Examples of Closing Date Cash Merger Consideration in a sentence
The Parent has as of the date of this Agreement, and will have as of the Closing, sufficient cash on hand with which to pay the Closing Date Cash Merger Consideration and consummate the Transactions.
An amount equal to fifty percent (50%) of the premium for the D&O Policy shall be added to the Closing Date Cash Merger Consideration.
Each such Stockholder shall also be entitled to receive a portion of the Closing Date Cash Merger Consideration payable to the Stockholders’ Representative (for the account of and on behalf of the Stockholders) under this Agreement, which portion shall be determined in accordance with that certain Direction Letter, dated as of the Execution Date, among the Stockholders’ Representative and the Stockholders (the “Direction Letter”).
For the avoidance of doubt, the Closing Date Cash Merger Consideration as adjusted pursuant to this Section 4.3(b) shall be the “Final Cash Merger Consideration” for the purposes of this Agreement.
Notwithstanding anything in this Agreement to the contrary, any adjustments to Closing Date Cash Merger Consideration (including in connection with Section 3.7) that are Blocker Adjustments shall be allocated solely to the respective Blocker Securityholder of the applicable Blocker, such allocation to be reflected on the Allocation Schedule.
Any holder of Shares who has not theretofore complied with this Section 1.7 shall thereafter look only to the Surviving Corporation for payment of the Closing Date Cash Merger Consideration (after giving effect to any required Tax withholdings as provided in Section 1.7(g)) upon due surrender of its Stock Certificates (or affidavits of loss in lieu of the Stock Certificates as provided in Section 1.7(f) below) or Book-Entry Shares, without any interest thereon.
An amount equal to fifty percent (50%) of the Premium Balance shall be deducted from the Closing Date Cash Merger Consideration, in lieu of the payment of such amount to the Stockholders’ Representative (on behalf of the Stockholders) and the further payment by the Stockholders’ Representative (on behalf of the Stockholders) of the Stockholders’ proportionate share of such Premium Balance.
Until a Company Stockholder has delivered its Letter of Transmittal to Parent, its shares of Company Common Stock (other than Dissenting Shares) or Company SAFEs, as applicable, shall be deemed from and after the Effective Time, for all purposes, to evidence the right to receive its allocable portion of the Closing Date Stock Merger Consideration or the Closing Date Cash Merger Consideration at the Closing pursuant to Section 2.04(b)(iii) or (iv), as applicable.