Examples of Election Purchase Price in a sentence
The Initial Election Purchase Price shall be allocated among the assets of Vanliner Group and the Transferred Subsidiaries (other than Vanliner Re) as set forth in Schedule II attached hereto (the “Allocation Statement”).
On the Effective Date, (a) the Debtors and the Note Purchaser shall sign the Note Purchase Agreement, (b) the Note Purchaser shall deliver to the Debtors Cash in an amount equal to the Proceeds Election Purchase Price and (c) the Debtors shall deliver to the Note Purchaser that portion of the Offered New Notes that relates to Claims in Class 4 that are Allowed Claims as of the Effective Date.
The portion of the Proceeds Election Purchase Price for the Offered New Notes that relate to Claims in Class 4 that are Allowed Claims as of the Effective Date shall be distributed on a pro rata basis to the Holders of such Allowed Claims in accordance with the Plan.
Purchaser A shall pay, or cause to be paid, by wire transfer of immediately available funds, the Additional Company Purchase Price (if any) and the Election Purchase Price (if any) into a bankaccount maintained in the name of the Company in a bank in Israel, details of which will be provided by the Company at least two (2) Business Days prior to the Closing Date.
To the extent the Initial Election Purchase Price (as defined in Section 3(c) hereof) is adjusted from time to time, Seller and Acquiror shall file all required, necessary or appropriate amended or supplemental forms to effect the provisions of this Section 3.
Six (6) business days after the six-month anniversary of the Effective Date (or prior thereto if all of the Proceeds Election Claims are resolved prior to the six-month anniversary of the Effective Date), any amount of the Proceeds Election Purchase Price that remains in the interest bearing account shall be paid, plus interest actually earned thereon, to the Note Purchaser.
In the event that the Note Purchaser is not obligated to and elects not to purchase such New Notes and no other Person or Entity agrees to purchase such New Notes at the Proceeds Election Purchase Price, then such New Notes shall be cancelled and the Reorganized Debtors shall distribute Cash in an amount equal to the aggregate face amount of such New Notes multiplied by the Proceeds Election Purchase Price to such Holders.
The portion of the Proceeds Election Purchase Price for the Offered New Notes that relate to Proceeds Election Claims that are not Allowed Claims in Class 4 as of the Effective Date shall be deposited by the Debtors into a segregated, interest bearing account of the Debtors, to be distributed in accordance with Section V.J.5. of the Plan.
The parties agree that Seller’s payment of the Election Consideration to Acquiror shall be treated for all purposes as a reduction in the amount of the Purchase Price and has been reflected in determining the Initial Election Purchase Price.