Date Cash Amount and/or the Closing Date Outstanding Company Expenses and, to the extent relevant thereto, the Post- Closing Statement, in writing to the Independent Accountant and to each other.

• A week’s pay is calculated by totaling the SEO’s or Commissioner’s wages, excluding overtime, earned in the last 8 weeks in which the SEO or Commissioner worked normal hours, and dividing this amount by 8.

• Subject to the adjustments set forth in Section 3.3, the “Purchase Price” shall consist of One Hundred Thirty-Three Million Dollars ($133,000,000) in cash (the “Enterprise Value”), plus or less (i) the Estimated Net Working Capital Adjustment Amount (which may be a positive number and added or a negative number and subtracted), less (ii) the Estimated Closing Date Funded Debt Amount, plus (iii) the Estimated Closing Date Cash Amount, less (iv) the Estimated Closing Date Outstanding Company Expenses.

• In the event any such notice of disagreement is timely provided, Acquiror and the Seller shall use reasonable best efforts for a period of thirty(30) days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculations of the Closing Date Net Working Capital, the Closing Date Funded Debt Amount, the Closing Date Cash Amount and/or the Closing Date Outstanding Company Expenses.

• If the Seller shall disagree with the calculation of the Closing Date Net Working Capital, the Closing Date Funded Debt Amount, the Closing Date Cash Amount and/or the Closing Date Outstanding Company Expenses, it shall notify Acquiror of such disagreement in writing, setting forth in reasonable detail the particulars of such disagreement, within seventy-five (75) calendar days after its receipt of the Post-Closing Statement.

More Definitions of Closing Date Cash Amount

Closing Date Cash Amount means 70% the amount of any Cash and Cash Equivalents of the Company and the Company Subsidiaries, calculated as of 11:59 p.m. New York time on the day immediately preceding the Closing Date.

Closing Date Cash Amount means the amount of all cash and cash equivalents, including without limitation restricted cash, of the Companies and the Washington Entities as of immediately prior to the Effective Time as reflected on the Closing Balance Sheet.

Closing Date Cash Amount means the Cash Amount as of 12:01 AM on the Closing Date.

Closing Date Cash Amount means the amount of any Cash and Cash Equivalents of the Company and the Company Subsidiaries, calculated as of 11:59 p.m. Illinois time on the day immediately preceding the Closing Date.

Closing Date Cash Amount means, with respect to any ------------------------ Company Entity, the total amount of Cash (excluding any Cash received by such Company Entity and/or any of its Subsidiaries from the Akzo Nobel Entities or their Affiliates as payment for any Indebtedness, Underfunded Pension/OPEB Amount or Legacy Transaction Cost, if any) residing at such Company Entity and its Subsidiaries as of immediately prior to the Closing.

Closing Date Cash Amount shall have the meaning set forth in Section 2.9. “Closing Date Cash Statement” shall have the meaning set forth in Section 2.9. “Closing Date Cash Target” shall mean $500,000.

Closing Date Cash Amount means (i) $46,000,000, minus (ii) the sum of (w) the Merger Consideration Escrow Amount (as defined in Section 2.8(c)), (x) the Indemnity Escrow Amount (as defined in Section 2.8(c)), (y) the Stockholders’ Agent Escrow Amount (as defined in Section 2.8(c)), and (z) the amount necessary to repay in cash and discharge in full all Indebtedness of the Company and the Company Subsidiaries as of the Closing (including any prepayment fees or premiums, breakage costs or any other costs and expenses) and any unpaid Transaction Fees and Expenses of the Company as of the Closing.