Examples of Earn-Out Event in a sentence
Upon the occurrence of a FirstPro Earn-Out Event, Calloway has agreed to pay the FirstPro Earn-Out Proceeds to FirstPro.
Seller may exercise such right within 60 days after obtaining actual knowledge that such Special Earn-Out Event has occurred (the date of such occurrence, the “Special Earn-Out Trigger Date”) by providing written notice to Buyer of such request, which notice shall also describe the reasons supporting the request (a “Special Earn-Out Notice”).
If a Special Earn-Out Event occurs, Seller will have the right to require, in lieu of the Contingent Consideration payable pursuant to this Annex A, a special payment in accordance with this Section 1.7 of Annex A.
The guidance presents four ‘ready-made’ options for calculating MRP but other options are not ruled out provided they are consistent with the statutory duty to make prudent provision.
Upon the occurrence of an Earn-Out Event, Calloway will agree to pay the Earn-Out Proceeds to the Partnership as calculated in the manner set out in the Purchase Agreement.