Minimum Closing Cash Amount definition

Minimum Closing Cash Amount means $36,500,000.
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Minimum Closing Cash Amount is defined in Section 1.13(b).
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Examples of Minimum Closing Cash Amount in a sentence

  • Newco shall have received (i) evidence, in form and substance reasonably satisfactory to Newco, that immediately prior to the Effective Time, the Company will hold Net Cash equal to at least the Minimum Closing Cash Amount, and (ii) a certificate signed on behalf of the Company by the Chief Financial Officer of the Company as to the amount of Net Cash of the Company as of such time.

  • The Company shall have Closing Date Cash at least equal to the Minimum Closing Cash Amount.

  • The Parties acknowledge and agree that the $10,000 in cash as to be retained by the Company pursuant to this Section 6.16 shall not constitute a part of the Minimum Closing Cash Amount, and such amount shall be excluded from all calculations hereunder, including any calculation of Net Working Capital at Closing.

Related to Minimum Closing Cash Amount

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • 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.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • 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.

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Target Working Capital Amount means $162,000,000.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Target Net Working Capital Amount means $0.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Final Closing Working Capital has the meaning set forth in Section 2.5(d).

  • Working Capital Escrow Amount means $1,000,000.

  • Closing Amount has the meaning set forth in Section 2.3.