Examples of Cash Alternative in a sentence
The Issuer will pay the Cash Alternative Amount, together with any other amount due in satisfaction of the relevant exercise of Investor Cash Settlement Rights, by not later than five Trading Days following the last day of the Cash Alternative Calculation Period by transfer to a euro account with a bank in a city in which banks have access to the TARGET System in accordance with instructions given by the relevant Bondholder in the relevant Conversion Notice.
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At this level, the Cambian Board believes that the Full Cash Alternative will provide Cambian Shareholders with the opportunity to receive an immediate and certain amount in cash that would otherwise be unlocked over time as Cambian executes its strategy and realises its longer-term growth and margin expansion prospects, subject always to execution risks.
There will be a Full Cash Alternative pursuant to which Cambian Shareholders can elect to receive all cash consideration for each Cambian Share held at the Scheme Record Time instead of the cash and the New CareTech Shares to which they would otherwise be entitled under the terms of the Headline Offer.
As an alternative, participants holding options in the LTIP will be offered the opportunity to receive an amount equal to the Full Cash Alternative per vested Cambian Share in respect of 50 per cent.