Examples of Additional Closing Payment in a sentence
Within five (5) Business Days of the completion of (a) the Transition Period, subject to an early termination thereof by Xxxxxxxxx and Xxxxx after Buyer’s receipt of their joint written notice, (b) all of the Transition Events, each as described in Section 5.15(b), and (c) Buyer’s receipt of the Transition Certification, Buyer shall pay 12.5% of the Additional Closing Payment to each of Xxxxxxxxx and Xxxxx, by wire transfer or other immediately available funds to an account designated by them in writing.
Buyer and Seller shall attempt in good faith to negotiate ---------- an allocation of the Closing Payment, with respect to the Assets, and each Additional Closing Payment, with respect to the transfer and delivery of the Additional Sites and the Additional Assets related to the ownership and operation thereof, in a manner which complies with Section 1060 of the Code prior to Closing.
If the Additional Closing Payment Adjustment Payment becomes payable under Section 2.5(c), an amount equal to the product of (1) the Additional Closing Payment Adjustment Payment Per FD Share, multiplied by (2) the Series D Conversion Ratio.
If the Buyers do not receive within such period a written response electing to receive the Closing Promissory Note in lieu of the Additional Closing Payment, the right to make such election shall terminate and the Buyers shall pay to the Seller the Additional Closing Payment.
If the Additional Closing Payment Adjustment Payment becomes payable under Section 2.5(c), an amount equal to the product of (1) the Additional Closing Payment Adjustment Payment Per FD Share, multiplied by (2) the Series C Conversion Ratio.
If the Additional Closing Payment Adjustment Payment becomes payable under Section 2.5(c), an amount equal to the product of (1) the Additional Closing Payment Adjustment Payment Per FD Share, multiplied by (2) the Series A Conversion Ratio.
The execution, delivery and performance of this Agreement (including payment of the Purchase Price, any contingent payments contemplated under Section 2.3 hereof and the Additional Closing Payment) and each Ancillary Document of Buyer or any of its Affiliates have been duly authorized and approved by all necessary action with respect to Buyer and each such Affiliate under such Person’s Organizational Documents, and each such authorization and approval remains in full force and effect.
If the Additional Closing Payment Adjustment Payment becomes payable under Section 2.5(c), an amount equal to the product of (A) the Additional Closing Payment Adjustment Payment Per FD Share multiplied by (B) the Conversion Ratio for the series of Company Preferred Stock subject to such Outstanding Preferred Warrant.
If the Additional Closing Payment Adjustment Payment becomes payable under Section 2.5(c), an amount equal to the product of (1) the Additional Closing Payment Adjustment Payment Per FD Share, multiplied by (2) the Series B Conversion Ratio.
The Representative will have two (2) NASDAQ trading days from the date of delivery of such notice to deliver (which delivery can be made by electronic mail) to the Buyers a written response notifying the Buyers of the Seller’s election as to receive the Closing Promissory Note in lieu of the Additional Closing Payment.