Adjustment to the Second Payment Sample Clauses

Adjustment to the Second Payment. (A) If (i) the value of Revenue as shown in the Final 2021 Statement (the “2021 Actual Revenue”) equals or exceeds RMB 30,000,000 (the “2021 Revenue Target”), AND (ii) the value of Gross Profit as shown in the Final 2021 Statement (the “2021 Actual Gross Profit”, collectively with the 2021 Actual Revenue, the “2021 Actual Performance”) equals or exceeds RMB 5,000,000 (the “2021 Gross Profit Target”, collectively with the 2021 Revenue Target, the “2021 Targets”), the 2021 Adjustment Amount shall be 0 (such number, the “Standard 2021 Adjustment Amount”).
Sample 1
AutoNDA by SimpleDocs
Adjustment to the Second Payment. (A) If the value of Net Profit as shown in the Final 2022 Statement (the “2022 Actual Profit”) equals or exceeds RMB 5,000,000 (the “2022 Profit Target”), the Second Payment shall be 800,000 Parent Shares (such number, the “Standard Second Payment Amount”); provided, however, that Buyer shall have the right, not the obligation, through a written notice delivered to Sellers before the Second Payment Date, to replace the Standard Second Payment Amount with 1,650,000 Parent Shares (the “Accelerated Earnout Payment”), at Buyer’s sole discretion. If an Accelerated Earnout Payment is made pursuant to this Section 2.6(a)(v), the Sellers (including the Third Party Beneficiaries) will not be eligible to receive any additional payment under the Agreement including the Third Payment.
Sample 1
Adjustment to the Second Payment. (A) If the value of Net Profit as shown in the Final 2022 Statement (the “2022 Actual Profit”) equals or exceeds RMB 5,000,000 (the “2022 Profit Target”), the Second Payment shall be 800,000 Parent Shares.
Sample 1
Adjustment to the Second Payment. (A) If the value of Revenue shown in the Final 2020 Revenue Statement equals or is more than RMB 100,000,000, the 2020 Adjustment Amount shall be negative RMB 40,000,000. As such, the amount of the Second Payment, after adjustment described herein, shall be RMB 80,000,000. Such RMB 80,000,000 shall be referred to herein as the “Performance Award.”
Sample 1
Adjustment to the Second Payment. (A) If the value of Net Profit as shown in the Final 2021 Statement (the “2021 Actual Profit”) equals or exceeds RMB 10,000,000 multiplied by the 2021 Pro Rata Percentage (the “2021 Profit Target”), the 2021 Adjustment Amount shall be 0.
Sample 1

Related to Adjustment to the Second Payment

  • Adjustments to the Shares The Warrant Exercise Price and the number of Warrant Shares obtainable upon exercise of this Warrant shall each be subject to adjustment from time to time as provided in this Section 2.

  • Adjustments to the Purchase Price The Purchase Price shall be adjusted as of the Closing Date by:

  • Calculation and Payment No later than the second Business Day following the receipt by Purchasers of the Monthly Servicing Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • Expense Accrual and Payment Services (1) For each valuation date, calculate the expense accrual amounts as directed by the Trust as to methodology, rate or dollar amount.

  • Collection and Payment The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

  • Delivery of the Shares and Payment Therefor Delivery to the Underwriters of the Firm Shares and payment therefor shall be made at the offices of Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Xxxxxdx xx 10:00 a.m., St. Peterxxxxx, Xxxxxxx xxxx, xxxx xxxxxxxx xxxx xxxxx the date of this Agreement (the "Closing Date"). The place of closing for the Firm Shares and the Closing Date may be varied by agreement between the Representatives and the Company. Delivery to the Underwriters of and payment for any Additional Shares to be purchased by the Underwriters shall be made at the offices of Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Xxxxxdx, xx 10:00 a.m., St. Petexxxxxx, Xxxxxxx xxxx, xx xxxx xxxx xx xxxxx (the "Additional Closing Date") (which may be the same as the Closing Date, but shall in no event be earlier than the Closing Date nor earlier than three nor later than ten business days after the giving of the notice hereinafter referred to) as shall be specified in a written notice, from the Representatives on behalf of the Underwriters to the Company, of the Underwriters' determination to purchase a number, specified in such notice, of Additional Shares. Such notice may be given at any time within 30 days after the date of the Prospectus. The place of closing for the Additional Shares and the Additional Closing Date may be varied by agreement between you and the Company. Certificates for the Firm Shares and for any Additional Shares to be purchased hereunder shall be registered in such names and in such denominations as you shall request prior to 1:00 p.m., St. Petersburg, Florida time, not later than the second full business day preceding the Closing Date or the Additional Closing Date, as the case may be. Such certificates shall be made available to you in St. Petersburg, Florida for inspection and packaging not later than 9:30 a.m., St. Petersburg, Florida time, on the business day immediately preceding the Closing Date or the Additional Closing Date, as the case may be. The certificates evidencing the Firm Shares and any Additional Shares to be purchased hereunder shall be delivered to you on the Closing Date or the Additional Closing Date, as the case may be, against payment of the purchase price therefore by wire transfer of immediately available funds to an account specified in writing, not later than the close of business on the business day next preceding the Closing Date or the Additional Closing Date, as the case may be, by the Company. Payment for the Shares sold by the Company hereunder shall be delivered by the Representatives via wire transfer to the Company. It is understood that the Representatives have been authorized, for their own account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price per Share for the Firm Shares and the Additional Shares, if any, that the Underwriters have agreed to purchase. Raymond James and Associates, Inc., individually and not as Representaxxxxx xf xxx Underwriters, may, but shall not be obligated to, make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the Closing Date or the Additional Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

  • Payment of Debt or Delinquency to the State Pursuant to §§2107.008 and 2252.903, Texas Government Code, Contractor agrees any payments owing to Contractor under this Agreement may be applied directly toward any debt or delinquency Contractor owes the State of Texas or any agency of the State of Texas, regardless of when it arises, until paid in full.

  • Adjustments to Purchase Price The Purchase Price shall be adjusted as follows:

  • Computation and Payment Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

  • Adjustments to the Shares and Warrant Price In order to prevent dilution of the purchase rights granted under this Warrant, the Warrant Price and the number of Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 2.

Time is Money Join Law Insider Premium to draft better contracts faster.