Examples of Seller Cash in a sentence
The trust fund balance at Closing is estimated to be approximately $247,100,000, assuming no redemptions and excluding payment of transaction expenses and Seller Cash Consideration.
The Investors in connection with the Merger received consideration comprised of (i) an aggregate amount not to exceed $90,000,000 in cash (including certain bonus amounts payable to management of the U.S. Borrower) (the “Seller Cash Consideration”) and (ii) Equity Interests in Capitol constituting approximately 45% of the issued and outstanding Equity Interests of Capitol (together with the Seller Cash Consideration, the “Acquisition Consideration”).
Although there are consequences for the Seller if the Seller Share drops below the Minimum Seller Share, save to the extent that the Seller is required to make a Mandatory Seller Cash Contribution, there is no direct obligation on the Seller to maintain the Seller Share at or above the Minimum Seller Share level.
The proceeds of any Seller Cash Contributions may be applied by the Mortgages Trustee as consideration for the purchase of New Mortgage Loans and their Related Security pursuant to the terms of the Mortgage Sale Agreement.
If such Seller Cash Contribution is not applied as consideration for the purchase of New Mortgage Loans and their Related Security prior to the Trust Calculation Date immediately following the date on which such Seller Cash Contribution occurred, such amounts will be applied as Mortgages Trustee Available Principal Receipts to be distributed in accordance with the Mortgages Trustee Principal Priority of Payments on the following Distribution Date.
Upon payment by the Seller to the Mortgages Trustee of a Seller Cash Contribution, the Trust Property shall be increased by an amount equal to such Seller Cash Contribution, and such Seller Cash Contribution shall result in a corresponding increase in the Seller Share.
Unless the parties otherwise agree, Buyer shall pay all invoiced amounts to Seller Cash In Advance (CIA).
Prior to or at the Closing, Purchaser shall make appropriate arrangements to cause the funds in the Trust Account to be disbursed in accordance with the Trust Agreement for the following: (a) the redemption of any shares validly requested by Redeeming Stockholders and (b) the payment of the amounts set forth in this Agreement (including each Seller’s Seller Cash Consideration, the Blocker GP Sale Consideration and the aggregate Blocker Merger Consideration).
Eight Hundred Thousand and No/100 Dollars ($800,000.00) shall be paid by Buyer to the Title Company in the form of a certified check or confirmed wire transfer of immediately available federal funds, and shall be disbursed by the Title Company to Seller ("Cash at Closing").
In the event that the Estimated Net Working Capital set forth on the Pre-Closing Working Capital Schedule is less than the Net Working Capital Target, then, in accordance with Section 2.2, the Seller Cash Purchase Price shall be reduced by the amount by which the Estimated Net Working Capital reflected on the Pre-Closing Working Capital Schedule is less than the Net Working Capital Target (the “Estimated Net Working Capital Refund”).