Additional Amount Payment Date definition
Examples of Additional Amount Payment Date in a sentence
The amount of Additional Amounts for Registrable Securities will be determined by multiplying the rate of Additional Amounts by the Amount of Registrable Securities outstanding on the Additional Amount Payment Date following such Registration Default in the case of the first such payment of Additional Amounts with respect to a Registration Default and thereafter at the next succeeding Additional Amount Payment Date until the cure of such Registration Default.
Payment of the Additional Amount shall be in such allocation of cash and/or shares of Parent Common Stock as Purchaser 2 may elect in its sole discretion and shall be made on a business day elected by Purchaser 2 at its discretion (the “Additional Amount Payment Date”), provided that such Additional Amount Payment Date shall be no later than sixty (60) days after the date of this Agreement.
Purchaser 2 shall notify Sellers’ Representative in writing of the Additional Amount Payment Date, and the amount of shares of Parent Common Stock and/or cash to be delivered to Sellers’ Representative on behalf of the Sellers in respect of the Additional Amount, at least five (5) days prior to the Additional Amount Payment Date.