Minimum Cash Value definition

Minimum Cash Value. “Minimum Cash Value” shall mean $20,500,000.
View Source
Minimum Cash Value means the Put Amount (as defined below).
View Source
Minimum Cash Value means a Cash Value of $50,000,000.
View Source

Examples of Minimum Cash Value in a sentence

  • The CancerVax Closing Capital shall be no less than the Minimum Cash Value.

  • The Company Net Cash at the Determination Date shall be greater than or equal to the Minimum Cash Value.

  • The Axonyx Net Cash at Closing shall be no less than the Minimum Cash Value.


More Definitions of Minimum Cash Value

Minimum Cash Value means $6,356,640.
View Source
Minimum Cash Value means $20,500,000.
View Source

Related to Minimum Cash Value

  • Cash Value means the greater of (i) the amount that the policyholder is entitled to receive upon surrender or termination of the contract (determined without reduction for any surrender charge or policy loan), and (ii) the amount the policyholder can borrow under or with regard to the contract. Notwithstanding the foregoing, the term “Cash Value” does not include an amount payable under an Insurance Contract as: (1) a personal injury or sickness benefit or other benefit providing indemnification of an economic loss incurred upon the occurrence of the event insured against; (2) a refund to the policyholder of a previously paid premium under an Insurance Contract (other than under a life insurance contract) due to policy cancellation or termination, decrease in risk exposure during the effective period of the Insurance Contract, or arising from a redetermination of the premium due to correction of posting or other similar error; or (3) a policyholder dividend based upon the underwriting experience of the contract or group involved.