Common use of Internalization Payment Clause in Contracts

Internalization Payment. At the Closing, OpCo shall pay to GSAM Holdings II a cash payment equal to thirty million dollars (US$30,000,000); provided, that such amount shall be reduced by the sum of the aggregate amount of any cash signing bonuses paid to GSAM Subject Employees who become employees of a GSRP Entity, which shall not exceed three million dollars (US$3,000,000) in the aggregate. Prior to the Closing, GSRP shall provide to GSAM Holdings II documentation evidencing all cash signing bonuses described in the proviso in the preceding sentence. If the transactions contemplated by the QBI Agreement are consummated, four million dollars (US$4,000,000) of the cash payment pursuant to this Section 2.04 shall be credited against, and shall reduce, the purchase price payable under the QBI Agreement.