First Additional Payment definition

First Additional Payment shall have the meaning specified in Section 3.2(b).
Sample 1
First Additional Payment means the first additional payment made by the Buyer to the Seller 1 in respect of the transfer of ownership over the Subsequent Shares, in accordance with Appendix 1 and the other provisions of this Agreement;
Sample 1
First Additional Payment means the amount (if any) calculated in accordance with Clause 6.1;
Sample 1

Examples of First Additional Payment in a sentence

  • Should the actual profit after tax achieved be less than the 2018 Earnings Target for the 12 months ending February 2018, no First Additional Payment will be payable.

  • An additional payment of $250,000 (together with the additional payment described in Section 2.1(b)(iii) below, individually and collectively referred to herein as an “Additional Payment”) for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 Royalty Report in the event the First Additional Payment Condition is met.

  • Foredrag for gymnasieklasse fra Tønder Gymnasium, Lyngby (DK), 13 Mar 2000.

  • An additional payment of $250,000 (together with the additional payment described in Section 2.1(b)(iii) below, individually and collectively referred to herein as an “Additional Payment”) for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2015 Royalty Report in the event the First Additional Payment Condition is met.

  • If the First Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 Royalty Year.

  • The First Additional Payment will be settled by no later than the 10th business day following the audit of 3HQWDsIfiOnaRncRiaUl s¶tatements for the 12 months ending February 2018.

  • The aggregate purchase price for the Shares shall be an amount equal to the aggregate of (x) the Closing Payment, (y) the First Additional Payment, if any, and (z) the Second Additional Payment, if any, (collectively, the "Purchase Price"), payable in the manner and at the times provided in Sections 1.3 and 1.5. Notwithstanding the foregoing, the aggregate amount of the Purchase Price shall be not less than the Closing Payment Amount nor greater than 'L'13.5 million.

  • By mid-to-late October, the Plaintiffs had introduced various new business opportunities (the “NB Opportunities”) to Inflexion that would have reasonably been expected to push the Business’s 2019 Revenues above $17 million (and thereby trigger a First Additional Payment of up to $38.5 million to the Medmeme Plaintiffs).

  • Where A = the First Additional Payment amount to be paid; Where MP1 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the First Testing Date; Where EP = Exercise Price; and Where O = number of Options granted.

  • The First Additional Payment and the Second Additional Payment shall be subject to the provisions of Section 2.4. Those portions of the First Additional Payment and Second Additional Payment that are Escrow Cash and Escrow Shares shall be deposited into the Escrow Fund and the remaining portion of each shall be deposited by Parent into the “ Earn Out Escrow” within five (5) Business Days after the Effective Time.


More Definitions of First Additional Payment

First Additional Payment means an amount (in pounds sterling) equal to 1.1854 x the Excess EBITDA;
Sample 1
First Additional Payment means an amount equal to the result obtained by subtracting (a) the product of the 1999 Average EBT times seven, minus (b) 'L'4.75 million. Notwithstanding the foregoing, if such result equals a negative number then the "First Additional Payment" shall be equal to zero.
Sample 1

Related to First Additional Payment

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Additional Consideration has the meaning set forth in Section 3.2.

  • Adjustment Escrow Funds means the amounts held in the Adjustment Escrow Account, including any dividends, interest, distributions and other income received in respect thereof, less any losses on investments thereof, less distributions thereof in accordance with this Agreement and the Escrow Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Final Payment Certificate means the payment certificate issued under Sub-Clause 14.13 [Issue of Final Payment Certificate].

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.