Contingent Payment Amount definition

Contingent Payment Amount has the meaning set forth on Exhibit 9.

Contingent Payment Amount shall have the meaning set forth in the Securities Purchase Agreement.

Contingent Payment Amount shall have the meaning set forth in Section 1.3.

Examples of Contingent Payment Amount in a sentence

• FOR VALUE RECEIVED, the Payors and TBG Holdings, jointly and severally, hereby unconditionally promise to pay to the Payee, upon each Monetization Event occurring on or before [_____________], 2023, an amount equal to 15% of the Net Proceeds of such Monetization Event; provided, that the amount payable under this Contingent Payment Right (aggregated over all such Monetization Events) shall not exceed the Contingent Payment Amount.

• In consideration for the Company Securities to be issued and sold on the Closing Date pursuant to Section 1.1 and the right to receive a Contingent Payment Amount as described in Section 1.3, the Purchaser shall pay to the Company on the Closing Date $440,000,000.

• Each Contingent Payment Amount shall be paid 15 Business Days after the Company receives the related Partnership Distribution.

• All payments hereunder shall be applied as follows: first, to all Payee Expenses until paid in full in cash, second, to all unpaid interest accrued since the most recent yearly anniversary of the date of this Contingent Payment Right until paid in full in cash, and third to the remaining Contingent Payment Amount.

• Within twenty-eight (28) days from the date the Reserves Auditor's report is delivered to Purchaser or Murphy Sarawak, Purchaser shall pay the Contingent Payment Amount (if any) to Seller's bank account specified in Section 4.6(a).

More Definitions of Contingent Payment Amount

Contingent Payment Amount means the “Deferred Payment Amount” as defined in the Merger Agreement.

Contingent Payment Amount means (x) the Original Contingent Payment Amount plus (y) interest on the Original Contingent Payment Amount at the Interest Rate from the date of this Contingent Payment Right, computed on the basis of a year of 360 days and the actual number of days elapsed and compounded annually on each yearly anniversary of the date of this Contingent Payment Right, plus (z) Payee Expenses.

Contingent Payment Amount for a particular Fiscal Year means the quotient obtained by dividing by 3 the excess of (i) the result obtained by multiplying EBITDA for such Fiscal Year by 4.5 over (ii) $3,000,000.

Contingent Payment Amount means an amount in cash equal to the greater of (i) zero, and (ii) the difference of (A) $1,650,000, minus (B) the lesser of (x) $1,500,000, and (y) the sum of (I) the amount of finally determined indemnification claims with respect to which Buyer has exercised its right of set-off pursuant to Section

Contingent Payment Amount shall have the meaning ascribed to that term in the Gerd Employment Agreement.

Contingent Payment Amount means any payment by Landlord pursuant to the terms of this Lease.

Contingent Payment Amount means $20,000,000, as may be reduced pursuant to Section 2.14.