Additional Cash Consideration definition
Examples of Additional Cash Consideration in a sentence
Parent External Adviser will have on the Closing Date sufficient funds to make the payment of the Additional Cash Consideration contemplated under Section 6.19 and Article II.
MHR shall notify the Seminole Parties at least three (3) business days prior to the Closing Date of the portion of the Additional Cash Consideration, if any, to be paid in cash, and the portion of the Additional Cash Consideration, if any, to be paid in shares of Common Stock.
MHR shall keep the Resale Registration Statement effective until the earlier to occur of the following events: (i) the Seminole Parties have transferred or sold to third parties all of the shares of Common Stock issued as satisfaction of the Additional Cash Consideration or (ii) the 180th day following the Closing Date.
Prior to the Closing, Parent shall enter into a customary exchange agreement with a nationally recognized financial institution designated by Parent and reasonably acceptable to the Company (the “Exchange Agent”) for the payment by Parent of the Merger Consideration as provided in Section 2.1(a)(ii) and for the payment by Parent External Adviser of the Additional Cash Consideration as provided in Section 6.19.
The Closing Cash Payment and any Additional Cash Consideration shall be allocated to the Company Stockholders, in accordance with the Allocation Schedule.