Earn Out Condition definition

Earn Out Condition means the following condition for terminating a Sweep Period: Facility Availability shall have been greater than the greater of (x) the amount that is 10% of the aggregate amount of the Commitments and (y) $150,000,000 for 60 consecutive days.
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Earn Out Condition means, as applicable, the Initial Earn Out Condition, the Second Earn Out Condition, the [Redacted – confidential information] Earn Out Condition, the Initial [Redacted – confidential information] Earn Out Condition or the Second [Redacted – confidential information] Earn Out Condition and “Earn Out Conditions” means, collectively, all of the Initial Earn Out Condition, the Second Earn Out Condition, the [Redacted – confidential information] Earn Out Condition, the Initial [Redacted – confidential information] Earn Out Condition and the Second [Redacted – confidential information] Earn Out Condition.
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Earn Out Condition means Earn-Out Gross Profit exceeded $162,904,585.
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Examples of Earn Out Condition in a sentence

  • If the Initial Earn Out Condition has been met and, subsequently, the Second Earn Out Condition has been met, Volvo Sweden and/ or Volvo Canada (as decided by Volvo Sweden) shall, subject to and in accordance with the terms set out in Section 2.3(b), pay to Westport Canada the Second Earn Out Amount, together with any applicable interest that has accrued on the Second Earn Out Amount in accordance with Section 2.3(b)(ii)(B).

  • If the Initial Earn Out Condition has been met, Volvo Sweden and/ or Volvo Canada (as decided by Volvo Sweden) shall, subject to and in accordance with the terms set out in Section 2.3(b), pay to Westport Canada the Initial Earn Out Amount, together with any applicable interest that has accrued on the Initial Earn Out Amount in accordance with Section 2.3(b)(ii)(B).


More Definitions of Earn Out Condition

Earn Out Condition means the Webcom Inc. business having achieved $5,900,000 in total billed revenue in 2012.
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Earn Out Condition means Earn-Out Gross Profit exceeded $162,904,585. “Earn-Out Consideration Payment Obligation” is defined in Section 2.13(g).
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Earn Out Condition has the meaning set forth in Section 3.4(a).
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Related to Earn Out Condition

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).