Examples of Base Cash Consideration in a sentence
In consideration for Seller’s sale, transfer, assignment, conveyance and delivery of the Company Shares to Purchaser, Purchaser shall (i) pay to Seller the Base Cash Consideration and (ii) issue to Seller the Seller Note (collectively, the “Purchase Price”).
Purchaser will have, at the Closing sufficient funds, together with amounts owed to Purchaser under the DIP Credit Agreement, available to pay up to the amount of the Base Cash Consideration, the Deposit Amount and any expenses incurred by Purchaser in connection with the Transactions.
The Purchase Price will be determined and paid as follows: (a) Payment of Base Cash Consideration.
Until the Purchaser replaces the Existing L/Cs, the Sellers shall use the Base Cash Consideration to cash collateralize the Existing L/Cs at 100% of their face amount.
Upon the issuance of replacement letters of credit, the Base Cash Consideration used to cash collateralize the Existing L/Cs shall be returned to the Purchaser.