Initial Repurchase Payment Sample Clauses

Initial Repurchase Payment. Upon and subject to the terms and conditions of this Addendum, Vantiv shall make the payments set forth in Section 2.2(b) below to each TRA Party to terminate and settle in full NPC’s payment obligations to such TRA Party under the TRA with respect to such TRA Party’s Percentage Interest of (i) twenty percent (20%) of the 743(b) Tax Items available in the 2015 Covered Taxable Year and all future Covered Taxable Years (including any net operating losses or other tax attributes attributable to such portion of the 743(b) Tax Items for such Covered Taxable Years), and (ii) all of the NOLs available in the 2015 Covered Taxable Year (the “Initial Repurchase”).