Closing Date Earnouts definition

Closing Date Earnouts means (i) the earnout amounts payable by Borrower under Section 2.2(c) of the Agreement of Purchase and Sale dated as of June 24, 2004 between Borrower and Xxxxxx Xxxxxxxx and Xxxxx Xxxxxxxx relating to the sale of the stock of Elekon; (ii) the deferred purchase price and other amounts payable under by Borrower under Section 2.2(b) and (c) of the Stock Purchase Agreement dated as of July 16, 2004 among Borrower, the principal shareholders of Entran Devices and Entran SA relating to the sale of the stock of Entran Devices and Entran SA; and (iii) the deferred Purchase price payable by Borrower under Section 2.2(b) of the Asset Purchase Agreement dated as of July 16, 2004 between Borrower and Encoder Devices, LLC relating to the sale of the assets of Encoder Devices, LLC.

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