Examples of Subsequent Payment Date in a sentence
Purchaser shall pay to Seller the amount of $2,500,000 in cash in consideration for the sale of the Membership Interest (the "Purchase Price"), $1,000 of which is payable at Closing (as defined herein) and the balance of which is payable on the six month anniversary of the Commencement Date (as defined in the Joint Venture Agreement) (the "Subsequent Payment Date").
Principal and interest shall be paid as follows: principal and interest shall be paid by the Maker in four equal annual installments in the amount of $8,151.86 each, with the first such installment (the "First Payment") due and payable on September 24, 1998 (the "First Payment Date") and the next three installments (each a "Subsequent Payment") due and payable on September 24 of each year thereafter (each a "Subsequent Payment Date"), with such final payment due and payable on September 24, 2001.
If, after the date hereof, either the Offer is terminated or withdrawn or all payments in respect of the Notes accepted for payment pursuant to the Offer are not made on the Initial Payment Date or Subsequent Payment Date (as defined in the Offer to Purchase), as applicable, the amendments set forth in Section 2 shall have no effect and the Indenture shall be deemed to be amended so that it reads the same as it did immediately prior to the date hereof.
In the event of overpayment on any prior Subsequent Payment Date (including an overpayment caused by an adjustment of Allowed Claims or to the Maximum Amount), such overpayment shall be reflected in a reduction in the Additional Amount payable on the next Subsequent Payment Date.
If a Change of Control Event occurs at any time prior to the Subsequent Payment Date, then at the election of Sellers’, the Sellers shall be immediately entitled to receive the Post-Closing Payment Amount in the form of a United States cash currency payment.