Cash Acquisition Clause Samples
A Cash Acquisition clause defines the terms under which one party acquires another entity or its assets using cash as the sole or primary form of payment. Typically, this clause outlines the purchase price, payment schedule, and any conditions precedent to closing the transaction, such as regulatory approvals or due diligence requirements. By specifying that the consideration is paid in cash, the clause provides certainty and immediacy of value to the seller, reducing the risks associated with non-cash forms of payment and streamlining the transaction process.
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Cash Acquisition. In the event of an Acquisition in which the sole consideration is cash, Holder may either (a) exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition or (b) permit the Warrant to expire automatically upon the consummation of such Acquisition. Company shall provide Holder with written notice of any proposed Acquisition together with such reasonable information as Holder may request in connection with such contemplated Acquisition giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed Acquisition.
Cash Acquisition. In the event of an Acquisition that is not a True Assets Sale (as defined below) in which the sole consideration is cash, Holder may either (a) exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition or (b) permit the Warrant to expire upon the consummation of such Acquisition. Company shall provide Holder with written notice of any proposed Acquisition together with such reasonable information as Holder may request in connection with such contemplated Acquisition giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed Acquisition.
Cash Acquisition. The Investor may acquire further 15% (fifteen percent) of total share capital of the Company, on a Fully Diluted Basis excluding the Subscription Securitiesin such a manner that the total cash consideration payable by the Investor on exercise of the Second Tranche Call Option and this option together shall be equivalent INR 75,00,00,000 (Rupees Seventy Five Crores only) (Cash Acquisition Aggregate Price) in the event that this option is exercised by the Investor before 31 March 2022, and is detailed in Schedule 11. The Cash Acquisition Aggregate Price is on the assumption that the EBITDA projection of INR 36,00,00,000 (Rupees Thirty-Six Crores only) (excluding SEIS income) being met for FY 2022. In the event that the Investor exercises this option post 31 March 2022 but before 31 December 2023, then the acquisition will be at a valuation determined at the same multiples (as set out in Schedule 11), but at the revised EBITDA trailing 12 (twelve) months immediately before such option is exercised, for the relevant Cash Acquisition.
Cash Acquisition. In the event of an Acquisition in which the sole consideration is cash and/or Marketable Securities, Holder may either (a) exercise its purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition (or, in the case of an Asset Sale that is not a True Asset Sale, immediately prior to the Liquidating Distribution) or (b) permit the Warrant to expire upon the consummation of such Acquisition (or, in the case of such Asset Sale, the Liquidating Distribution). Company shall provide Holder with written notice of such proposed Acquisition together with such reasonable information as Holder may request in connection with such contemplated Acquisition giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed Acquisition.
Cash Acquisition. This Warrant shall terminate upon the closing of an Acquisition in which the consideration received by the Company’s stockholders consists solely of cash. Immediately prior to the closing of such cash Acquisition, this Warrant shall automatically be deemed to be converted in full pursuant to the provisions of Section 1.2 hereof, without any further action on behalf of the Holder. In the event the Warrant is automatically deemed to be converted pursuant to this Section 1.6.3, the Company shall not be required to surrender the certificate representing the Shares until such time as the Holder surrenders the Warrant.
Cash Acquisition. In the event of an Acquisition in which the sole consideration to be received by the holders of the Company’s common stock (other than such stockholders who are employees or Affiliates of the Company) is cash, Holder shall either (a) exercise its conversion or purchase right under this Warrant and such exercise will be deemed effective immediately prior to the consummation of such Acquisition or (b) have the Warrant expire upon the consummation of such Acquisition (and the Warrant shall so expire upon the consummation of such Acquisition). Company shall provide Holder with written notice of any proposed Acquisition together with such reasonable information as Holder may request in connection with such contemplated Acquisition giving rise to such notice, which is to be delivered to Holder not less than ten (10) business days prior to the closing of the proposed Acquisition.
Cash Acquisition. 1 D. GB INTERIM BANK .................................... 1 E.