Earnout Payment definition

Earnout Payment has the meaning set forth in Section 2.3(b).

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Earnout Payment shall have the meaning set forth in Section 2.4(a).

Earnout Payment shall have the meaning set forth in Section 1.9.

Examples of Earnout Payment in a sentence

In addition, from the Closing until the end of the Earnout Period, Buyer Parties shall not (and they shall cause each Company and their respective Subsidiaries not to) take or omit to take any action with a purpose to avoid, reduce or frustrate any Gross Profit, Earnout Amount or Earnout Payment.
For the avoidance of doubt, during any period that any Earnout Payment is not made pursuant to this Section 2.9(i), interest shall accrue on the unpaid amount as provided in Section 2.9(d).
All obligations of Buyer Parties pursuant to this Agreement in respect of the Earnout Payment (collectively, the “Subordinated Obligations”) are hereby expressly made junior and subordinated in right of payment and enforcement to all Senior Debt.
Upon the cessation of any such prohibition or restriction, Buyer Parties shall make the Earnout Payment as promptly as practicable (and in no event less than five (5) Business Days after such prohibition or restriction ceases).

More Definitions of Earnout Payment

Earnout Payment as defined in Section 2.6(a).

Earnout Payment has the meaning set forth in Section 2.9.

Earnout Payment shall have the meaning set forth in Section 1.7(b) of this Agreement.

Earnout Payment shall have the meaning set forth in Section 3.4(c).

Earnout Payment means the sum of the (x) the cash amount of any Earnout Consideration actually paid to the Seller, plus (y) the dollar value (based on the applicable Earnout Share Price) of the shares of Buyer Common Stock issued to the Seller as Earnout Consideration.

Earnout Payment is defined in Section 2.5(a).

Earnout Payment means, for any Earnout Period, an amount of the excess, if any, of Available Cash, over the Retained Amount.