Payment of the Success Fee Sample Clauses

Payment of the Success Fee. Notwithstanding anything to the contrary herein, payment of the Success Fee shall be conditional upon the closing of the transactions contemplated by the Business Combination Agreement to be concluded by and among the SPAC, FCB, BP, as defined by such Business Combination Agreement (the “Closing”). Payment of the Success Fee shall be made by the SPAC or the parent company of which any shareholders of the SPAC or BP will be shareholders as of the Closing (the “Combined Entity”) to Purchaser within ten (10) Business Days following the Closing by wire transfer of immediately available funds to an account to be designated by Purchaser.
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Payment of the Success Fee. The Success Fee shall be payable in (a) cash or (b) in a combination of cash and Common Stock in the Company (or any successor), at the sole option of Employee. If Employee elects to be paid the Success Fee in cash only, the Company shall have the option to pay the Success Fee in four equal quarterly installments. If the Company elects to pay a cash Success Fee in quarterly installments, the first installment shall be due and payable on the date the Restructuring Event is consummated and each successive installment shall be due and payable on the date that is 90 days from the date on which the previous installment payment was due.
Sample 1

Related to Payment of the Success Fee

  • 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.

  • Computation and Payment of Fee The advisory fee shall accrue on each calendar day, and shall be payable monthly on the first business day of the next succeeding calendar month. The daily fee accruals shall be computed by multiplying the fraction of one divided by the number of days in the calendar year by the annual advisory fee rate, and multiplying this product by the Managed Assets of the Fund, determined in the manner established by the Directors, as of the close of business on the last preceding business day on which the Fund's net asset value was determined.

  • Compensation and Payment 3.1 Contractor’s fees shall be calculated at the rates set forth in the attached Exhibit

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • Payment of the balance Within sixty days of completion of the tasks referred to in each order or specific contract, the Contractor shall submit to the Agency a formal request for payment accompanied by those of the following documents, which are provided for in the Special Conditions: ⮚ a final technical report in accordance with the instructions laid down in Annex I; ⮚ the relevant invoices indicating the reference number of the Contract and of the order or specific contract to which they refer;

  • Calculation and Payment of Additional Rent Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, Tenant’s Share of Direct Expenses for each Expense Year.

  • Termination and Payment Upon any termination or expiration of this Agreement, Client shall pay all unpaid and outstanding fees through the effective date of termination or expiration of this Agreement. And upon such termination, Consultant shall provide and deliver to Client any and all outstanding services due through the effective date of this Agreement.

  • Payment of Trust Fees The Owner Trustee shall pay the Trust's fees and expenses incurred with respect to the performance of the Trust's duties under the Indenture.

  • 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.

  • 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.

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