Additional Payment definition
Examples of Additional Payment in a sentence
The Additional Payment shall be made within thirty (30) days after a divorce judgment, decree, or similar document that certifies the Divorce.
In addition to any Spousal Support, in the event of Divorce: (check one) ☐ - There shall be No Additional Payment made by either Spouse to the other than those listed in this Agreement.
In addition, if pursuant to Section 12, the BRI Partnership owes any amounts to the Transferor Partners as a result of prorations and apportionments (the "BRI Additional Payment"), at Closing, the BRI Partnership shall pay the BRI Additional Payment to the Transferor Agent in accordance with the election made by each Transferor Partner pursuant to Section 12.04.
The Transferor Agent shall be liable to distribute the BRI Partnership Units and if applicable, a pro-rata share of the BRI Additional Payment to each of the Transferor Partners in accordance with the Transferor Allocation Schedule.
The BRI Partnership shall have no obligation or liability with respect to the preparation or accuracy of the Preliminary Transferor Allocation Schedule or the Transferor Allocation Schedule or the distribution of the BRI Partnership Units or the BRI Additional Payment, if applicable, to the Transferor Partners and the Transferor Partners hereby release the BRI Partnership from any such obligation or liability.