Examples of Non-Cash Consideration in a sentence
For the purposes of this Clause 8, if any Creditor receives or recovers any amount or distribution in the form of Non-Cash Consideration which is subject to Clause 8.2 (Turnover by the Creditors) the cash value of that Non-Cash Consideration shall be determined in accordance with Clause 13.2 (Cash value of Non-Cash Recoveries).
Subject to Clause 12.4 (Fair Value) and Clause 13.5 (Security Agent protection), a Distressed Disposal or a Debt Disposal may be made in whole or in part for consideration in the form of cash or, if not for cash, for Non-Cash Consideration which is acceptable to the Security Agent.
If any Creditor receives a distribution in the form of Non-Cash Consideration in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.