Gross Common Payment definition
Gross Common Payment means an amount equal to (a) $110,000,000, minus (b) the amount of unpaid Transaction Expenses at the Closing in excess of $800,0000, minus (c) the Aggregate Preferred Distribution Amount.
Examples of Gross Common Payment in a sentence
Unless otherwise required by Law, all payments made pursuant to this ARTICLE VII shall be treated for all Tax purposes as adjustments to the Gross Common Payment.