Earnout Payments definition

Earnout Payments has the meaning specified in Section 2.7.

Earnout Payments means payments made by the Lead Borrower and/or any of its Restricted Subsidiaries under a contractual arrangement entered into with a seller in connection with the Acquisition or a Permitted Acquisition as part of the consideration given to such seller for such Acquisition or Permitted Acquisition where the amounts of such payments are based upon, and are dependent upon, the business acquired pursuant to such Acquisition or Permitted Acquisition achieving meaningful revenue, earnings or other performance target levels agreed upon in good faith by the Lead Borrower and such seller.

Earnout Payments means payment obligations of the Borrower or any Restricted Subsidiary owed in connection with an Acquisition permitted hereunder which are required to be made over a period of time and that are contingent upon the Borrower or any Restricted Subsidiary meeting financial performance objectives or similar payments.

Examples of Earnout Payments in a sentence

• The transformer tank and cover shall be fabricated from good commercial grade low carbon steel suitable for welding and of adequate plate thickness.

• No other Earnout Payments shall be reduced with respect to indemnification claims by the Indemnified Party.

• As noted above, the relevant Agreement provision follows:In the event of Britt’s death after the closing, Buyer shall continue to make Earnout Payments to Britt’s Successor-in-Interest as set forth in this Agreement.

• Calculations of the net sales and the applicable gross margin Earnout Payments will be made in accordance with Generally Accepted Accounting Principles following the completion of the applicable fiscal year in which such net sales are made.

• Such information will include any information that is reasonably related to the achievement of the Earnout Payments, including, without limitation, information relating to the Unidym Revenue.

More Definitions of Earnout Payments

Earnout Payments means, in connection with an acquisition of the business by a Consolidated Company, any payments agreed to be made to the sellers in said acquisition as a part of the purchase price, and which payments are based upon certain performance or other standards relating to the business which has been acquired.

Earnout Payments has the meaning set forth in Section 1.04.

Earnout Payments shall have the respective meanings set forth in Section 2.1 hereof.

Earnout Payments means any payments which any Credit Party is or shall be legally obligated to make to Cecix Xxxxxx xxxsuant to the terms of Section 2(c)(iv) of that certain Employment Agreement dated as of May 18, 1999 by and among Star Bedding Products Limited, Cecix Xxxxxx xxx Sleepmaster L.L.C.

Earnout Payments means, with respect to any period, all earnout payments and other forms of consideration payable in respect of any Acquisition which payments were contingent as of the date of such Acquisition (and did not constitute a Cost of Acquisition at such date) but which become due and payable without contingency during such period.

Earnout Payments means payments the Buyer is required to make to the Sellers and Phantom Plan Participants pursuant to Sections 2.7 and the Phantom Plan Payment Agreement.

Earnout Payments means any amounts payable to Company Equityholders pursuant to Annex 1 hereto.