Purchased Cash definition

Purchased Cash shall have the meaning set forth in Section 2.01(i).
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Purchased Cash is defined in Section 2.1(a)(xiv).
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Purchased Cash means, as of the Effective Time, all of Group Companies’ cash deployed in the Business, including all cash located in gaming and redemption devices, located in count facilities, stored in any vaults or safes, or in-transit to or from Group Companies’ facilities and/or all receivables from gaming locations (to the extent not included in the calculation of Closing Net Working Capital) and consistent with the example calculation of Purchased Cash as of January 31, 2023 set forth on Schedule 2.7(d).
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Examples of Purchased Cash in a sentence

  • No later than three (3) Business Days following each such Subsequent Closing Date, Purchaser Sub shall deliver to the Company an amount of cash equal to the Purchased Cash with respect to the Acquired Stores transferred on such Subsequent Closing, together with a receipt related thereto.

  • No later than three (3) Business Days following each such Subsequent Closing Date, Buyer shall deliver to Parent an amount of cash equal to the Purchased Cash with respect to the Acquired Stores transferred on such Subsequent Closing, together with a receipt related thereto.

  • In addition, the Closing Payment will be increased by the Estimated Purchased Cash Amount and decreased by the Estimated Indebtedness Amount, in each case, in accordance with Section 2.5(a).

  • Schedule 2.7(d) sets forth an example calculation of Purchased Cash as of January 31, 2023.

  • Payment for the Restaurant Inventory and Purchased Cash must be made within ten (10) days following the Closing Date.

  • At Closing J&J shall pay or cause to be paid to Seller an amount (the “Closing Payment”) equal to (i) the Estimated Base Purchase Price as determined pursuant to Section 2.7(c), plus or minus (ii) the Initial Net Working Capital Adjustment Amount as determined pursuant to Section 2.7(b), plus (iii) the Estimated Purchased Cash Amount as determined pursuant to Section 2.7(b), less (iv) the Estimated Indebtedness Amount as determined pursuant to Section 2.7(b).

  • The purchase price for the Purchased Assets shall be an amount equal to the value of the Restaurant Inventory plus Purchased Cash (as defined herein) plus the assumption of the Assumed Liabilities.

  • At least two licensed and experienced personnel of Buyer at each facility where the Physical Count is conducted shall certify in writing the amount of Purchased Cash located at such facility which is counted in the Physical Count, and ▇▇▇▇▇ shall deliver such signed written certifications to Parent within five days of the completion of the Physical Count.

  • Within forty-five (45) days after the Closing, Purchaser shall cause to be prepared and delivered to the Company a statement (the “Closing Statement”) setting forth Purchaser’s calculation of Purchased Cash and in reasonable detail demonstrating each component thereof (i.e., Purchaser’s calculation of the Cash Adjustment, Purchaser’s calculation of the Agreed Capital Expenditures and Purchaser’s calculation of the Cash Flow Adjustment).

  • Not less than two Business Days prior to the anticipated Closing Date, the Company shall deliver to Purchaser a statement in a form mutually agreed to by the Parties (the “Estimated Closing Statement”) setting forth in reasonable detail the Company’s good faith calculation of the Estimated Purchased Cash and demonstrating each component thereof (i.e., the Estimated Cash Adjustment, the estimated Agreed Capital Expenditures and the Estimated Cash Flow Adjustment).


More Definitions of Purchased Cash

Purchased Cash means $18,385,459 (a) (i) plus the Cash Adjustment, if a negative number, or (ii) minus the Cash Adjustment, if a positive number, (b) plus the Agreed Capital Expenditures and (c) (i) plus the Cash Flow Adjustment, if a negative number, or (ii) minus the Cash Flow Adjustment, if a positive number, all as reflected on the Closing Statement.
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Purchased Cash means cash and cash equivalents of any FMLP Operating Entity held in any payroll account, petty cash account or any other bank account of any FMLP Operating Entity which the parties agree to transfer to Buyer.
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Purchased Cash means the amount of cash and cash equivalents, including commercial paper and short-term government bonds, of the Company and its Subsidiaries on a consolidated basis as of the Closing, net of any outstanding checks issued by the Company or a Subsidiary thereof. With respect to ▇▇▇▇▇▇▇, only forty-five percent (45%) of ▇▇▇▇▇▇▇’s Purchased Cash shall be included in the calculation of Purchased Cash.
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Related to Purchased Cash

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Trapped Cash means any cash, checks, rental deposits and bank credit balances that are subject to any restrictions or local exchange control, Tax or other requirements, such that the full amount of such deposits cannot be accessed within 90 days (for the avoidance of doubt, any cash, checks, rental deposits and bank credits balances that are subject statutory reserve that the Company’s PRC Subsidiaries are required to set aside pursuant to PRC laws shall be not be treated as “Trapped Cash”); provided, that any amounts that are subject to short term investments or time deposits with maturities less than 363 days as of any relevant time of determination shall not be deemed “Trapped Cash” unless after such maturity, they would be subject to any of the aforesaid restrictions.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Sold Assets has the meaning set forth in Section 2.01(b).