Deferred Consideration Unit definition
Deferred Consideration Unit shall have the meaning specified in Section 2.4(a).
Examples of Deferred Consideration Unit in a sentence
The amount paid for any Deferred Consideration Unit will be based upon a schedule substantially in the form of Schedule I that Purchaser shall deliver to Seller no later than 5:00 p.m., New York time, on the Business Day immediately preceding the Closing Date (the “Closing Deferred Consideration Schedule”).
Such unpaid portion shall be expressed as a fraction, the numerator of which is (A) the Deferred Consideration Unit Price for such month, multiplied by the number of Deferred Consideration Units provided in subsection (iii) above, minus (B) the Liquidity Event Proceeds (the “Unpaid Unit Amount”), and the denominator of which is the Deferred Consideration Unit Price (such fraction, the “Unpaid Unit Fraction”).