Future Payment Amount definition

Future Payment Amount means an amount equal to the sum of the Initial Future Payment Amount, if any, plus the Final Future Payment Amount, if any.

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Future Payment Amount means, with respect to any Financing Contract, the amount specified in clause (ii) of the definition of Loan Payment Amount for such Financing Contract and determined as of the date (a) such Financing Contract was terminated or prepaid in full by an Obligor thereunder, (b) on which a payment was made or required to be made pursuant to any of Section 2.16, Section 2.17, Article V, or Section 6.05 of the Sale and Contribution Agreement or Section 5.01 of the Undertaking and Replacement Agreement or (c) solely for the purposes of the definition of Reduction Amount, such Financing Contract became an Actual Write-Off or Deemed Write-Off, as applicable. Notwithstanding the foregoing, as to any Financing Contract for which a payment was required to be made under Section 6.04 of the Sale and Contribution Agreement, the “Future Payment Amount” with respect to such Financing Contract shall be an amount determined by Lender in good faith to be fairly allocable to payments that would otherwise have become due under such Financing Contract after the date of such required payment.

Future Payment Amount means the amount specified as the "Future Payment Amount" under the heading "Details of this Agreement" in the Principal Terms;

Examples of Future Payment Amount in a sentence

• To the extent Purchaser has provided a Claims Notice before any payment of the Future Payment Amount is due (including any disbursement of the Escrow Amount), and such Claims Notice is not resolved, Purchaser shall be permitted to withhold from such payment, and any subsequent payments, until such Claims Notice is resolved, a reasonable amount as a reserve to cover the potential indemnification obligations of Sellers with respect to such Claims Notice.

• If you are registered for GST, you must also give us a GST invoice to reflect the sale of the Vehicle to us at the Future Payment Amount.

• On each yearly anniversary of the Closing Date each Seller will receive the portion of the Future Payment Amount set forth opposite such Seller’s name on Schedule I attached hereto.

• Notwithstanding anything to the contrary herein, Parent may, but is not obligated to, offset against any Future Payment Amount an amount equal to Post-Closing Transaction Expenses that become due and payable following the Effective Time, if any.

• Upon notice to Seller specifying in reasonable detail the basis therefor, Buyers may set off any amount to which it may be entitled under this Section 10 against amounts otherwise payable under any of the Transaction Documents, including, without limitation, the Deferred Amount and the Future Payment Amount.

• The Purchaser has, and at Closing will have, sufficient sources of financing in order to consummate the transactions contemplated by the Agreement and to fulfill its obligations hereunder, including, without limitation, payment to the Sellers of the Closing Cash Payment at closing and the Future Payment Amount.

• Purchaser will pay to Sellers the Future Payment Amount in equal installments on each yearly anniversary of the Closing Date beginning in 2011 and ending in 2015.

• Because the Final Future Payment Amount will not be paid, no portion of the Final Bonus will be earned or ever become payable to any Participant.

• The parties hereto agree and acknowledge that the Final Future Payment Amount will not be earned and neither ClickTracks, ▇▇▇▇▇▇, nor any of their respective affiliates shall have any obligation to make any payment to the Securityholders with respect to the Final Future Payment Amount.

• Raven shall pay the Future Payment Amounts in quarterly installments following the Second Closing, as described in Section 2.8. Subject to the payment of the Deferred Amount and the Future Payment Amount, the balance of the Purchase Price shall be deemed paid at First Closing by the execution and delivery of the Assignment and Assumption Agreement.

More Definitions of Future Payment Amount

Future Payment Amount shall have the meaning specified in Section 1.3(e).

Future Payment Amount means collectively, (a) any Adjustment Amount, to the extent such amount is a positive number, that may become distributable to Participating Securityholders pursuant to Section 1.14 (Post-Closing Adjustment), (b) any portion of the Milestone Consideration that may become distributable to the Participating Securityholders pursuant to Section 1.9 (Milestone Consideration), (c) any portion of the Escrow Fund that may become distributable to Participating Securityholders pursuant to Section 1.15(c) (Escrow Agreement) and the Escrow Agreement, and (d) any portion of the Securityholders’ Representative Reserve that may become distributable to Participating Securityholders pursuant to Section 1.16(d) (Securityholders’ Representative).

Future Payment Amount is an amount equal to Three Million Five Hundred Thousand Dollars ($3,500,000). On each yearly anniversary of the Closing Date each Seller will receive the portion of the Future Payment Amount set forth opposite such Seller’s name on Schedule I attached hereto.