Interim Payment 3 Sample Clauses
Interim Payment 3. If Asset Ratio 3 on Measurement Date 3 is greater than 70% but less than 90%, Buyer shall pay to HTC an amount equal to (y) Target Amount 3 multiplied by (z) 1.0 minus the product of (I) the relevant Payment Factor multiplied by (II) 33.33%.
Interim Payment 3. The fourth payment shall be fifteen percent (15%) of the total Incentives Award Amount for the Milestones described below and shall be paid within thirty (30) business days of the Alliance’s undisputed receipt of Milestone deliverables (due by May 31, 2024).