Retained Cash Amount definition

Retained Cash Amount has the meaning set forth in Section 2.2(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Retained Cash Amount means the amount of cash and Cash Equivalents held by Intelsat Luxembourg immediately after giving effect to the Transactions, including the payment of all fees and expenses associated therewith, less any amounts contributed by Intelsat Luxembourg to the Issuer following the Issue Date.

Retained Cash Amount means an amount of Cash, not to exceed $515,000,000, retained by the Debtors or their subsidiaries to fund their operations and to fund payments required pursuant to the Plan.

Examples of Retained Cash Amount in a sentence

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.
If the Cash Estimate is more than the Retained Cash Amount, no adjustment to the principal amount of the Buyer Note shall be made under this Section 2.6.
Five days prior to the Closing Date, ▇▇▇▇▇▇▇-▇▇▇▇▇▇ will provide Investor with calculations of the Adjustment Amount and components thereof, including an estimate of ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Taxes, and the Estimated Required Retained Cash Amount together with such supporting data as Investor may reasonably request.
Five days prior to the Closing Date, Alberto-Culver will provide Investor with calculations of the Adjustment Amount included in definition of Adjustment Amount and components thereof, including an estimate of Alberto-Culver Taxes, and the Estimated Required Retained Cash Amount together with such supporting data as Investor may reasonably request.
For the avoidance of doubt, all amounts deposited by or on behalf of any member of the Spinco Group with respect to cash and cash equivalents received on or prior to the Distribution Date in excess of the Retained Cash Amount shall be transferred to ▇▇▇▇▇▇▇-▇▇▇▇▇▇.
If the Final Retained Cash Amount payable to Sellers is less than the amount of such transaction costs paid by the Company, Buyer may offset the difference against the Guaranteed Payments.
Sellers shall pay the Company for all such expenses by a reduction in the Final Retained Cash Amount and the Guaranteed Payments, if necessary, equal to such expenses as provided in Section 9.12(a).
To the extent the Actual Cash Amount exceeds the Estimated Retained Cash Amount, Spinco shall pay to ▇▇▇▇▇▇▇-▇▇▇▇▇▇ within 5 days the amount of such excess by wire transfer of immediately available funds.
In furtherance of the foregoing, immediately prior to the Distribution Time, Spinco shall, and shall cause the Spinco Subsidiaries to, transfer to ▇▇▇▇▇▇▇-▇▇▇▇▇▇ the estimated amount of cash and cash equivalents on hand in excess of the good faith estimate of ▇▇▇▇▇▇▇-▇▇▇▇▇▇ of the Retained Cash Amount (the “Estimated Retained Cash Amount”), and shall promptly deliver written notice of such amount to Regis.
The parties shall cause the estimated Cash of New ▇▇▇▇▇ on hand immediately after the Distributions Time to equal the Estimated Required Retained Cash Amount.

More Definitions of Retained Cash Amount

Retained Cash Amount means any cash, cash equivalents and marketable securities held by Sellers other than QGI and QGWI as at the Closing Date (which shall in no event exceed $150,000), as initially estimated in the Estimated Payment Certificate, subject to adjustment after the Closing pursuant to Sections 2.9 and 2.11.

Retained Cash Amount has the meaning specified in the last paragraph of Section 2.05.

Retained Cash Amount is defined in Section 7.11(a).

Retained Cash Amount has the meaning set forth in the BCA.