COMPONENT TWO CONSIDERATION definition
COMPONENT TWO CONSIDERATION means $17,500,000, less any remaining Excess Third Party Expenses not deducted from the Component One Consideration; provided, however, that in the event the Component Two Consideration is not deposited with the Exchange Agent as provided in SECTION 1.6(b)(II) within forty five (45) days of the Anniversary Date, an additional $1,000,000 shall be added to the Component Two Consideration, and any Component Two Consideration amounts that are late and are then due and owing shall accrue penalty interest at the rate of ten percent (10%) per annum from the Anniversary Date until paid; and provided further, that in the event the Component Two Consideration is not deposited with the Exchange Agent as provided in SECTION 1.6(b)(ii) within one hundred eighty days (180) days of the Anniversary Date, a further additional $1,000,000 shall be added to the Component Two Consideration, in addition to said interest which will continue to accrue until the Component Two Consideration is paid.