Cash Realization definition
Cash Realization means the receipt by the Initial Stockholder of cash proceeds on account of (i) its beneficial interest in the equity securities or business of the Company or (ii) marketable securities which were originally received by the Initial Stockholder on account of such beneficial interest, whether by sale, transfer, dividend, recapitalization or otherwise (other than, in any case, a sale or transfer to (i) another Initial Stockholder or affiliate thereof, or (ii) a non-U.S. entity with respect to which Investcorp S.A. or affiliate thereof has an administrative relationship with respect to shares of the Company).
Examples of Cash Realization in a sentence
Buyer will, simultaneously with execution of this Agreement, deliver to Sellers (i) an original counterpart of the Cash Realization Agreement, including a statement of GA’s wherewithal whereby GA has, subject to the terms thereof, agreed to pay an aggregate sum of $71 million in cash to the Sellers (subject to adjustment pursuant to Section 2.6), and (ii) a copy of the Placing Agreement.
Taking into account the amounts payable by GA pursuant to the Cash Realization Agreement, Buyer will have, on the Closing Date, available funds sufficient to pay the Purchase Price and consummate the transactions contemplated by this Agreement.