Retained Cash definition

Retained Cash means cash to be retained by Holding Company in the amount of (a) $75,000, the purpose of which is to pay for third party costs and expenses incurred after the Closing in connection with the Bank Dissolution and Holding Company Dissolution and (b) an amount mutually agreed upon by Buyer and Seller in connection with federal, state and local income taxes resulting from the P&A Transaction being structured as a purchase and assumption of the Assets and Liabilities, provided, however, that such amount shall be reduced by the amount of cash and value of other assets less other liabilities at the Holding Company as of Closing. To the extent that any Transaction Expenses cannot be paid by Seller prior to Closing, Retained Cash shall include an amount equal to such unpaid Transaction Expenses.

Retained Cash at the Closing may also include an additional amount of Renminbi to be used solely to purchase the Excluded Businesses not transferred to the Seller (or its designee) prior to the Closing, and any such purchase shall be completed within 3 months after the Closing, after which any such remaining amount not so used shall be transferred to an account designated by the Purchaser and will no longer be designated “Retained Cash”.

Retained Cash means cash, cash equivalents and short-term investments (as determined in accordance with GAAP) in the amount of US$130,000,000, denominated in U.S. Dollars, Renminbi or any combination thereof (subject to any reductions in respect of payments made pursuant to Section 5.01 (b)(ix)), and increased by the net cash, cash equivalents and short-term investments (as determined in accordance with GAAP) received by the Seller in connection with the sale or other transfer of any of the Excluded Businesses (i.e. net of any cash, cash equivalents and short-term investments (as determined in accordance with GAAP) transferred in connection with such sale or transfer). “Retained Cash” at the Closing may also include an additional amount of Renminbi to be used solely to purchase the Excluded Businesses not transferred to the Seller (or its designee) prior to the Closing, and any such purchase shall be completed within 3 months after the Closing, after which any such remaining amount not so used shall be transferred to an account designated by the Purchaser and will no longer be designated “Retained Cash”.

Examples of Retained Cash in a sentence

• On the Effective Date, Company shall, (i) have established a fully funded cash reserve for Exit Costs and (ii) in addition, have a cash balance, after giving effect to payment of the Consideration, in an amount equal to the Closing Cash Balance plus Retained Cash.

• As soon as practical after the Equity Distribution Date, Reorganized NWI shall inform the Disbursing Agent, in writing, of the value of the assets of Reorganized NWI and the amount of the Retained Cash, less the amount of its liabilities.

• Seller shall distribute, or cause to be distributed, any part of the Retained Cash Amount that remains available as of the consummation of the Seller Liquidation to an account designated by Purchaser no later than two Business Days following the consummation of the Seller Liquidation.

• All xxxxx cash, ------------------------------------------- depository and disbursement accounts of Choice (other than the Retained Cash Accounts) on the Distribution Date shall be transferred to Franchising after the allocations are made pursuant to this Section 2.07.

• Cash, cash equivalents and marketable securities and derivative instruments (collectively, "Cash") of the Seller and its Subsidiaries as of the Cut-off Date shall be retained by Seller as part of the Excluded Assets (the "Retained Cash").

More Definitions of Retained Cash

Retained Cash means the aggregate of:

Retained Cash means the amount of Cash in an amount to be agreed upon by Century and ML Media in writing and approved by the Bankruptcy Court for the purpose of administering and closing the Estate.

Retained Cash shall have the meaning ascribed to such term in Section 3.2 hereof.

Retained Cash means, at any time, an amount equal to the sum of (i) Net Cash Proceeds from issuance of Capital Stock, (ii) Realized Proceeds and (iii) the portion of Excess Cash Flow for any Fiscal Year, in each case of (i), (ii) and (iii) above that are not required to be applied to the repayment of the Loans pursuant to the Credit Agreement or the redemption of the Securities pursuant to this Indenture.

Retained Cash has the meaning given to it in Section 1.3(a).

Retained Cash has the meaning set forth in the Separation Agreement.

Retained Cash means Cash in the amount equal to the Liabilities and Wind Down Costs plus (ii) subject in all respects to the Chapter 11 Plan, any accrued but unpaid fees and expenses, as of Closing, owed to a Professional or a professional advisor retained by the Term A Lenders pursuant to such Professional’s or professional’s engagement letter; provided, however, that the amount of Cash in clause (i) shall be reduced, on a dollar for dollar basis, by the amount of Liabilities and Wind Down Costs that are paid prior to the Closing; provided, further, that if and to the extent the allowed amount of Priority and Administrative Claims is less than the Liabilities and Wind Down Costs, such resulting excess Cash shall, notwithstanding anything to the contrary contained in this Agreement, constitute an Acquired Asset and shall be promptly transferred to Buyer.