3rd Deferred Purchase Price Sample Clauses

3rd Deferred Purchase Price. The amount of any 3rd Deferred Purchase Price will be the higher of £283,142 and an amount equal to: (i)(x) the EBIT 2009 minus (y) the EBIT 2008, (ii) minus the excess of (x) Interest Paid 2009 and (y) Interest Paid 2008 and (iii) multiplied by 3. In the event that the EBIT 2008 is less than the EBIT 2007, the amount of the 3rd Deferred Purchase Price will be calculated by subtracting from EBIT 2009 the amount of EBIT 2007. The resultant 3rd Deferred Purchase Price amount will be paid in cash within 120 days following the end of the 3rd Deferred Purchase Price Period. If the 3rd Deferred Purchase Price is sufficient to permit payment of the First Deficit (to the extent not already paid) and the Second Deficit without the Total Deferred Purchase Price exceeding the Cap then such sums shall also be paid at that time. In no event shall the Total Deferred Purchase Price exceed £2,548,276.
Sample 1
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3rd Deferred Purchase Price. Subject to Section 3.10.6, the amount of any “3rd Deferred Purchase Price” will be equal to: (i)(x) the Fiscal 2011 EBITDA minus (y) the Fiscal 2010 EBITDA, (ii) minus the excess of (x) Fiscal 2011 Interest Paid and (y) Fiscal 2010 Interest Paid, and (iii) multiplied by 3. In the event that the Fiscal 2011 EBITDA is less than the Fiscal 2010 EBITDA, the amount of the 3rd Deferred Purchase Price will be calculated by subtracting from Fiscal 2011 EBITDA the amount of Fiscal 2008 EBITDA. The amount of Fiscal 2008 EBITDA is USD 655,000. GORRISSEN FXXXXXXXXX KIERKEGAARD The resultant 3rd Deferred Purchase Price amount will be paid in cash within 120 days following the end of Fiscal 2011 (the “3rd Deferred Purchase Price Payment Date”). If the 3rd Deferred Purchase Price is sufficient to permit payment of the First Deficit (to the extent not already paid) and the Second Deficit without the Total Deferred Purchase Price exceeding the Cap, then such sums shall also be paid at that time. In no event shall the Total Deferred Purchase Price exceed USD 3,500,000 (the “Maximum Deferred Purchase Price”).
Sample 1

Related to 3rd Deferred Purchase Price

  • Deferred Purchase Price On each Business Day on and after the Final Payout Date, the Servicer, on behalf of the Agent, shall pay to the SPV an amount equal to the Collections of Receivables received by the SPV less the accrued and unpaid Servicing Fee (and the SPV (or the Servicer on its behalf) shall apply such Collections in the manner described in Section 2.14).

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Adjustment to Purchase Price (a) Subject to Section 3.3(b), at the Closing, the Purchase Price shall be adjusted, without duplication, to account for the items set forth in this Section 3.3(a):

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Option Purchase Price Subject to Section 6.3(a)(iii) below, if ---- --------------------- the Management Investor shall be terminated by the Company with or without Cause or shall cease to be employed by the Company by reason of retirement or resignation, the "Option Purchase Price" for the Common Stock to be purchased from such Management Investor pursuant to the Purchase Option (such number of shares of Common Stock being the "Purchase Number") shall equal the price calculated as set forth in the table below opposite the applicable Termination Date of such Management Investor: Original Management Investors ----------------------------- If the Termination Occurs: Option Purchase Price -------------------------- --------------------- On or prior to July 29, 1995 Adjusted Cost Price multiplied by the Purchase Number After July 29, 1995 and on or Adjusted Cost Price multiplied by 80% of prior to July 29, 1996 the Purchase Number After July 29, 1996 and on or Adjusted Cost Price multiplied by 60% of prior to July 29, 1997 the Purchase Number After July 29, 1997 and on or Adjusted Cost Price multiplied by 40% of prior to July 29, 1998 the Purchase Number After July 29, 1998 and on or Adjusted Cost Price multiplied by 20% of prior to July 29, 1999 the Purchase Number New Management Investors ------------------------ If the Termination Date Occurs: Option Purchase Price ------------------------------- --------------------- On or prior to the first anniversary of the Adjusted Cost Price multiplied by the Closing Date Purchase Number After the first anniversary of the Closing Date, Adjusted Cost Price multiplied by 66 2/3% and on or prior to the second anniversary of the of the Purchase Number Closing Date After the second anniversary of the Closing Date, Adjusted Cost Price multiplied by 33 1/3% and on or prior to the third anniversary of the of the Purchase Number Closing Date As used herein, "Closing Date" for each New Management Investor means the date specified opposite such person's respective name on Schedule II hereto. Notwithstanding anything to the contrary contained herein, in connection with the exercise of any Purchase Option pursuant to Section 6.3, the Company may deduct from the Option Purchase Price paid to any Management Investor the aggregate amount of the outstanding principal and accrued but unpaid interest due on any Promissory Note of such Management Investor to the Company. As used herein, "Adjusted Cost Price" for each share of Common Stock means the original purchase price per share for the Management Investor's Common Stock as set forth in Section 1.1 (including any shares of Common Stock which have been converted into other shares of capital stock of the Company, and adjusted for any stock dividend payable upon, or subdivision or combination of, the Common Stock);

  • Asset Purchase Price (a) All Assets and assets of the Failed Bank subject to an option to purchase by the Assuming Institution shall be purchased for the amount, or the amount resulting from the method specified for determining the amount, as specified on Schedule 3.2, except as otherwise may be provided herein. Any Asset, asset of the Failed Bank subject to an option to purchase or other asset purchased for which no purchase price is specified on Schedule 3.2 or otherwise herein shall be purchased at its Book Value. Loans or other assets charged off the Accounting Records of the Failed Bank before the Bid Valuation Date shall be purchased at a price of zero.

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

  • Aggregate Purchase Price The aggregate purchase price for the Notes (the “Aggregate Purchase Price”) shall equal the result of (x) divided by (y), where (x) equals the Aggregate Principal Amount and (y) equals 1.25. Each date upon which a Closing occurs is a “Closing Date”.

  • Agreement to Purchase Purchase Price a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, ________ (------) shares of the Company's Common Stock (the "Shares") at a purchase price of _______ ($_____) per Share, for a total purchase price of _______________ ($_______). The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.

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