Examples of Cash Shortfall Amount in a sentence
The Closing Cash Payment will reflect a decrease on a dollar-for-dollar basis by the amount of any Cash Shortfall Amount as set forth in the Cash Amount Estimate Certificate.
The Debtors shall have received, or concurrently with the occurrence of the Effective Date shall have received, at least $23 million in Cash either from (a) Ascent in the form of the Net Cash Amount and, if applicable, the Backstop Commitment Parties in the form of the Net Cash Shortfall Amount, or (b) the Backstop Commitment Parties in the form of the Ascent Default Amount.
The proceeds of the Rights Offering will be used, together with the Net Cash Amount, the Net Cash Shortfall Amount or the Ascent Default Amount (each as defined below), as applicable, to (i) pay down, in cash, $50 million of the revolving credit portion of the DIP Facility, and (ii) pay down, in cash, $150 million of term loans under the Prepetition Term Loan Facility.
It is a condition to the obligations of both our company and AerSale to consummate the Business Combination that the Available Cash Shortfall Amount not exceed $50 million.
It is a condition to the obligations of both our company and AerSale to consummate the proposed Business Combination that the Available Cash Shortfall Amount not exceed $50 million.The Closing is subject to certain conditions, including but not limited to an approval of our stockholders of the Merger Agreement.