Company Cash definition

Company Cash means all cash on hand or on deposit to the credit of the Company on the Closing Date;

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Company Cash means all cash and cash equivalents of the Company (including marketable securities and short-term investments), in each case determined in accordance with GAAP.

Company Cash means, as of 12:01 a.m., Eastern Time, on the Closing Date, an amount equal to all Cash and Cash Equivalents of the Group Companies.

Examples of Company Cash in a sentence

• At least three (3) Business Days prior to the Closing Date, the Target Company shall deliver to Purchaser a statement (the “Estimated Closing Statement”) setting forth the Target Company’s good faith estimates of the Company Cash, Indebtedness, Working Capital and Transaction Expenses, respectively, as of immediately prior to the Closing, together with its calculation of the Estimated Closing Consideration.

• As used herein, “Estimated Company Cash,” “Estimated Indebtedness,” “Estimated Working Capital,” and “Estimated Transaction Expenses” mean the estimates of Company Cash, Indebtedness, Working Capital and Transaction Expenses, respectively, as set forth in the Estimated Closing Statement.

• The Closing Adjustment Statement shall include the Purchaser’s calculation of the aggregate amount, whether positive or negative, equal to (a) the difference between the estimated amounts for Company Cash, Indebtedness, Working Capital, and Transaction Expenses as stated in the Estimated Closing Statement and (b) the actual amounts for Company Cash, Indebtedness, Working Capital, and Transaction Expenses as of the Closing as set forth in the Closing Adjustment Statement (the “Adjustment Amount”).

More Definitions of Company Cash

Company Cash means, collectively, all cash and cash equivalents held by the Company and its Subsidiaries, less (a) any and all restricted cash (including any amounts that are not freely available) and cash necessary to cover all outstanding checks and wire transfers that have been mailed, transmitted or otherwise delivered by the Company or any of its Subsidiaries but have not cleared its bank or other accounts, all as determined in accordance with GAAP; less (b) any overdrafts or related fees, in each case determined immediately prior to the Closing.

Company Cash means cash and cash equivalents of the Company and its Subsidiaries in accordance with GAAP; provided that Company Cash shall be net of the amount of outstanding checks, drafts of wire transfers (including any overdrawn accounts) and exclude any cash which is not freely usable to a subsequent purchaser or equity holder of the Company and/or its Subsidiaries because it is subject to restrictions or limitations on use or distribution by law or contract, including amounts held in escrow or as a deposit; provided, further, notwithstanding anything to the contrary, Company Cash shall in no event be less than zero.

Company Cash means the aggregate amount of all cash and cash equivalents of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP. For the avoidance of doubt, cash and cash equivalents shall specifically include marketable securities, short-term deposits, short-term investments, cash held in any jurisdictions, restricted cash, and any uncleared checks and drafts or other wire transfers received or deposited or available for deposit for the account of the Company or its Subsidiaries that are not yet credited to the account of the Company or its Subsidiaries.

Company Cash means, as of the Closing Date, without duplication, the aggregate of all the Company's cash and cash equivalents in hand and, to the extent not already reflected in cash and cash equivalents, all cash deposits (including cash deposit with any financial, banking, lending or other similar institution as recorded in banking statements), in each case as determined in accordance with GAAP.

Company Cash means the aggregate amount of unrestricted cash and cash equivalents of the Company as of the Closing, calculated in accordance with GAAP.

Company Cash means the sum of the fair market value (expressed in United States dollars) of all cash and cash equivalents (including marketable securities and short-term investments) of the Group Companies as of immediately prior to the Effective Time, as set forth in the Allocation Schedule. For avoidance of doubt, Cash shall include checks and drafts received or deposited for the account of Company and not credited to the account of the Company; provided, however, that Cash shall be reduced by the amount of all outstanding checks and drafts issued by the Company that are issued or outstanding at such time.

Company Cash means the aggregate amount of all cash, cash equivalents and marketable securities held by the Company or any of its Subsidiaries as of the Reference Time (including marketable securities, checks, credit card receivables, bank deposits, short term investments and performance bonds but excluding restricted cash and customer deposits), whether or not kept “on site” or held in deposit, checking, savings, brokerage or other accounts of or in any safety deposit box or other storage device.