Examples of Seller Cash Consideration in a sentence
The trust fund balance at Closing is estimated to be approximately $247,100,000, assuming no redemptions and excluding payment of transaction expenses and Seller Cash Consideration.
The Investors in connection with the Merger received consideration comprised of (i) an aggregate amount not to exceed $90,000,000 in cash (including certain bonus amounts payable to management of the U.S. Borrower) (the “Seller Cash Consideration”) and (ii) Equity Interests in Capitol constituting approximately 45% of the issued and outstanding Equity Interests of Capitol (together with the Seller Cash Consideration, the “Acquisition Consideration”).
The Investors in connection with the Merger will receive consideration comprised of (i) an aggregate amount not to exceed $90,000,000 in cash (including certain bonus amounts payable to management of the U.S. Borrower) (the “Seller Cash Consideration”) and (ii) Equity Interests in Capitol constituting approximately 45% of the issued and outstanding Equity Interests of Capitol (the “Seller Equity Consideration” and, together with the Seller Cash Consideration, the “Acquisition Consideration”).
Prior to or at the Closing, Purchaser shall make appropriate arrangements to cause the funds in the Trust Account to be disbursed in accordance with the Trust Agreement for the following: (a) the redemption of any shares validly requested by Redeeming Stockholders and (b) the payment of the amounts set forth in this Agreement (including each Seller’s Seller Cash Consideration, the Blocker GP Sale Consideration and the aggregate Blocker Merger Consideration).
The Acquisition Value shall be paid as described in this Section 4.3. On the Closing Date, Buyer shall deliver to each Seller (a) the Seller Cash Consideration for such Seller, (b) the Seller Unit Consideration for such Seller and (c) if (and only if) a Make-Whole Notice shall have been delivered pursuant to Section 4.4, the Seller Make-Whole Cash Consideration for such Seller.
Each Seller may elect to exchange one or more Projects (to the extent of the Seller Cash Consideration to be received therefor) for other real estate of a like kind in accordance with Section 1031 of the Internal Revenue Code of 1986, as amended.
In the event that the ten day trailing average closing price of the Buyer’s Common Shares is less than $4.00 per share, Buyer shall increase the Seller Cash Consideration payable by Buyer to Seller at Closing by an amount equal to the product of 266,000 multiplied by a dollar amount which is $4.00 less the said ten day average closing price.
Provided, however, if the said ten day average closing price is higher than $4.00, there shall be no adjustment in the Seller Cash Consideration.
The term “Seller Unit Consideration” with respect to a Seller shall be defined as a number of Class B Units obtained by dividing (a) the difference obtained by subtracting (1) the amount of Seller Cash Consideration for such Seller from (2) the Seller Consideration Amount for such Seller, by (b) the Stated Class B Unit Price.
The allocation of Acquisition Value among the Sellers shall be used for purposes of determining the amount of Seller Cash Consideration (as defined in Section 4.3) and Seller Unit Consideration (as defined in Section 4.3) allocable to each Seller pursuant to Section 4.3.