Interim Cash definition

Interim Cash has the meaning set forth in Section 5.16(c).

Interim Cash has the meaning set forth in Section 5.16(c). “Interim Cure” has the meaning set forth in Section 5.16(c).

Interim Cash has the meaning set forth in Section 2.6(g). “Inventory” means all inventory of goods, merchandise, food, beverages, Supplies, tobacco inventory and other products (including, to the extent transferable to Buyer pursuant to the transactions contemplated hereby and under applicable Law, alcohol and other alcoholic beverages), in each case, that is offered for sale to customers at the Stores and owned by Sellers, other than Excluded Inventory. “Inventory Count” has the meaning set forth in Section 2.6(a). “Inventory Date” has the meaning set forth in Section 2.6(a). “Inventory Purchase Price” has the meaning set forth in Section 2.6(b). “Inventory Taker” has the meaning set forth in Section 2.6(a). “IP Assignment and Assumption Agreement” has the meaning set forth in Section 2.5(a)(iv). “IRS” means the U.S. Internal Revenue Service. “Kips Bay Inventory, Cash and Prepaid Amount” has the meaning set forth in Section 2.3(a)(vi). “Kips Bay Store” means the Store operated by Sellers at 000 0xx Xxxxxx, Xxx Xxxx, XX 00000. “Knowledge of Sellers” means the actual knowledge of the individuals identified on Section 1.1 of the Disclosure Schedule under the heading “Knowledge Parties”. “Law” means any constitution applicable to, and any statute, treaty, code, rule, regulation, ordinance, or legally binding requirement of, any Governmental Authority. 10

Examples of Interim Cash in a sentence

• Oak Valley shall use the proceeds of the Oak Valley Capital Call (i) to consummate any Oak Valley Interim Cash Acquisition or Oak Valley Interim Cash-Stock Acquisition, as permitted pursuant to Section 5.2(b), and (ii) to make the Closing Cash Contribution.

• Any Account Collateral consisting of Interim Cash held by the Collateral Agent shall be released in accordance with Section 5.16(c).

• The Interim Cash Flow statement shall also show (a) any Carve-out Cash or Carve-out Debt in relation to the relevant Delayed NSC and in the case of a NSC Newco the balance, if any, of any indebtedness owed by the relevant NSC Newco to any member of the Seller Group as at close of business on the Delayed Transfer Date; and (b) the NSC Set Up Costs for the relevant Delayed NSC.