Common use of Payment upon Early Termination Clause in Contracts

Payment upon Early Termination. (a) Within five Business Days after agreement between the Stockholder Representatives and the Company of the Early Termination Schedule, the Company shall pay to the Stockholders the Early Termination Payments. Each such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Stockholder or as otherwise agreed by the Company and such Stockholder.

Appears in 3 contracts

Samples: Tax Receivable Agreement (Spirit Airlines, Inc.), Tax Receivable Agreement (Spirit Airlines, Inc.), Tax Receivable Agreement (Spirit Airlines, Inc.)

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Payment upon Early Termination. (a) Within five (5) Business Days after agreement between the Stockholder Representatives Member and the Company Corporation of the Early Termination Schedule, the Company Corporation shall pay to the Stockholders Member an amount equal to the Early Termination PaymentsPayment. Each such Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Stockholder or as otherwise agreed by the Company and such StockholderMember.

Appears in 3 contracts

Samples: Tax Receivable Agreement (Pennymac Financial Services, Inc.), Tax Receivable Agreement (PBF Energy Inc.), Tax Receivable Agreement (Pennymac Financial Services, Inc.)

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Payment upon Early Termination. (a) Within five Business Days after agreement between the Stockholder Representatives and the Company of the Early Termination ScheduleSchedule becomes final and binding on the parties hereto, the Company shall pay to the Stockholders the Early Termination PaymentsPayment. Each such Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Stockholder or as otherwise agreed by the Company and such Stockholder.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Vince Holding Corp.), Tax Receivable Agreement (Apparel Holding Corp.)

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