Examples of SpinCo Closing Cash in a sentence
The Proposed Closing Statement shall be revised, if necessary, to reflect the final determination of the SpinCo Net Cash Flow and the SpinCo Closing Cash (the final form of the Proposed Closing Statement, including any revisions which are made thereto pursuant to this Section 2.16(c), is referred to herein as the “Final Closing Statement”).
If Parent gives SpinCo written notice of any disputed items within the Review Period, SpinCo and Parent shall attempt in good faith to agree on any adjustments that should be made to the Proposed Closing Statement in order to reflect the SpinCo Net Cash Flow and the SpinCo Closing Cash.
If the SpinCo Net Cash Flow as reflected on the Final Closing Statement is less than the SpinCo Closing Cash as reflected on the Final Closing Statement, SpinCo shall pay to Parent the amount by which the SpinCo Closing Cash exceeds the SpinCo Net Cash Flow.
For the avoidance of doubt, such reimbursement shall not impact the calculation of the SpinCo Cash Amount, which shall be based on SpinCo Closing Cash as of immediately following the Effective Time.