Repurchase Consideration. Subject to the terms and conditions of this Repurchase Agreement, Holder hereby agrees to sell the Securities to the Company for an aggregate purchase price of $52,600,000 (the “Consideration”), which shall be paid as follows: (a) $50,000,000 at Closing (the “First Payment”) and (b) $2,600,000 of the Aggregate Consideration (the “Second Payment”) no later than the earlier of (i) one-hundred eighty (180) calendar days following the Closing or (ii) five (5) calendar days of receipt by the Company of any amounts in respect of its outstanding federal income tax refund with respect to the period from fiscal year 2013 through fiscal year 2020.
Appears in 2 contracts
Sources: Series B Repurchase Agreement (Synchronoss Technologies Inc), Series B Repurchase Agreement (B. Riley Financial, Inc.)