FPH Member definition
Examples of FPH Member in a sentence
FPH Member will deliver any amount due pursuant to this clause (B) to the account designated by Principal for such purpose and Principal will be entitled to allocate that amount between the Sellers as he may determine in his discretion.
At Closing, if there is a Co-Investment Adjustment amount reflected on the Estimated Closing Statement then: (i) FPH Member shall make payment in an amount equal to the Co-Investment Adjustment to Legacy HS by Wire Transfer, (ii) New Hearthstone shall issue the Additional FPH Co-Investment Class A Units to FPH and (iii) New Hearthstone shall issue the Additional HS Co-Investment Class A Units to Legacy HS.
At Closing, (i) if the Working Capital Adjustment amount reflected on the Estimated Closing Statement is a positive number, FPH Member shall make payment in an amount equal to the Working Capital Adjustment to Legacy HS by Wire Transfer, and (ii) if the Working Capital Adjustment reflected on the Estimated Closing Statement is a negative number, the FPH Member shall reduce the amount payable pursuant to Section 2.2(b)(ii) by an amount equal to the Working Capital Adjustment.