Cash Base definition

Cash Base means an amount equal to $4,000,000,000 in cash; provided, that in the event that the Cash Consideration represents less than 25% of the Aggregate Closing Consideration Amount, then Acquirer may elect (such election, the “Cash Gross Up Election”), in Acquirer’s sole discretion, to increase the Cash Base to an amount such that, after giving effect to the decrease in the Stock Consideration set forth in the proviso to the definition of “Stock Consideration” while holding the Aggregate Closing Consideration Amount constant, the Cash Consideration would equal 25% of the Aggregate Closing Consideration Amount.
View Source
Cash Base principle of organization of the syntheses and statements of the Oil Costs as well as the methods of calculation of the Calls for Funds which is based on the principle of taking into account the operations at the time of their payment or actual collection. CHAPTER I. - GENERAL RULES AND PRINCIPLES This accounting procedure constitutes an appendix to the Contract of which it is an integral part. It reviews the main accounting rules and establishes the specific rules and principles applicable to the accounting of the Oil Costs, as well as accounting methods, rules and procedures Contractor must follow, the reports, statements, declarations, documents, information and data of a technical, accounting, financial or legal nature, periodic or not, which must be provided to the Departments Responsible for Hydrocarbons. The terms used in this appendix have the same meaning as that given to them in the Contract, unless the context clearly gives them a different meaning. The term “Contractor” will be replaced by “Operator” in charge of the management of oil operations or by the “members of Contractor” especially in case of obligations assumed by them personally. In case of contradiction or divergence between this appendix and the stipulations of the Contract, the latter prevail. Contractor keeps its accounting in French and in US Dollars. The operations carried out in currency other than the US Dollar are recorded temporarily on the basis of the standard rates of exchange established by the company to be as close as possible to the prevailing rates of exchange during the recording period. Collections and disbursements are posted at the actual rate of exchange at the time of the transaction. The gaps found between the initial record at the standard rate of exchange and the amount resulting from the application of the effective rate of exchange in force at the time of the payment or collection are posted to the same accounts as those used for the initial record so as to emphasize, for each of said accounts, the capital losses suffered and the capital gains obtained because of the fluctuations of the rates of exchange compared to the US Dollar. When Contractor carries out in Gabon other activities at the same time with the oil operations, its accounting must be organized so as to make it possible to determine, follow and distinguish, with the necessary precision, the accounting and financial elements related to the oil operations. The achievements related to the oil ope...
View Source
Cash Base means the lesser of (a) the excess of the Loan Amount over the sum of the Cash Collateral (if any) and the Receivables Base, or (b) ten million dollars ($10,000,000). After exhausting credit availability against the Cash Collateral (if any) and the Receivables Base, Borrower may access availability against the Cash Base, provided that Obligors collectively maintain cash or cash equivalents, as the case may be, in depository accounts with SunTrust or mutual funds obtained through SunTrust and acceptable to SunTrust at all times equal to or greater than thirty million dollars ($30,000,000).
View Source

Examples of Cash Base in a sentence

  • Any such increased Cash Base Salary shall constitute “Cash Base Salary” for purposes of this Agreement.

  • Curbline will pay (or cause payment of) any Cash Base Salary referred to in this Section 7.1 to Executive within 30 days of the Termination Date.

  • For the avoidance of doubt, the Variable Compensation does not form part of and is in addition to the Annual Cash Base Fee.

  • In line with the current Remuneration Policy, the Executive Board Variable Compensation Plan Rules and the AGGRF, the Executive can earn a Variable Compensation of up to a maximum of 100% of the Annual Cash Base Fee.

  • During the Employment Period, the Company shall pay the Executive, in cash, a base salary at the rate of $33,334.00 per month (the "Cash Base Salary"), payable in installments of $16,667.00 per pay period in accordance with the Company's regular payroll practice for its senior executives, as in effect from time to time.

  • The Annual Cash Base Salary to be paid to the Executive during the fourth and fifth years of this Agreement shall be mutually agreed to between the Chairman of the Board and the Executive, however, such Annual Cash Base Salary shall not be less than Four Hundred Fifty Thousand Dollars ($450,000) per year.

  • During the Term, the Company shall provide the Executive a monthly car allowance of $1,900.00, to be paid at the same time as the Cash Base Salary, to cover, among other things, the lease or financing payments on a new car for the Executive’s use in connection with the performance of his duties under this Agreement, insurance premiums associated therewith and any taxes attributable to such allowance.

  • The Company will pay Employee an annual gross base salary in cash of $175,000.00 ("Cash Base Salary") payable at least semi-monthly.

  • During the Employment Period, the Company shall pay the Executive, in cash, a base salary at the rate of $200.00 per month (the "Cash Base Salary"), payable in installments of $100.00 per pay period in accordance with the Company's regular payroll practice for its senior executives, as in effect from time to time.

  • For purposes of the Agreement, the term “Annual Base Salary” shall mean the sum of (i) the Cash Base Salary and (ii) the RSU Value, in each case, as may be allocated from time to time.