Examples of Trapped Cash in a sentence
Cash means the aggregate amount of all cash and cash equivalents (as recorded in the reconciled general ledger) credited to an account with a bank and repayable on demand (or within 30 days of demand) without condition attributable to any Leasehold Trust Group Member, excluding all Trapped Cash.
The Purchaser shall use its reasonable efforts to pay to the Seller any amounts of Excess Trapped Cash in an amount as high as possible but in no event more than USD 5,000,000 (five million United States dollars) per financial year.
Within five (5) Business Days from receipt of such payments, the Seller shall pay to the Purchaser the amount that was taken into account in the Net Cash determination as for Trapped Cash.
Shareholder loans due within one yearShareholder loans due within one year relate to the German Trapped Cash Equity Bridge loan.
During the twenty-four (24) month period following the Closing Date, Buyer shall use commercially reasonable efforts to cause any such Trapped Cash to cease to be Trapped Cash.