Consideration Payment definition

Consideration Payment has the meaning assigned to it in Section 2.2(a);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Consideration Payment has the meaning given it in Section 6.6(a).

Consideration Payment has the meaning given to it in Section 5.1;

Examples of Consideration Payment in a sentence

• Similar to Article 3.5, the payment of any Other Consideration is due and payable to the Licensor within 45 days of each respective Royalty and Other Consideration Payment Due Date, and is to be calculated with respect to the three month period immediately preceding the applicable Royalty and Other Consideration Payment Due Date.

• The Consideration Payment shall be paid to the Executive on the Company’s next regularly scheduled payroll date following the Effective Date, subject to customary withholding.

• If Option Holder terminates this Contract before an Additional Option Cash Consideration Payment Date, then Option Holder shall not be required to pay the Additional Option Cash Consideration payable on such Additional Option Cash Consideration Payment Date and, if applicable, any subsequent Additional Option Cash Consideration payments.

• If the Closing occurs before an Additional Option Cash Consideration Payment Date, then Option Holder shall not be required to pay the Additional Option Cash Consideration payable on such Additional Option Cash Consideration Payment Date and, if applicable, any subsequent Additional Option Cash Consideration payments.

• If the Aggregate Consideration Value in respect of a Consolidation Transaction is paid to any IPMD Entities in two or more installments, the related Equalization Payment shall also be paid in installments within one business day of each Consideration Payment Date in the same proportion as each installment payment to the IPMD Entities bears to the Aggregate Consideration Value payable to the IPMD Entities.

• All Additional Consideration Payment Statements will be considered Jazz Pharmaceuticals’ Confidential Information under this Agreement, but GSK may disclose such Confidential Information in accordance with Section 11.2 or Section 11.3.

• If the underpayment of Additional Consideration is greater than [ * ] percent ([ * ]%) of the Additional Consideration Payment determined by the Auditor to be payable to GSK, the reasonable fees and expenses charged by the Auditor will be paid by Jazz Pharmaceuticals; otherwise GSK will pay the reasonable fees and expenses charged by such Auditor.

• Should Investor demand and Company transfer the Share Consideration Payment, the Company shall be deemed to have fully satisfied its obligation to issue New Shares to the Investor.

• Additional Consideration Payment obligations under this Agreement, stating in such report the number, description and Net Sales of Products sold or otherwise disposed of and on which an Additional Consideration Payment is payable hereunder that was not previously reported to GSK.

• Notwithstanding the foregoing, after occurrence of Completion, the Purchaser shall not be entitled to assign or otherwise transfer to any other Person, its obligation to pay the Deferred Consideration to the Seller on the Deferred Consideration Payment Date.

More Definitions of Consideration Payment

Consideration Payment has the meaning given thereto in clause 3.1;

Consideration Payment shall be the sum of US$959,000 or, in the event that the 1999 EBITDA is less than US$137,000, seven times such lesser amount.