Contingency Payments definition

Contingency Payments has the meaning set forth in Section 2.5(a).
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Contingency Payments. The repayment plan above assumes SQL does not receive any funding rounds. In the event SQL receives significant funding rounds of at least $50MM (fifty million dollars) after the date of this letter, SQL agrees to use a portion of such funding towards paying aged amounts of $2.4MM first and any excess amounts received shall be will be deducted from the later payments due under of the repayment plan.
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Contingency Payments. As defined in Section 1.2.2(a).
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Examples of Contingency Payments in a sentence

  • In the event that the failure to close is not a result of (i) or (ii) above, then the Contingency Payments shall be retained by Seller.

  • However, no further Contingency Payments from either Nostrum or ▇▇▇▇▇ are due once the Total Fixed Settlement Amount paid plus any Contingency Payments paid exceed fifty million dollars ($50,000,000).

  • All Contingency Payments shall be made on a monthly basis with each Contingency Payment due on or before the twentieth day of the month following the month in which such Contingency Payments have been earned in accordance with Generally Accepted Accounting Practices and reconciled or verified against corresponding insurance company statements.

  • Specifically, it is agreed that for a period of 48 months beginning with the fourteenth month after the month in which closing occurs, Buyer shall pay to Seller contingency payments (the "Contingency Payments") equal to 30% of (i) the gross income (as hereinafter defined) of the Company less (ii) brokerage commissions (as hereinafter defined) paid by the Company.

  • The Parties agree that from time-to-time TNC may receive certain monies from various insurers and brokers under certain profit sharing, contingency, override, and other similarly designated agreements (“Contingency Payments”), and that nothing in this Agreement is intended to include those Contingency Payments in the definition of Commission.

  • In addition, notwithstanding anything herein contained to the contrary, Buyer agrees to pay to Seller as additional Contingency Payments all profit sharing commissions received by the Company between the date of closing and the end of the thirteenth month following the month in which closing occurs.

  • Purchaser shall have the right to terminate this Agreement by written notice to Seller within ten (10) business days following the date upon which Purchaser receives Seller’s written notice, in which event the ▇▇▇▇▇▇▇ Money shall be returned to Purchaser (and one-half (½) of the Contingency Payments shall be delivered to Purchaser pursuant to Section 3.4(b) of this Agreement, to the extent applicable) and neither party shall have any further liability to the other except as expressly provided for herein.

  • The Developer shall agree that in addition to the City's rights herein, the provisions of this Agreement shall be for the benefit of any possible purchaser of this lot.

  • Buyer may prepay the Contingency Payment obligation at any time by paying to Seller $1.17 million in cash less any Contingency Payments previously paid (the “Prepayment Contingency Amount”).

  • Those persons identified on Exhibit 2.1 as converting their EyeSys Notes or waiving Contingency Payments thereon shall have converted such EyeSys Notes, or waived their Contingency Payments, to the extent shown in such schedule.


More Definitions of Contingency Payments

Contingency Payments. “Contract Amount”; “Cost of Goods”; “Determination Date”; “Earnout Amounts”; “Earnout Period”; “Estimated Contingency Payment”; “Gross Profit”; “Gross Profit Margin”; “Historical Manner of Determination”; “Integrated Activities”; “Integration Payments”; “Integration Threshold”; “Qualified Revenue”; “Revenue”; and “Target Adjustment Event”; and (ii) adding the following: “Buyout Payments” has the meaning set forth in that certain Amendment to Membership Interest Purchase Agreement, by and among Purchaser and the Seller Representative, dated the date hereof.
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