Examples of Contingent Purchase Price Payments in a sentence
The Parties agree that the Milestone Payment will be allocated 100% to the Milestone Patent and that the Closing Date Payment will be allocated in the order that they are received by the Seller to the assets set forth above in the order set forth on Schedule 3.4. The Parties agree that the Sales-Based Contingent Purchase Price Payments will be allocated to the licenses granted under Section 2.6.
Any such audits shall be at the sole expense of Seller, unless a variation or error in excess of Five Percent (5%) of the Contingent Purchase Price Payments actually paid is discovered in the course of any such audit, whereupon all costs relating thereto shall be paid by Purchaser, subject to the verification procedure described below.
General obligation bonds issued by local units of government are secured usually by a pledge of the issuer's ad valorem taxing power or other continuing revenue source.
Notwithstanding the foregoing, (1) the maximum amount of Contingent Purchase Price Payments payable hereunder is an amount equal to $[***] (the “Overall Contingent Purchase Price Cap”); and (2) in no event shall any Contingent Purchase Price Payment be payable for a Year in which an Underproduction Event occurs.
Subject to the terms and conditions of this Agreement, the aggregate purchase price for the Securities will be (a) Forty-Five Million Dollars ($45,000,000), minus the amount, if any, determined at and following Closing in accordance with Section 2.06 (as adjusted, the “Initial Purchase Price”), plus (b) the Contingent Purchase Price Payments, if any (collectively, the “Purchase Price”).
In the event that Borrower is prohibited from making the Contingent Purchase Price Payments, Borrower shall cause Parent to make such payments in accordance with its guaranty delivered to Seller under the Stock Purchase Agreement.
Except as provided below, the Company and the Shareholders’ obligations to provide indemnification under this Article V, in the aggregate, will not exceed 50% of the amount of the Purchase Price actually paid to the Company, which, for avoidance of doubt includes the Closing Cash Purchase Price, Buyer Stock, Deferred Cash Purchase Price and Contingent Purchase Price Payments.
The Contingent Purchase Price Payments shall be payable to the Sellers on the terms and conditions set forth in this Agreement and allocated by the Sellers among the Sellers as set forth in S chedule 2.2(a) of the Sellers’ Disclosure Schedule.
Payment of Principal, Redemption Premium, If Any, and Interest 26 SECTION 4.02.
This Agreement shall be effective on the Closing Date, if one occurs, and shall continue until the earlier the payment of all Contingent Purchase Price Payments pursuant to Section 4 or the expiration of Sellers’ payment rights hereunder.