Maximum Cash Amount definition
Examples of Maximum Cash Amount in a sentence
For the avoidance of doubt, if the Maximum Cash Amount is equal to or less than the Final Cash Balance, then Parent or any member of the Parent Group shall not have any obligation to pay or provide any cash or cash equivalents to any member of the Varex Group.
In addition, as is more fully set forth below, the aggregate amount of cash to be paid to APY Public Stockholders (the "Maximum Cash Amount") shall not exceed the product of (i) the Standard Cash Consideration and (ii) the Outstanding APY Shares.
If more than the Maximum Cash Amount is elected pursuant to the Cash Option it will be necessary to pro rate the Maximum Cash Amount among those holders who elected to receive cash and pay the balance of the Elected Cash Amount in Units.
In addition, the Maximum Cash Amount to be paid to holders of APY Common Stock will not exceed the product of the Standard Cash Consideration and the number of Outstanding APY Shares.
At or immediately following the Effective Time on the Closing Date, Parent shall provide or shall cause to be provided to the Exchange Agent an aggregate amount of cash equal to the Maximum Cash Amount to pay the cash portion of the Merger Consideration (such shares of Parent Common Stock and cash provided to the Exchange Agent under this Section 2.10(a), the “Exchange Fund”).