Timing of Payment of Earn-Out Payment Sample Clauses

Timing of Payment of Earn-Out Payment. Any Earn-Out Payment that is undisputed that the Buyer is required to pay pursuant to Section 1.4.1 hereof shall be paid in full no later than October 31, 2016, the disputed amount, if any, shall be paid in full no later than thirty (30) business days following the date upon which the determination of the Earn-Out Payment becomes final and binding upon the parties as provided in Section 1.4.2(b) (including any final resolution of any dispute raised by the Seller in the Earn-Out Objection Notice). The Buyer shall pay to the Seller the Earn-Out Payment, if any, in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3.
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Timing of Payment of Earn-Out Payment. Subject to Section 1.4.5, any Earn-Out Payment that the Buyer is required to pay pursuant to Section 1.4.1 hereof shall be paid in full no later than thirty (30) business days following the date upon which the determination of the Earn-Out Payment becomes final and binding upon the parties as provided in Section 1.4.2(b) (including any final resolution of any dispute raised by the Seller in the Earn-Out Objection Notice). The Buyer shall pay to the Seller the Earn-Out Payment, if any, in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3.
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Timing of Payment of Earn-Out Payment. Subject to Section 2.07(e), the Earn-out Payment that Buyer is required to pay pursuant to Section 2.07(a), if any, shall be paid in full no later than ten (10) Business Days following the date upon which the determination of Adjusted EBITDA becomes final and binding upon the parties as provided in Section 2.07(b)(ii) (including any final resolution of any dispute raised by Seller/Member Representative in an Earn-out Calculation Objection Notice). Buyer shall pay to Seller/Member Representative the applicable Earn-out Payment in cash by wire transfer of immediately available funds to the bank account for Seller pursuant to Seller’s wire transfer instructions specified in Section 2.03 of the Disclosure Schedules.
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Timing of Payment of Earn-Out Payment. Subject to Section 7.01(e), any Earn-Out Payment that Buyer is required to pay pursuant to Section 7.01(a) hereof shall be paid in full no later than ten calendar days following the date upon which the determination of Adjusted EBITDA for the Earn-Out Period becomes final and binding upon the Parties as provided in Section 7.01(b)(ii) (including any final resolution of any dispute raised by Seller in an Earn-Out Calculation Objection Notice). Buyer shall pay to Seller the applicable Earn-Out Payment in cash by wire transfer of immediately available funds to the Account.
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Timing of Payment of Earn-Out Payment. Subject to Section 2.11(e), any Earn-out Payment that Buyer is required to pay shall be paid in full no later than three Business Days following the date upon which the determination of the Earn-out Calculation becomes final and binding upon the parties as provided in Section 2.11(b) (including any final resolution of any dispute raised by Seller in an Earn-out Calculation Objection Notice), Buyer shall pay to Seller the Earn-out Payment in cash by wire transfer of immediately available funds to the bank account designated by Seller to Buyer.
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Timing of Payment of Earn-Out Payment. Subject to Section 2.6(g), any Earn-out Payment that Buyer is required to pay pursuant to Section 2.6(a) shall be paid in full no later than ten Business Days following the date upon which the determination of Earn-out Revenue Amount for the applicable Calculation Period becomes final and binding upon the Parties as provided in Section 2.6(b)(ii) (including any final resolution of any dispute raised by Seller in an Earn-out Calculation Objection Notice). Buyer shall pay to Seller the applicable Earn-out Payment in cash by wire transfer of immediately available funds to the bank account designated in writing by Seller. Any Earn-out Payment shall be treated as an adjustment to the Purchase Price by the Parties for Tax purposes, unless otherwise required by Law.
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Related to Timing of Payment of Earn-Out Payment

  • Timing of Payment Notwithstanding anything herein to the contrary, if the date on which any payment is to be made pursuant to this Indenture or the Notes is not a Business Day, the payment otherwise payable on such date shall be payable on the next succeeding Business Day with the same force and effect as if made on such scheduled date and (provided such payment is made on such succeeding Business Day) no interest shall accrue on the amount of such payment from and after such scheduled date to the time of such payment on such next succeeding Business Day and the amount of any such payment that is an interest payment will reflect accrual only through the original payment date and not through the next succeeding Business Day.

