Closing Cash. (a) No later than five (5) days after the Closing Date, the Parties shall agree on the balance of the cash and cash equivalents of the Company on consolidated basis as of the Closing Date. “Excess Cash” for these purposes shall mean the sum of cash and cash equivalents evidenced by a balance statement generated by the Company using such online banking system of the bank where the bank account of Company is maintained, or such other reasonable documentary evidence, and shall be witnessed and signed by the directors of the Company.
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Sources: Agreement and Plan of Merger (Kairous Acquisition Corp. LTD), Merger Agreement (Kairous Acquisition Corp. LTD)
Closing Cash. (a) No later than five (5) days after the Closing Date, the Parties parties shall agree on the balance of the cash and cash equivalents of the Company on consolidated basis as of the Closing Date. “Excess Cash” for these purposes shall mean the sum of cash and cash equivalents evidenced by a balance statement reasonably satisfactory to Parent. Such balance statement shall be generated by the Company using such online banking system of the bank where the bank account of Company is maintained, maintained or such other reasonable documentary evidenceequivalent agreed by the Company and the Parent, and shall be witnessed and signed by the directors of the Company.
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