BH Invoice definition
Examples of BH Invoice in a sentence
The number of Shares to be issued by Company, the Parent and OpCo, as applicable, to BH or a BH Designee pursuant to this Section 4.2(b) shall be calculated by taking the portion of the applicable BH Invoice amount that is payable in Shares, and dividing such amount by the Deemed Share Price.
If Company disputes in good faith any amount set forth in a BH Pre-Invoice, then Company shall promptly notify BH, and BH shall issue a BH Invoice only with respect to the undisputed portion of such BH Pre-Invoice and shall not issue a BH Invoice with respect to the properly disputed portion of such BH Pre-Invoice (a “Partial BH Invoice”) until such dispute is resolved.
Each such issuance of Shares and cash payment shall occur no later than ten (10) Business Days following the delivery of the applicable BH Invoice.
Acceptance of a payment by BH with respect to a Partial BH Invoice shall not constitute an accord and satisfaction of any additional amounts not paid but due and owing nor a waiver of any claim to further compensation for unpaid amounts.
Except to the extent that BH elects otherwise and notifies Company of such election in writing in connection with the delivery of a BH Invoice, hereby directs Company to issue all Shares issuable pursuant to this Agreement directly to BHES for the benefit of BH, and Company shall reflect such Shares as being issued directly to BHES for all applicable tax purposes.