Closing Net Cash Amount definition

Closing Net Cash Amount means (a) the sum of (i) the aggregate amount of all cash, cash equivalents and other short term securities of the Acquired Companies and (ii) Outstanding Deposits, less (b) the sum of (i) the aggregate amount of Restricted Cash of the Acquired Companies and (ii) the aggregate amount of the outstanding checks issued by the Acquired Companies, in each case determined as of the Effective Closing Time.
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Closing Net Cash Amount means (A) the Closing Cash Amount minus (B) the Closing Indebtedness, as set forth in the Closing Financial Certificate.
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Closing Net Cash Amount means the Net Cash Amount as of the Close of Business on the day immediately preceding the Closing Date.
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Examples of Closing Net Cash Amount in a sentence

  • If the Closing Net Cash Amount is less than zero, the Initial Payment will be reduced by an amount equal to the Closing Net Cash Amount.

  • If the Closing Net Cash Amount is greater than zero, the Initial Payment will be increased by an amount equal to the Closing Net Cash Amount.

  • Has the experience, skill and ability to achieve and maintain high standards of performance in the job and achieve agreed objectives and targets.

  • An amount equal to (i) $150,000,000, plus (ii) the amount, if any, by which the Closing Net Working Capital exceeds the Closing Net Working Capital Target by more than the Net Working Capital Collar Amount, minus (iii) the amount, if any, by which the Closing Net Working Capital Target exceeds the Closing Net Working Capital by more than the Net Working Capital Collar Amount, plus (iv) the Closing Net Cash Amount, minus (v) the Closing Indebtedness, and minus (vi) the Transaction Expenses.

  • The final Net Cash Amount determined as of the Measurement Time; provided, however, that the Closing Net Cash Amount shall exclude (i) any amounts used to pay any Transaction Expenses between the Measurement Time and the Closing, (ii) any distribution made to any Seller at or after the Measurement Time and prior to the Closing and (iii) any other distribution or payment made at or after the Measurement Time and prior to the Closing .

  • The Independent Accountant shall determine within 30 days after it has accepted such referral, on the basis of the standards set forth in this Agreement, and only with respect to the remaining differences so submitted, whether and to what extent, if any, the items reflected on the Closing Balance Sheet, Audited Statement of Net Asset Value, Closing Net Asset Value Statement and/or Closing Net Cash Amount Statement require adjustment.

  • The determination of the amount of Net Cash as of a particular date set and (an “Accountant Resolved Net Cash Determination Date”) made by the Accounting Firm shall be deemed to have been finally determined for purposes of this Agreement and to represent the Closing Net Cash Amount for purposes of calculating the values pursuant to Sections 1.7 and 8.7 hereto, so long as Closing occurs within five Business Days after the applicable Accountant Resolved Net Cash Determination Date.

  • Unless Elan delivers written notice to New Alkermes on or prior to the thirtieth (30th) day after Elan’s receipt of the calculations of Closing Modified Working Capital and Closing Net Cash Amount specifying in reasonable detail all disputed items and the basis therefor, Elan shall be deemed to have accepted and agreed to such calculations.

  • If the Closing Net Cash Amount is higher than the Estimated Closing Net Cash Amount, the Acquiring Party shall pay to the Sellers a sum equal to the difference between these two amounts.

  • On or prior to the Closing Date, Seller shall prepare, or cause to be prepared, and deliver to Purchaser a written statement setting forth Seller’s good faith estimate of the Closing Net Cash Amount (the “Estimated Closing Net Cash Amount”), which amount shall be used for purposes of determining the Closing Cash Payment.


More Definitions of Closing Net Cash Amount

Closing Net Cash Amount means the difference between (a) the Cash and Cash Equivalents of the Company as of the Effective Time, minus (b) the sum of (i) the Indebtedness of the Company as of the Effective Time, determined in accordance with GAAP, plus (ii) the amount (if any) paid to the Company by the Parent for the Parent Polyethylene Insert Inventory pursuant to the Letter Agreement and any other amounts paid or advanced to the Company by the Parent or any of its Affiliates (if any) during the period from the date of this Agreement through the Effective Time.
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Closing Net Cash Amount shall have the meaning set forth in Section 1.7(b).
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Closing Net Cash Amount. The Net Cash Amount of the Companies as of the Measurement Time; provided, however, that the Closing Net Cash Amount shall exclude (i) any amounts used to pay any Transaction Expenses between the Measurement Time and the Closing, (ii) any distribution made by the Companies to any Equity Seller at or after the Measurement Time and prior to the Closing, and (iii) any other distribution or payment made by the Companies at or after the Measurement Time and prior to the Closing.
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Closing Net Cash Amount. As of the close of business on the Closing Date, (a) the aggregate amount of the Company’s and its Subsidiaries’ cash and cash equivalents on hand or in bank accounts as of such date (and including deposits in transit and checks issued in favor of, and received by, the Company and each of its Subsidiaries as of such date, but not yet deposited as of such date) minus (b) the aggregate amount of outstanding and unpaid checks issued by the Company and each of its Subsidiaries as of such date, in each case determined in accordance with GAAP.
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Closing Net Cash Amount means the amount of Corautus Net Cash immediately prior to the Effective Time as determined in accordance with Section 1.7(c).
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Closing Net Cash Amount. The final Net Cash Amount determined as of the Measurement Time; provided, however, that the Closing Net Cash Amount shall exclude (i) any amounts used to pay any Transaction Expenses between the Measurement Time and the Closing, (ii) any distribution made to any Seller at or after the Measurement Time and prior to the Closing and (iii) any other distribution or payment made at or after the Measurement Time and prior to the Closing .
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Related to Closing Net Cash Amount

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(a)(i).

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(c).

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Final Closing Cash means the Closing Cash, as finally agreed or determined in accordance with Section 2.3(c).

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Closing Payment Amount will have the meaning set forth in Section 1.3(a).

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Target Net Working Capital Amount means an amount equal to $23,085,000.00.

  • Closing Stock Price means the Stock Price as of the last day of any Performance Measurement Period.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Closing Amount has the meaning set forth in Section 2.3.

  • Target Working Capital Amount means $162,000,000.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that: