Cash Element definition

Cash Element means that discretionary managed part of the Portfolio which includes the Cash Account, and the Liquidity Fund, with the aim of providing access to capital.

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Cash Element means an amount equal to One Hundred Million Dollars ($100,000,000), which amount is subject to allocations, prorations and adjustments set forth in the Agreement, including without limitation, Section 2.06 thereof. Prior to Closing Playa capitalized Playa Newco with the Stock Consideration and the Cash Element. The Cash Element was funded in the following manner: Ninety Five Million Dollars ($95,000,000) was funded into a bank account at Scotia Bank held under the name of Playa Newco, (ii) Five Million Dollars ($5,000,000) was funded in escrow (the “Closing Escrow”) to Playa H&R Holdings B.V. (“Escrow Agent”) to be held in escrow for the benefit of Playa Newco and to be disbursed after Closing as provided herein

Cash Element has the meaning set forth in Section 2.03(a)(1).

Examples of Cash Element in a sentence

• Please note that interest income arising from the Income Element will be paid into the Cash Element.

• The Cash Element may be paid by S▇▇▇▇ ▇▇▇▇▇▇ to GG (to the bank account nominated by GG in writing) in such proportion as S▇▇▇▇ ▇▇▇▇▇▇ in its sole discretion determines provided that aggregate Cash Element is paid to GG no later than the date which is the third anniversary of the Call Completion Date.

• Following receipt of this information the Institutional Vendors' Representative and the Purchaser shall agree (each acting reasonably and in good faith) the final calculation of the Base Consideration, the Accruing Negative Consideration, the Completion Payment and the Cash Element.

• The Sagicor Parties shall prepare and provide to Playa, at least three (3) business days before the Closing Date, a proposed closing statement reflecting the Cash Element and the prorations and apportionments to be made pursuant to this Agreement.

• The Closing, the application of the Cash Element as provided herein and the delivery of all requisite Transaction Documents shall be conducted by a closing agent selected by Playa and reasonably acceptable to the Sagicor Parties (the “Closing Agent”) or through other means as otherwise may be agreed to by the parties in writing.

• S▇▇▇▇ ▇▇▇▇▇▇ is not required to pay the Cash Element at Call Completion.

More Definitions of Cash Element

Cash Element has the meaning given in clause 3.1.1. Claim a claim for breach of any of the Warranties or claim for any other breach of this agreement, including any Indemnity Claim and Tax Claim (as the case may be). Common Shares means the common shares in the capital of the Buyer. Company Bloomboxclub Limited, a company incorporated and registered in England and Wales with company number 09791800, whose registered office is at Unit 1.G.01 The Leathermarket, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇, further details of which are set out in Schedule 2. Completion completion of the sale and purchase of the Sale Shares in accordance with this agreement. Completion Date the date of this agreement.

Cash Element means that part of the Purchase Price which is payable in cash calculated in accordance with the requirements of Schedule 6 which in no event shall be less than zero;

Cash Element. - means such part of a Bonus Entitlement or of the Pool (as the context requires) as is to be paid in cash pursuant to Rule 3.1;

Cash Element means a Corporate Action Cash Element or a Transaction Cash Element.

Cash Element means US $1,250,000 in cash;