Examples of Cash Election Amount in a sentence
On the Initial Distribution Date, each Affected Creditor with Proven Claims that are less than or equal to the aggregate Cash Election Amount will receive, in full satisfaction of such Proven Claims, cash payment in an amount equal to the amount of their Proven Claims and shall receive no further distributions or other entitlements under the Plan.
Managing Member Blocker (or such designated member(s) of the PubCo Holdings Group) shall be treated for all purposes of this Agreement as the owner of such Units; provided that if the Cash Election Amount is funded other than through the issuance of Class A Shares, such Units will be reclassified into another Equity Security of the Company if the Managing Member determines such reclassification is necessary.
If the Total Upfront Cash Election Consideration is greater than the Available Cash Election Amount, then each Cash Election Share and each Mixed Election Cash Election Share shall be converted into the right to receive (x) an amount of cash (without interest) equal to the Per Share Cash Election Prorated Cash Amount, and (y) a certificate or book entry reflecting an amount of shares of Parent Common Stock equal to the Per Share Cash Election Prorated Stock Amount.
The "Cash Election Amount" shall be equal to the product of the Merger Consideration Value Per Share multiplied by the total number of Cash Election Shares.
Upon receipt of an Exchange Notice, the Company shall be entitled to elect (a “ Cash Election ”) to settle the Exchange by the delivery to the Exchanging Member or its designated assigns, in lieu of the applicable number of shares of Class A Stock that would be received in such Exchange, an amount of cash equal to the Cash Election Amount for such Exchange.