Define: Proceeds of Sale
the consideration payable (including any deferred and/or contingent consideration) whether in cash or otherwise to those Shareholders selling Shares under a Share Sale less any fees, costs and expenses payable in respect of such Share Sale as approved by an Investor Majority;
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
the consideration payable (including any deferred and/or contingent consideration) whether in cash or otherwise to those Shareholders selling Shares under a Share Sale less any fees, costs and expenses payable in respect of such Share Sale as approved by an Investor Majority;.
Relevant Circumstances
- When proceeds from a share sale must be split between shareholders
- If deferred or contingent consideration is part of the deal
- Where deal costs are deducted before distribution to selling shareholders
Relevant Sectors
- Finance
- Investment
- Trade & Commerce