Common use of Second Payment Date Clause in Contracts

Second Payment Date. 1. The payment of the Second Purchase Price (the Second Payment Date) shall take place 20 (twenty) Business Days after (i) either the date on which the Parties have agreed on the fulfilment of the Milestones and the amount of the Second Purchase Price (ii) or the date the Purchaser has received the assessment of the Expert. If no Second Purchase Price falls due, no Second Payment Date shall occur.] 2. At the Second Payment Date, theSellers shall hand over to the Purchaser the Sellers Bank Guarantee and the Purchaser shall pay the Second Purchase Price less (i) the Payment Difference (as defined in Section 1.2 (d) of the Agreement), if funded by the Purchaser, (ii) any amounts due under Section 1.2.(c) of the Agreement (i.e. cost sharing for squeeze out costs) and (iii) an amount of EUR 200,000 unless the Sellers provide the Sellers Bank Guarantee. 3. The Parties hereto shall, upon Agent’s receipt of payment of the Second Purchase Price (less deductions as outlined), execute a memorandum confirming the payment of the Second Purchase Price.

Second Payment Date. 1. The payment of the Second Purchase Price (the Second Payment Date) shall take place 20 (twenty) Business Days after (i) either the date on which the Parties have agreed on the fulfilment of the Milestones and the amount of the Second Purchase Price (ii) or the date the Purchaser has received the assessment of the Expert. If no Second Purchase Price falls due, no Second Payment Date shall occur.] 2. At the Second Payment Date, theSellers the Sellers shall hand over to the Purchaser the Sellers Bank Guarantee and the Purchaser shall pay the Second Purchase Price less (i) the Payment Difference (as defined in Section 1.2 (d) of the Agreement), if funded by the Purchaser, (ii) any amounts due under Section 1.2.(c) of the Agreement (i.e. cost sharing for squeeze out costs) and (iii) an amount of EUR 200,000 unless the Sellers provide the Sellers Bank Guarantee. 3. The Parties hereto shall, upon Agent’s receipt of payment of the Second Purchase Price (less deductions as outlined), execute a memorandum confirming the payment of the Second Purchase Price.