First Earnout Period definition

First Earnout Period means the period from and after the Closing until the first anniversary of the Closing Date.

First Earnout Period has the meaning set forth in Section 1.03(a).

First Earnout Period means the twelve (12)-month period beginning on the Closing Date and ending on the one (1)-year anniversary of the Closing Date.”

Examples of First Earnout Period in a sentence

• The Sellers shall be entitled to (x) a payment of $5,000,000 (the "First Earnout Amount") from Purchaser in the event that Adjusted EBITDA for the First Earnout Period is equal to or in excess of $15,000,000 (the "EBITDA Minimum"), and (y) a payment of $5,000,000 (the "Second Earnout Amount", and together with the First Earnout Amount, if any, collectively the "Earnout Payment") from Purchaser in the event that Adjusted EBITDA for the Second Earnout Period is equal to or in excess of the EBITDA Minimum.

• Within thirty (30) days following the end of each of the First Earn-out Period and the Second Earn-out Period, Buyer shall prepare and deliver to Seller a written statement (in each case, an “Earn-out Statement”) setting forth in reasonable detail its determination of EBITDA for the applicable Earn-out Period and the calculation of the resulting Earn-out Payment Amount, if any, in accordance with Section 2(b).

More Definitions of First Earnout Period

First Earnout Period means the 12-month period following the Closing Date.

First Earnout Period means the twelve (12)-month period beginning on the first day of the first full month following the Closing and ending on the last day of the twelfth full month following the Closing.

First Earnout Period means the 12 month period commencing on the Closing Date.

First Earnout Period means the calendar year beginning January 1, 2006 and ending December 31, 2006.

First Earnout Period means the period beginning on March 1, 2016 and ending on February 28, 2017.

First Earnout Period means the period commencing on the November 1, 2014 and ending on October 31, 2015.

First Earnout Period means the period beginning January 1, 2020 and ending December 31, 2020;