Cash Bid definition
Cash Bid means the amount agreed to by the Licensee under the Analogue Licence as the amount to be paid by them in accordance with the provisions set out in Condition 5 below or, if different, the amount agreed to be paid by them pursuant to this Licence, or any renewal of this Licence, in accordance with the provisions set out in Condition 5 below;
Cash Bid means a bid for the purchase of a specific dollar amount of Shares. “Fee Bid” means the fee which the Fund agrees to pay to ReFlow if the Fund is a Winning Fund in any given Auction, calculated as a percentage of the net asset value of the Shares purchased by ReFlow.
Cash Bid means the amount agreed to by the Licensee in his most recent renewal of the Licence as the amount to be paid by him in accordance with the provisions set out in Condition 5 below;
Examples of Cash Bid in a sentence
If a Fund desires to participate in a particular Auction, the Fund shall submit a bid to ReFlow, consisting of (a) the amount of liquidity the Fund desires, either in the form of a Cash Bid or Standing Bid; and (b) the Fund’s Fee Bid (the “Auction Bid”).
If a Winning Fund places a Cash Bid but thereafter reports net redemptions equal to or greater than that amount, the Auction Bid Dollar Amount shall be the amount of the Cash Bid.
If a Winning Fund places a Cash Bid but thereafter reports net redemptions of less than that amount, the Auction Bid Dollar Amount shall be the amount of its net redemptions.
More Definitions of Cash Bid
Cash Bid means a bid by Amalgamated to acquire the Sale Assets at the Auction for an amount of Cash.
Cash Bid has the meaning set forth in Section 9.1(a).