Aggregate Cash Proceeds definition
Examples of Aggregate Cash Proceeds in a sentence
The parties hereto agree that the amounts contributed to the Reserve Account, the General Escrow Account, the Tax Escrow Account and the T-I Escrow Account shall be contributed first, by the Company from the Specified Employees Bonus Amount payable to such Seller, if any, second, by the Company from the Accrued Dividend Amount payable to such Seller, if any, and third, by Buyer from the Aggregate Cash Proceeds payable to such Seller.
By executing this Agreement, the Company and the Holder hereby agree that the Holder shall be deemed to have exercised the Reset Warrants for the Aggregate Cash Proceeds, pursuant to the terms of the Original Warrants, except that the exercise price thereunder shall be the Amended Exercise Price.
Notwithstanding the foregoing, the terms of this Section 9.5(c) shall not affect any other rights of the Sellers to receive their respective portions of the Aggregate Cash Proceeds, the Specified Employees Bonus Amount or the Accrued Dividend Amount at Closing or any other rights of the Sellers pursuant to the terms of the Transaction Documents.
No Seller has any right to receive any dividends or distributions with respect to any capital stock or debt of the Company, whether as a result of the transactions contemplated hereby or otherwise, other than each Seller’s respective right to receive such Seller’s portion of the Aggregate Cash Proceeds.
To the extent any holder of a Company Warrant exercises such Company Warrant prior to Closing and pays the Company the Cash Exercise Amount in cash, such Cash Exercise Amount shall be included in the calculation of Aggregate Cash Proceeds.