Initial Cash Merger Consideration definition
Examples of Initial Cash Merger Consideration in a sentence
Parent has, or will have prior to the Effective Time, sufficient cash, available lines of credit or other sources of immediately available funds to enable it to pay the aggregate Initial Cash Merger Consideration.
If a decrease of the Initial Cash Merger Consideration as a result of the change in the Closing Adjustment Amount as shown in the Final Statement requires a refund to Purchaser, such payment will be made by wire transfer of immediately available funds from the Sellers to Calavo.
If an Equity Shortfall Notice is delivered to MHRx, MHRx shall have the option, exercisable in its sole discretion, to elect to reduce the Initial Cash Merger Consideration by the Equity Shortfall Amount and increase the number of Initial Parent Shares by a number of shares of Parent Common Stock equal to the Equity Shortfall Amount divided by $20.
If an increase of the Initial Cash Merger Consideration as a result of the change in the Closing Adjustment Amount as shown in the Final Statement requires a refund to the Sellers, such payments shall be made by wire transfer of immediately available funds by Calavo to the Trust, net of applicable withholding taxes.
If any of the Initial Cash Merger Consideration Inputs in the Closing Statement are different than the Initial Cash Merger Consideration Inputs in the Closing Notice, then corresponding adjustments will be made to the Merger Consideration.
At the Effective Time, the Company shall pay to each holder of Vested Options the portion of the Initial Cash Merger Consideration to which he or she is entitled pursuant to this Section 1.6(a), less applicable Taxes required to be withheld with respect to such payments.
If a downward adjustment to the Initial Cash Merger Consideration is required to be made in accordance with this Section 1.9(d), Buyer shall be entitled to receive, and the Escrow Agent shall deliver to Buyer, such downward adjustment in accordance with Section 1.9(h).
If a downward adjustment to the Initial Cash Merger Consideration is required to be made in accordance with this Section 1.9(c), Buyer shall be entitled to receive, and the Escrow Agent shall deliver to Buyer, such downward adjustment in accordance with Section 1.9(h).
For the avoidance of doubt, attached hereto as Exhibit M is a flow of funds memorandum which shall be completed immediately prior to Closing in substantially the form attached hereto (the "Funds Flow Memorandum") reflecting the payment of the Company Transaction Expenses, the deposit of the Escrow Deposit with the Escrow Agent, the payment of the Initial Cash Merger Consideration and the payment of the Cash Retention Bonuses.
The Initial Cash Merger Consideration payable at the Closing pursuant to Sections 1.4 and 1.10(a) shall also be reduced by an amount equal to the Estimated Indebtedness.