Examples of Cash Notice in a sentence
If a Cash Notice has not been delivered within sixty (60) days following Buyers’ receipt from Seller of reasonably satisfactory evidence of the Bank Account Balances, then all Bank Account Balances shall be deemed to be Retained Funds.
No later than sixty (60) days following Buyers’ receipt from Seller of reasonably satisfactory evidence of the Bank Account Balances, Buyers will notify Seller in writing (the “ Cash Notice ”) which Bank Account Balances (or portion thereof) Buyers elects to retain (the “ Retained Funds ”) and which Bank Account Balances (or portion thereof) Buyers elect to return to the applicable Selling Entity (the “ Returned Funds ”).
Notwithstanding anything to the contrary in this Section 4.24 , with respect to any Returned Funds that Buyer, following reasonable directions from Seller, is unable to cause the Transferred Entities to transfer to the applicable Buyer within one hundred twenty (120) days following the date of delivery of the Cash Notice, such Returned Funds shall remain with the Transferred Entities and no Buyer shall have any obligation to make any payment to any Selling Entity relating thereto.
Notwithstanding anything to the contrary in this Section 4.24, with respect to any Returned Funds that Buyer, following reasonable directions from Seller, is unable to cause the Transferred Entities to transfer to the applicable Buyer within one hundred twenty (120) days following the date of delivery of the Cash Notice, such Returned Funds shall remain with the Transferred Entities and no Buyer shall have any obligation to make any payment to any Selling Entity relating thereto.
Within twenty (20) Business Days following the date of the Cash Notice, each Member shall pay to the Company the Member’s Requested Amount.
Notwithstanding the delivery of a Cash Notice pursuant to Subsection 8.5(a), the Corporation may choose instead to issue Shares to the Participant instead of making a lump sum cash payment to the Participant.
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Within the twenty (20) day period following the date of receipt by a Member of a Cash Notice, the Member shall contribute to the Company its Required Amount.
If Manager fails to issue any Cash Notice with respect to any Capital Contributions required hereunder, Investor shall have the right to issue such Cash Notice.
If the Corporation should choose to do so, the Cash Notice shall be deemed to be withdrawn.