Estimated Cash on Hand definition

Estimated Cash on Hand has the meaning set forth in Section 2.05(b).

Estimated Cash on Hand as set forth in a certificate delivered by the Sellers to Purchaser no later than three business days prior to the Closing. Sellers will use reasonable efforts to ensure that Estimated Cash on Hand shall be approximately $30,000,000;

Estimated Cash on Hand means Seller’s good faith estimate of the amount of Cash on Hand, based on the books and records of Seller and the Sold Companies.

Examples of Estimated Cash on Hand in a sentence

• In the event that Purchaser does not deliver the Closing Balance Sheet and the Closing Statement within such 75-day period, Purchaser shall be conclusively deemed to have accepted the Estimated Cash on Hand, the Estimated Closing Indebtedness and the Estimated Company Transaction Expenses as the Cash on Hand, the Closing Indebtedness, and the Company Transaction Expenses, respectively.

• The “Estimated Purchase Price” shall mean (i) $174,000,000, plus (ii) the amount by which Estimated Net Working Capital exceeds Target Working Capital (or minus the amount by which Target Working Capital exceeds Estimated Net Working Capital), plus (iii) the total amount of Estimated Cash on Hand, minus (iv) the outstanding amount of Estimated Indebtedness, minus (v) the amount of Estimated Seller Expenses.

More Definitions of Estimated Cash on Hand

Estimated Cash on Hand has the meaning assigned to such term in Section 3.1(a)(ii).

Estimated Cash on Hand as defined in Section 2.2(a). “Estimated Common Share Purchase Price” — the sum of (a) $118,027,022.85, plus (b) the Estimated Cash on Hand, minus (c) the outstanding amount of Indebtedness as of the close of business on the Closing Date, minus (d) the amount of any Transaction Costs set forth on Part 3.35 of the Disclosure Letter, plus (e) the amount, if any, by which the Estimated Net Working Capital exceeds the NWC Target, minus (f) the amount, if any, by which the Estimated Net Working Capital is less than the NWC Target.

Estimated Cash on Hand has the meaning assigned to such term in Section 2.9(d).

Estimated Cash on Hand is defined in Section 2.3(a) of this Agreement.

Estimated Cash on Hand means the Company’s good faith estimate of the amount of Cash on Hand.

Estimated Cash on Hand means the USA Estimated Cash-On-Hand plus, if there is a Canadian Closing, the Canadian Estimated Cash-On-Hand.

Estimated Cash on Hand means the total amount of Cash on Hand as estimated in good faith by the Company and set forth in a statement delivered to Parent at least three days before the Closing Date and subject to the reasonable approval of Parent.