First Additional Payment definition

First Additional Payment shall have the meaning set forth in Section 3.1(a)(iii).
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First Additional Payment means the first additional payment made by the Buyer to the Seller 1 in respect of the transfer of ownership over the Subsequent Shares, in accordance with Appendix 1 and the other provisions of this Agreement;
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First Additional Payment means an amount equal to the result obtained by subtracting (a) the product of the 1999 Average EBT times seven, minus (b) 'L'4.75 million. Notwithstanding the foregoing, if such result equals a negative number then the "First Additional Payment" shall be equal to zero.
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Examples of First Additional Payment in a sentence

  • An additional payment of $250,000 (together with the additional payment described in Section 2.1(b)(iii) below, individually and collectively referred to herein as an “Additional Payment”) for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2015 Royalty Report in the event the First Additional Payment Condition is met.

  • If the First Additional Payment Condition is not met, no Additional Payment shall be clue or payable in connection with the 2015 Royalty Year.

  • If the First Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 Royalty Year.

  • An additional payment of $250,000 (together with the additional payment described in Section 2.1(b)(iii) below, individually and collectively referred to herein as an “Additional Payment”) for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 Royalty Report in the event the First Additional Payment Condition is met.

  • In the event a Management Shareholder is terminated for cause, as defined in such Management Shareholder's employment agreement, or a Participating Shareholder voluntarily terminates his employment with the Company prior to December 31, 1999 in the case of the First Additional Payment or December 31, 2000 in the case of the Second Additional Payment, such Participating Shareholder shall not participate in any such Payment made after the date of such termination.

  • Minimum Contribution: $2.0 million First Additional Payment: $1.375 (one point three hundred and seventy-five USD) for each Contribution dollar generated in the First Additional Period in excess of $2.0 million (up to a cap of $2.4 million).

  • In the event that (1) Year 2 Actual EBITDA is greater than $8.98 million, and (2) Year 1 Actual EBITDA was less than $5.99 million, then Fellon and McCord shall receive an ▇▇▇▇▇ional payment ("First Additional Payment") in an aggregate amount equal to the lesser of (a) (Year 2 Actual EBITDA minus $8.98 million) divided by $5.99 million multiplied by $6,045,180, and (b) $6,045,180 minus the Year 1 Performance Payment.

  • For clarity, this Section 4.7(a) shall operate only once, on the First Additional Payment Trigger Date, and any subsequent calculations pursuant to this Section 4.7 shall be carried out pursuant to Sections 4.7(b), (c), (d) or (e), as applicable.

  • As used herein, “Second Additional Payment” shall mean a fee equal to (A) $17,500,000 minus (B) the amount of the First Additional Payment (if any) actually paid to the Company pursuant to Section 5.14(a).

  • Subject to achievement of the Minimum Contribution during the First Additional Period, the First Additional Payment shall be paid in cash within ten (10) business days following the public release of RR Media’s financial results for the last fiscal quarter of the First Additional Period.


More Definitions of First Additional Payment

First Additional Payment means the amount (if any) calculated in accordance with Clause 6.1;
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First Additional Payment means an amount (in pounds sterling) equal to 1.1854 x the Excess EBITDA;
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Related to First Additional Payment

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Delta Payment means as it is described in this Agreement.

  • Purchase Price Adjustment Escrow Amount means $500,000.