Cash Election Notice definition

Cash Election Notice has the meaning set forth in Section 2.4.

Cash Election Notice is defined in Section 2.1(e).

Cash Election Notice is defined in Section 4.6(a)(iv).

Examples of Cash Election Notice in a sentence

• AIMCO shall use its best efforts to cause IPT to issue, on the date the Cash Election Notice is required to be delivered, via the Dow Xxxxx News Service and PR Newswire, a press release announcing the Cash Percentage.

• Each Cash Election Notice must specify the amount of Interest that shall be paid as Cash Interest, if any, and the amount of Interest that shall be paid in PIK Notes.

• The Exchanging Member may retract its Exchange Notice by giving written notice (the “Retraction Notice”) to the Company (with a copy to PubCo) at any time prior to 5:00 pm, New York time, on the first Business Day after delivery of the Cash Election Notice.

• In order to make a Cash Election with respect to an Exchange, the Company must provide written notice (the “Cash Election Notice”) of such election to the Exchanging Member prior to 5:00 pm, New York time, on the first Business Day after the date on which the Exchange Notice shall have been received by the Company and PubCo. If the Company fails to provide a Cash Election Notice prior to such time, it shall not be entitled to make a Cash Election with respect to such Exchange.

• As promptly as practicable following the delivery of the Cash Election Notice, but in any event, no more than five (5) Business Days after delivery of an Election of Exchange (unless Bakkt Pubco in its sole discretion agrees in writing to a shorter period), Bakkt Pubco shall deposit or cause to be deposited the Cash Amount in the account of such exchanging holder specified in its Election of Exchange.

More Definitions of Cash Election Notice

Cash Election Notice has the meaning set forth in Section 2.1(b) of this Agreement.

Cash Election Notice has the meaning given to such term in Section 3.6(d).

Cash Election Notice means a written, irrevocable notice to the Company given prior to 5:00 p.m., New York City time, on the NYSE trading day prior to the Closing Date, that reduces the Share Consideration to zero, in which case the Cash Consideration shall be increased to $23.50 (and the Merger Consideration would therefore equal $23.50 in cash).

Cash Election Notice has the meaning provided in Condition 7(e);

Cash Election Notice has the meaning set forth in Section 15.01(b).

Cash Election Notice means a notice by the Issuer to the relevant Bondholder exercising its Exchange Right of the Issuer’s election to satisfy Exchange Rights by making a cash payment, substantially in the form appearing in Schedule 5;

Cash Election Notice substantially in the form of Schedule 5 hereto) to the relevant Bondholders by not later than the date (the “Cash Election Exercise Date”) falling five business days in Hong Kong following the relevant Exchange Date, with a copy to the Trustee, the Principal Agent and the Registrar, to satisfy the exercise of the Exchange Right in respect of the relevant Bonds, in whole or in part, and where in part, by reference to either (i) the principal amount of the Bonds in respect of which the Cash Election is being exercised (a “Principal Limit”), or (ii) a maximum amount in U.S. dollars to be paid upon exercise of the Cash Election (a “Cash Limit”), by making payment, or procuring that payment is made, to the relevant Bondholder of the Cash Alternative Amount pursuant to the Conditions instead of delivering the pro rata share of the Exchange Property, together with any other amounts payable by the Issuer to such Bondholder pursuant to the Conditions in respect of, or relating to, the relevant exercise of Exchange Rights. The Cash Election Notice shall specify whether the Cash Election is in respect of the whole of such Exchange Property or any part thereof, and if in respect of part, shall specify the relevant principal amount if a Principal Limit is applicable or the maximum amount payable if a Cash Limit is applicable. The Issuer shall calculate and pay the Cash Alternative Amount directly to the relevant Bondholder by no later than four Payment Business Days following the last day of the Cash Alternative Calculation Period (the “Cash Alternative Payment Date”).