Definition of 2006 Earnout Consideration


2006 Earnout Consideration means the lesser of (a) $3,000,000 or (b) the 2006 Earnout Profit;

Examples of 2006 Earnout Consideration in a sentence

In the event that Parent does not receive an Initial Objection Notice or a Final Objection Notice from the Securityholder Agent during the Initial Response Period in accordance with Section 1.8(g), then Parent shall make any delivery of 2006 Earnout Consideration required under this Section 1.8(c) on the 16th day following the date that the 2006 Statement was delivered to the Securityholder Agent.
Notwithstanding the foregoing, in no event shall the aggregate of the 2005 Earnout Consideration, 2006 Earnout Consideration and 2007 Earnout Consideration, taken as a whole (and including the full U.S. Dollar value of any setoffs made by Parent in respect of payments that would otherwise be due under subsections (b), (c) and (d) above pursuant to Section 1.8(f) or otherwise), exceed $7,150,000.
In the event that Parent receives an Initial Objection Notice or a Final Objection Notice from the Securityholder Agent during the Initial Response Period in accordance with Section 1.8(g), then Parent shall make any delivery of 2006 Earnout Consideration required under this Section 1.8(c) within 30 days after the dispute identified in such Initial Objection Notice or a Final Objection Notice, as the case may be, is finally resolved in accordance with this Agreement.