Examples of Company Closing Cash in a sentence
Company Closing Cash shall be determined after giving effect to the matters contemplated in this Section.
Notwithstanding anything herein to the contrary, Company Closing Cash Amount shall be calculated in accordance with the definition thereof on the basis of bank account information for the Paper Group and its Subsidiaries.
Notwithstanding anything herein to the contrary, for the purpose of calculating Company Closing Cash Amount, Company Closing Net Working Capital and Buyer Closing Net Working Capital, Seller and the Buyer shall use applicable currency exchange rates to United States currency as in effect as of the close of business on the third Business Day prior to Closing, as reported in the The Wall Street Journal.
The Company shall give reasonable consideration to any comments made by SPAC to its estimate of the Company Closing Cash, and the Company shall make the final determination of Company Closing Cash, acting reasonably.
For purposes of this Agreement, the “Estimated Cash Amount” means an amount equal to (i) Forty-Five Million Dollars ($45,000,000); minus (ii) the Estimated Transaction Expenses; plus (iii) the amount (if any) by which Estimated Working Capital exceeds -$150,000; minus (iv) the amount (if any) by which -$150,000 exceeds the Estimated Working Capital plus (v) the Estimated Company Closing Cash.