Estimated Cash has the meaning set forth in Section 2.4(a).
Estimated Closing Cash has the meaning set forth in Section 2.4(a).
Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.
Closing Cash Amount shall have the meaning set forth in Section 2.8(b).
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.
Estimated Working Capital Adjustment means the amount by which the Estimated Working Capital is greater or less than the Base Working Capital, any such excess amount being treated as a positive number and any shortfall being treated as a negative number;
Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.
Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).
Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.
Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).
Closing Date Cash has the meaning specified in Section 3.4(a).
Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).
Holdback Amount has the meaning set forth in Section 2.1(c).
Working Capital Escrow Amount means $2,000,000.
Earnout Amount has the meaning provided in Section 2.9(b).
Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.
Closing Cash Payment has the meaning set forth in Section 2.06(a).
Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.
Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).
Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after 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.
Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).
Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).
Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.
Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).
Retained Amount means the present value (as determined in accordance with sections 280G(b)(2)(A)(ii) and 280G(d)(4) of the Code) of the Total Benefits net of all federal, state and local taxes imposed on Executive with respect thereto.