Examples of Additional Earnout Payment in a sentence
Within ninety (90) days after the end of each Earnout Year, the Purchaser shall submit to Holdco in writing the proposed calculations necessary to determine the Basic Earnout Payment for the most recently ended Earnout Year and, in addition, with respect to EY 2014, the Additional Earnout Payment (collectively, the “Earnout Calculations”), together with the monthly income statements and monthly balance sheets of the Company and Capital Charge calculations for such Earnout Year.
Each of the Seller, each of its members and each Principal has made its own legal, tax, accounting and financial evaluation of the merits, risks and other considerations relating to the Additional Earn-out Payment and the acquisition and ownership of Parent Common Stock and each of the Seller, each of its members and each Principal is able to bear the risks associated with the Additional Earn-out Payment and the acquisition and ownership of the Parent Common Stock, if any, issuable hereunder.
Each of the Seller, each of its members and each Principal has such knowledge, sophistication and experience in business and financial matters as to be capable of evaluating the merits, risks and other considerations relating to the Additional Earn-out Payment and acquisition and ownership of Parent Common Stock, if any, issuable hereunder.
The parties shall use the GAAP rules, regulations and standards in effect as of the date hereof as a basis for calculation of all Basic Earnout Payments and any Additional Earnout Payment.
Any and all Claims shall be deducted out of the Total Earnout Payment plus Additional Earnout Payment, if any, as defined in the Earnout Agreement.
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At such time as any Additional Earnout Payment shall be due and payable pursuant to Section 2.3 herein, the Buyer shall pay to each Seller, to such account or accounts as specified by the Sellers' Representatives to the Buyer in writing from time to time, a cash payment equal to such Seller's Seller's Percentage of the Additional Earnout Payment.
Unless otherwise agreed to in writing by the parties, all financial statements of the Company for all times from and after the Closing shall be prepared in accordance with GAAP applied on a basis consistent with the Company's past practices set forth on Exhibit 2.5.2 hereto in a manner such that Adjusted PBT, any Basic Earnout Payment and any Additional Earnout Payment will be reasonably determinable pursuant to the terms of this Agreement.
The Additional Earnout Payment shall be calculated as follows: o The total EBIT for the 34 month period beginning March 1, 2006 and ending December 31, 2008, shall be divided by 34, which sum shall then be multiplied by 36, which sum shall be reduced by a 5% annualized return on Capital for the amount of time during the 34 month period such Capital is invested in Purchaser..
The parties agree that the guidelines and rules set forth in this Section 2.5 shall be used in calculating the Adjusted PBT, the Basic Earnout Payments, and the Additional Earnout Payment.