Contingent Consideration definition
Examples of Contingent Consideration in a sentence
In consideration of the sale and transfer of the Purchased Assets, Purchaser agrees to (a) pay to Seller an aggregate amount equal to the sum of (i) the Base Purchase Price, plus (ii) the Final Adjustment Amount, as finally determined pursuant to Section 2.7, plus (iii) the Contingent Consideration, if any, payable in accordance with Section 2.8 (collectively, the “Purchase Price”); and (b) assume, satisfy and discharge the Assumed Liabilities.
Subject to and pursuant to the provisions of this Section 2.8, Purchaser shall make periodic payments of Contingent Consideration to Seller.
Within thirty (30) days after each of December 31, 2026, December 31, 2027 and December 31, 2028, Purchaser shall pay Seller the portion of the aggregate Contingent Consideration earned in the prior calendar year and shall provide Seller with a detailed written statement showing for the prior calendar year setting forth: [***].
Purchaser shall provide supporting documentation reasonably requested by Seller to verify the calculation of Contingent Consideration.