Cash Extraction definition

Cash Extraction means the distribution of Cash by the Acquired Companies or Subsidiaries to Seller 1 by declaring, setting aside, making or paying any dividend or other distribution in respect of the capital stock of, or other ownership interests in, the Acquired Companies or Subsidiaries, by reducing the share capital, repurchasing, redeeming or otherwise acquiring any outstanding shares of the capital stock or other securities of, or other ownership interests in, the Acquired Companies or Subsidiaries, by effecting any recapitalization, capital reduction, reclassification, or like change in the capitalization of the Acquired Companies or Subsidiaries, or otherwise solely on the Closing Date.
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Cash Extraction means the extraction of cash from each of the Group Companies achieved between the date of this Agreement and the Closing Date by means of dividends, distributions, capital-reductions, share buybacks or other similar actions in accordance with the Pre-Closing Reorganisation Plan;
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Examples of Cash Extraction in a sentence

  • The Cash Extraction Plan may be amended by Seller from time to time with the consent of Purchaser (such consent not to be unreasonably withheld, delayed or conditioned), in order to effectuate the principles and anticipated steps described in Schedule 7.15.

  • The Cash Extraction Plan shall have been undertaken in compliance with applicable law and in a manner that is not adverse to any of the Purchased Subsidiaries and that does not create any obligations on the part of any of the Purchased Subsidiaries.

  • Prior to Closing, Seller shall, or shall cause its Affiliates to, remove the cash from the Purchased Subsidiaries permitted or required to be removed therefrom by this Agreement pursuant to the principles and anticipated steps planned as of February 28, 2002 as described in Schedule 7.15 (the "Cash Extraction Plan").

  • Seller shall settle the Inter-Company Payables and the Inter-Company Receivables before Closing in a manner consistent with the Cash Extraction Plan as such Cash Extraction Plan may be amended pursuant to Section 7.15.

  • Between the date hereof and the Closing, Purchaser and Sellers shall negotiate in good faith to agree upon the precise terms of a Cash Extraction Plan and the manner of implementing such Cash Extraction Plan and shall cooperate with one another to implement such Cash Extraction Plan so long as the manner of implementing the Cash Extraction Plan is reasonably acceptable to Purchaser and Sellers.