Examples of Contributed Cash in a sentence
Put another way, the plaintiffs in the Underlying Action suffered no harm until the Senior Notes and Senior Secured Notes were actually exchanged for the Contributed Cash Flow Certificates.
First, they seek compensatory damages of approximately $110 million plus fees and costs against Delta Financial in favor of plaintiffs for Delta Financial’s failure to fulfill its obligation under the Exchange Agreement to indemnify and hold harmless Delta LLC against loss.44 The loss of which they complain is the difference between the actual value of the Contributed Cash Flow Certificates and the value Delta Financial gave them, which they assert is approximately$110 million.
Multiple mechanisms for establishing financial provision requirements were discussed during the meeting.
Similarly, plaintiffs assert in the second cause of action that Delta Financial breached the Management Agreement by failing to timely notify Delta LLC that the value of the Contributed Cash Flow Certificates was not $153 million.In the third and fifth causes of action, the plaintiffs seek damages for fraud and negligent misrepresentation, respectively, based upon the defendants’ valuation of the Contributed Cash Flow Certificates at $153 million.
Black’s Law Dictionary defines “payment” as the “[p]erformance of an obligation by the delivery of money or some other valuable thing accepted in partial or full discharge of the obligation.”51 The Contributed Cash Flow Certificates had some value, albeit less than $153 million.