Examples of Earn Out Obligations in a sentence
The definition of “Indebtedness” in Section 1.1 of the Credit Agreement is amended by inserting the text “(including, without limitation, Earn Out Obligations) which appear as liabilities on the balance sheet of such Person as determined in accordance with GAAP” immediately following the text “deferred purchase price of property or services”.
Notwithstanding anything to the contrary in the foregoing or in any Loan Document, the Loan Parties and their Subsidiaries shall be permitted to prepay Earn Out Obligations at any time, so long as (x) no Default or Event of Default then exists or would arise therefrom and (y) the Loan Parties or their Subsidiaries derive a material benefit from such prepayment.
The additional cost to undertake an extended phase three is £31,000.
For purposes of determining the aggregate consideration paid for any Permitted Acquisition, the amount of any Earn Out Obligations shall be deemed to be the maximum amount of the earn-out payments in respect thereof as specified in the documents relating to such Permitted Acquisition.
Sections of PPG that the main parties considered to be relevant have been supplied as CD-27.