Examples of Estimated Closing Date Cash in a sentence
Not less than three (3) Business Days prior to the anticipated Closing Date, Seller shall deliver to Buyer a written statement (the “Estimated Closing Statement”) setting forth in reasonable detail Seller’s calculation of the Estimated Purchase Price (including the Estimated Closing Date Net Working Capital, the Estimated Closing Date Cash Amount, the Estimated Closing Date Indebtedness Amount and the Estimated Closing Date Transaction Expenses).
Immediately prior to the Closing, the Company shall be permitted to make a one-time cash dividend payable to Seller in an amount equal to the Cash in excess of the Estimated Closing Date Cash; provided, however, that the (x) Company shall deliver at Closing an amount of Estimated Closing Date Cash of at least $2,500,000, and (y) amount of such dividend will in no event be in excess of an amount such that the Estimated Closing Date Cash would be less than $2,500,000.