  • Timing of Payments All payments of Expenses (including without limitation Expense Advances) by the Company to the Indemnitee pursuant to this Agreement shall be made to the fullest extent permitted by law as soon as practicable after written demand by Indemnitee therefor is presented to the Company, but in no event later than thirty (30) business days after such written demand by Indemnitee is presented to the Company, except in the case of Expense Advances, which shall be made no later than ten (10) business days after such written demand by Indemnitee is presented to the Company.

  • Timing of Severance Payments Any severance payment to which Employee is entitled under Sections 3(a)(i)(1), 3(a)(i)(2) and 3(a)(i)(5) shall be paid by the Company to the Employee (or to the Employee's successors in interest pursuant to Section 7(b)) in cash and in full, not later than thirty (30) calendar days following the Termination Date, subject to any delay required under Section 9.

  • Timing of Payment of Performance When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day.

  • Payment of Reimbursement Amount To effect the expense reimbursement provided for in this Agreement, the Fund may offset the appropriate Reimbursement Amount against the management fees, Rule 12b-1 fees and/or shareholder servicing fees payable under the Investment Management Agreement, Rule 12b-1 Plan and/or the Shareholder Servicing Agreement. Alternatively, the Reimbursement Amount shall be paid directly by IICO, IDI and/or WISC. Such offset shall be taken, or such direct payment shall be paid, two times per year within 30 days following the date of a Fund’s applicable semi-annual or annual reporting period.

  • Treatment of Payment as Made on Designated Payment Date Solely for purposes of determining compliance with Code Section 409A, any payment under this Agreement made after the required payment date shall be deemed made on the required payment date provided that such payment is made by the latest of: (i) the end of the calendar year in which the payment is due; (ii) the 15th day of the third calendar month following the payment due date; (iii) if Employer cannot calculate the payment amount on account of administrative impracticality which is beyond the Executive’s control, the end of the first calendar year which payment calculation is practicable; and (iv) if Employer does not have sufficient funds to make the payment without jeopardizing the Employer’s solvency, in the first calendar year in which the Employer’s funds are sufficient to make the payment.

  • TIME OF PAYMENT OF ACCRUED BENEFIT Unless, pursuant to Section 6.03, the Participant or the Beneficiary elects in writing to a different time or method of payment, the Advisory Committee will direct the Trustee to commence distribution of a Participant's Nonforfeitable Accrued Benefit in accordance with this Section 6.01. A Participant must consent, in writing, to any distribution required under this Section 6.01 if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of the distribution to the Participant, exceeds $3,500 and the Participant has not attained the later of Normal Retirement Age or age 62. Furthermore, the Participant's spouse also must consent, in writing, to any distribution, for which Section 6.04 requires the spouse's consent. For all purposes of this Article VI, the term "annuity starting date" means the first day of the first period for which the Plan pays an amount as an annuity or in any other form. A distribution date under this Article VI, unless otherwise specified within the Plan, is the date or dates the Employer specifies in the Adoption Agreement, or as soon as administratively practicable following that distribution date. For purposes of the consent requirements under this Article VI, if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of any distribution, exceeds $3,500, the Advisory Committee must treat that present value as exceeding $3,500 for purposes of all subsequent Plan distributions to the Participant.

  • Basis of Payment of Benefits Direct payment by the Insurer is the basis of payment of benefits under this Agreement, with those benefits in turn being based on the payment of premiums as provided in this Agreement.

  • Payment of Bonus Within fifteen (15) days of such termination, the Company shall pay to the Executive his Target Bonus pursuant to Section 3(b), prorated for the number of days of employment completed by the Executive during the year in which his employment terminated.

  • Timing of Payment or Performance When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day.

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