Cash Balance Amount definition
Examples of Cash Balance Amount in a sentence
The "Cash Balance Amount" shall initially be $20 million, which amount may be changed from time to time by Unanimous Partnership Governance Committee Action.
Any time the Partnership's cash (excluding cash in the capital fund and any other cash held for a specific project) is greater than the Cash Balance Amount, by written notice to the Partnership both Partners of an Affiliated Partner Group shall be entitled to borrow from the Partnership and the Partnership shall promptly advance to such Partners, their respective Participation Percentages of the Partnership's cash in excess of the Cash Balance Amount.
For example, if pursuant to the Series D Financing, the Company sells a total of $17,200,000 of Series D Convertible Preferred Stock consisting of $9,200,000 derived from note conversion and $8,000,000 from new money, then the Company will grant the Employee the stock option grant described in Section 2(c)(1), with the New Cash Balance Amount totaling $4,000,000.
The indemnifying Party will have the right to assume control of the defense and/or settlement of any such Claim; provided that the indemnifying Party will keep the indemnified Party reasonably informed of all material developments in such defense.
After giving effect to each Advance and the application of the proceeds thereof within three (3) Business Days of the date such Advance is made, the pro forma Consolidated Cash Balance Amount does not exceed the Consolidated Cash Balance Threshold.
Without limiting the responsibilities and obligations of the 7-Eleven Entities with respect to Cash (as defined in the 7-Eleven Agreements), W▇▇▇▇ Fargo and 7-Eleven will work together in good faith to resolve any differences in the Estimated Cash Balance Amount and the Cash Balance in the Starting Cash Report to arrive at the Starting Cash amount to be used in the settlement of the 7-Eleven Agreements.
If following the Series D Financing, the Company raises additional proceeds from the sale of equity totaling $5,000,000 in the aggregate, the Company will grant the Employee an additional option pursuant to this Section 2(c)(2) to allow the Employee to retain the 5% Interest, but such 5% Interest will be calculated using only the New Cash Balance Amount of $4,000,000 and not the entire $5,000,000 of proceeds raised in such financing.
After giving effect to each Advance and the application of the proceeds thereof within three (3) Business Days from the date such Advance is made, the pro forma Consolidated Cash Balance Amount shall not exceed the Consolidated Cash Balance Threshold.
The Voyix Cash True-Up Statement shall set forth whether the Voyix Final Cash Balance Amount was in excess of $250,000,000 (the “Voyix Cash Target Amount”).
If the aggregate amount of Notes tendered pursuant to any Excess Cash Balance Offer is less than the Excess Cash Balance Offer Amount, the Company may use any remaining Excess Cash Balance Amount for any purposes not prohibited by this Indenture.