Target Cash Balance definition

Target Cash Balance means, as of any date of determination, an amount, determined by the Operating Partnership in its reasonable discretion, equal to the sum of the following:

Target Cash Balance means $144,111,835.86.

Target Cash Balance means $400,000.

Examples of Target Cash Balance in a sentence

• In the event that, after review and reconciliation, the TM Effective Time Cash Balance is less than the TM Target Cash Balance, IAC shall make one or more payments to TM Spinco as promptly as practicable after the Effective Time, but in no event more than [ninety (90)] days after the Effective Time, totaling an amount equal to the excess of the TM Target Cash Balance over the TM Effective Time Cash Balance.

• The aggregate cash on hand of the Newly-Formed LLCs on the Closing Date shall equal or exceed the Target Cash Balance.

• If the actual cash balance is less than the Target Cash Balance, then the amount determined in 1 above will be reduced to an amount that would yield the Target Cash Balance.

• For the avoidance of doubt, (i) non-client cash and cash equivalents and marketable securities reflected in the bank statements (or their equivalents) of TM Spinco’s domestic client bank statements (or their equivalents) will be included in the calculation of the TM Target Cash Balance and (ii) client cash designated for payment to clients representing the face amount of tickets sold will not be included in the calculation of the TM Target Cash Balance.

• If the Seller delivers cash at closing to Purchaser as provided in the Closing Date Cash Balance and Indebtedness Statement that equals the Target Cash Balance, there shall be no adjustment to the Transaction Consideration.

More Definitions of Target Cash Balance

Target Cash Balance means, at any time, the lesser of $8,000,000 or an amount equal to fifty percent (50%) of the Principal Amount outstanding under this Note and the Other Notes at such time.

Target Cash Balance. Means EUR 200,000 (in letters: two hundred thousand euros), in cash on the accounts of the Company on the Signing Date.

Target Cash Balance means $2,500,000.

Target Cash Balance means [***], being the aggregate cash balances of the Group Companies based on the Completion Pro Forma;

Target Cash Balance means an amount equal to such amount as required to $400,000.

Target Cash Balance means the sum of: (i) the Estimated Cash Balance and (ii) the October Accrued Profit Amount;

Target Cash Balance means the sum of: (i) the Estimated Cash Balance and (ii) the October Accrued Profit Amount; "Target Working Capital" means negative [***];