Aggregate Cash Proceeds definition
Examples of Aggregate Cash Proceeds in a sentence
The Aggregate Cash Proceeds shall not be less than $50,000,000; provided that the aggregate amount of Target Group Company Transaction Expenses and Rigel Transaction Expenses to be paid in cash by Newco in connection with the Closing shall not be in excess of $17,000,000.
Parent has, and will have at all times prior to the Closing, sufficient cash, available lines of credit, including under the Bridge Loan, or other sources of immediately available funds to enable it to make payment of the Aggregate Cash Proceeds.
Mr. Xxxxxx hereby authorizes the Buyer to deduct the Xxxxxx Payable Amount from his Aggregate Cash Proceeds and pay such amount to the Company at Closing.
The parties hereto agree that the amounts contributed to the Reserve Account, the General Escrow Account, the Tax Escrow Account and the T-I Escrow Account shall be contributed first, by the Company from the Specified Employees Bonus Amount payable to such Seller, if any, second, by the Company from the Accrued Dividend Amount payable to such Seller, if any, and third, by Buyer from the Aggregate Cash Proceeds payable to such Seller.
No Seller has any right to receive any dividends or distributions with respect to any capital stock or debt of the Company, whether as a result of the transactions contemplated hereby or otherwise, other than each Seller’s respective right to receive such Seller’s portion of the Aggregate Cash Proceeds.