Applicable Cash Amount definition

Applicable Cash Amount means, as of any date of determination, the lowest combined balance of cash and cash equivalents that the Loan Parties had on deposit in accounts that are subject to perfected liens to secure the Obligations pursuant to control arrangements in favor of the Collateral Agent at any time during the 90 day period ending on and including such date of determination.
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Applicable Cash Amount means the sum of (i) the total amount of cash proceeds to the Company from the sale of Beneficient MLP Units owned by the Company as of the Initial Transfer and, if applicable, the Beneficient MLP Units issued to the Company in exchange for the Exchangeable Note, plus (ii) the total amount of cash paid to the Company by Beneficient as a principal payment in accordance with the terms of the Beneficient Loan, plus (iii) the total amount of cash paid to the Company by Beneficient as a principal payment in accordance with the terms of the Beneficient Exchangeable Note, in each case of clauses (i), (ii) and (iii) determined immediately prior to the Maturity Date.
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Applicable Cash Amount means the Base Amount plus the Designated Cash Increase, if any;
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Examples of Applicable Cash Amount in a sentence

  • The "Cash Component" shall be equal to the result obtained when multiplying the Applicable Cash Amount by the Outstanding Cyberworks Common.

  • While the Company does not guarantee any particular tax treatment with respect to the RSUs and the RSU Shares (or, if applicable, the Applicable Cash Amount), payment of the RSU Shares (or, if applicable, the Applicable Cash Amount) is intended either to qualify as a “short-term deferral” under Section 409A of the Code or to comply with Section 409A.

  • Upon any distribution of any of the RSU Shares (or, if applicable, the Applicable Cash Amount) under this Agreement, all obligations of the Company with respect to the corresponding RSUs shall be deemed satisfied.

  • Subject to Sections 3 and 7, (a) the RSUs shall vest one-third on each of the first three anniversaries of the Grant Date and (b) on or as soon as practicable following the applicable vesting date (and in all events not later than 60 days following such date), the Company shall distribute to the Participant one RSU Share (or, if applicable, the Applicable Cash Amount, as defined below) with respect to each RSU that vests on each such date.

  • The Equityholders’ Representative shall have the right, but not the obligation, to designate on behalf of the Equityholders by written notice to Parent at least five (5) Business Days prior to the Closing Date an amount not to exceed $1,000,000 (and in increments of $100,000) (the “Designated Cash Increase”), which shall (as set forth in the definition of Applicable Cash Amount) increase, dollar-for-dollar, the Closing Payment Cash Consideration and decrease the Closing Payment Stock Consideration.

  • Pursuant to Section 3.3(f) of the Agreement, the Equityholders hereby designate an amount equal to $500,000, which shall (as set forth in the definition of Applicable Cash Amount), increase, dollar for dollar, the Closing Payment Cash Consideration and decrease the Closing Payment Stock Consideration payable or issuable to the Equityholders pursuant and subject to the terms of the Agreement.


More Definitions of Applicable Cash Amount

Applicable Cash Amount means the Cash Amount or the Merger Cash Amount, as applicable. _______________________________________
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