Cash Purchase definition

Cash Purchase shall refer to the purchase in cash of 51% or more of outstanding shares of Common Stock of the Corporation. For the avoidance of doubt, a Cash Purchase shall not include any Deemed Liquidation Event.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Cash Purchase. This is an all-cash sale and purchase and it is NOT contingent upon obtaining financing even though Purchaser may apply to a lending institution of Purchaser's choice for a mortgage loan. Purchaser understands and agrees that neither its receipt of a commitment from such a lending institution, its acceptance of such a commitment, nor its satisfaction or failure to satisfy any condition set forth in such a commitment, shall in any way be conditions to or excuse the performance of Purchaser's obligations under this Agreement.

Cash Purchase has the meaning set forth in Section 3.03(b).

Examples of Cash Purchase in a sentence

Any amount not paid for the Asset Portfolio hereunder as Cash Purchase Price shall be paid to Seller as the RPA Deferred Purchase Price pursuant to, and only to the extent required by, the priority of payments set forth in Sections 2.2(b) and (c) and otherwise pursuant to the terms of this Agreement (including Section 2.6).
The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Investor Notes.
The Seller shall be obligated to accept the proceeds of such Delayed Financial Institution’s portion of the applicable Cash Purchase Price on the applicable Delayed Purchase Date in accordance with this Section 1.2(a).
No Delayed Financial Institution (or, for the avoidance of doubt, its related Conduit) shall be obligated to pay its Pro Rata Share of the applicable aggregate Cash Purchase Price until the applicable Delayed Purchase Date.
A Delayed Financial Institution shall pay its Pro Rata Share of the applicable aggregate Cash Purchase Price on the applicable Delayed Purchase Date in accordance with this Section 1.2(a); provided, however, that a Delayed Financial Institution may, in its sole discretion, pay its Pro Rata Share of the applicable aggregate Cash Purchase Price on any Business Day prior to such Delayed Purchase Date.
The portions of the OID and the Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B.
Notwithstanding the foregoing, the Transaction Documents shall be fully effective upon exchange of electronic signature pages by the parties and payment of the Initial Cash Purchase Price by Investor.
Each Purchase Notice shall be subject to Section 6.2 hereof and, except as set forth below, shall be irrevocable, shall specify the requested Cash Purchase Price (which shall not be less than $1,000,000 and in additional increments of $100,000) and the requested date of such Incremental Purchase (which shall be on a Business Day) and if the Cash Purchase Price thereof is to be funded by any of the Financial Institutions, the requested Discount Rate and Rate Tranche Period.
For the avoidance of doubt, a Delayed Financial Institution shall not be deemed to have made any such Incremental Purchase until its applicable portion of the Cash Purchase Price is paid.
For the avoidance of doubt, the Initial Cash Purchase Price constitutes payment in full for this Warrant.

More Definitions of Cash Purchase

Cash Purchase has the meaning provided in Section 2.4.

Cash Purchase means a voluntary cash investment in the Common Stock of the Company through the Plan.

Cash Purchase. Price shall have the meaning given such term in Section 2.01(B) of this Agreement.