Examples of Additional Cash Consideration in a sentence
The billed receivables were $2,389,327 while the working capital adjustment was $(145,295), which together form the Additional Cash Consideration of $2,244,032.
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.
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.
Until so surrendered, outstanding Certificates (other than those representing Dissenting Shares, unless the holder thereof loses its right to appraisal) will be deemed from and after the Merger 1 Effective Time, for all corporate purposes, to evidence the right to receive the Merger Consideration and Additional Cash Consideration into which such securities shall have been so converted.
The Additional Cash Consideration shall be payable, at MHR’s sole discretion, in cash or shares of restricted common stock of MHR (the “Common Stock”), or any combination thereof.