Cash Closing Consideration definition
Examples of Cash Closing Consideration in a sentence
Parent has and will have sufficient funds and committed lines of credit available for Parent to deliver the Estimated Cash Closing Consideration and any Contingent Payment in full and to consummate the transactions contemplated by this Agreement.
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Subject to Section 1.5, the aggregate purchase price for the Total Outstanding Securities to be purchased pursuant to Section 1.1 (the “Purchase Price”) shall be (a) an amount in cash equal to the Actual Aggregate Cash Closing Consideration plus the Stock Consideration plus the Substitute Option Shares.
On the Closing Date, the Parent shall or shall cause Parent’s transfer agent, as applicable, to deliver to Acquiom Survivor Units and Warrants in such amounts to be notified to Acquiom one (1) Business Day prior to such deposit, in each case as determined pursuant to the Merger Agreement (the “Equity Closing Consideration Deposit”, and together with the Cash Closing Consideration Deposit, the “Closing Consideration Deposit”).
Upon the terms and subject to the conditions of this Agreement, at the Closing, the Sellers shall sell, convey, assign, transfer and deliver the Units to the Buyer for an aggregate purchase price equal to the sum of each Seller’s Cash Closing Consideration, Stock Closing Consideration and Special Consideration, plus the Buyer-Paid Expenses, in each case, as set forth on the Closing Payment Schedule (the “Purchase Price”), to be paid as set forth in this Article.
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Subject to the provisions of Section 3.1(a), contemporaneously with the Closing, Purchaser shall pay to each US Equityholder an amount in cash equal to the Per Common Share Cash Closing Consideration times the number of Common Shares held by such US Equityholder (with respect to such US Equityholder, the “Common Share Closing Payment”).
The purchase price for the Shares (the "Purchase Price") shall be: (i) TWO MILLION ONE HUNDRED THOUSAND DOLLARS ($2,100,000) payable in immediately available funds at Closing (the "Cash Closing Consideration"); provided that such Cash Closing Consideration shall be subject to adjustment as set forth in Section 1.4 below; and (ii) ONE MILLION FIFTY-FIVE THOUSAND DOLLARS ($1,055,000) payable in cash on the first day after the first anniversary of the Closing (the "Deferred Consideration").
Subject to Section 2.04(b), Parent shall provide to the Exchange Agent immediately following the Effective Time (i) all the cash in U.S. dollars necessary to enable the Exchange Agent to pay the Per Share Cash Closing Consideration to each holder of Certificates and (ii) a sufficient number of shares of Parent Common Stock (whether represented in certificated or non-certificated book-entry form) to issue the aggregate Stock Consideration.
In addition to the right to receive the Cash Closing Consideration pursuant to Section 2.3(a) and the Stock Consideration pursuant to Section 2.3(b), the Company, or its assignees(s), shall have the right to receive up to the total amount of the Earnout Consideration, to the extent earned as calculated in accordance with this Section 2.3(c).