ICE Payment definition
Examples of ICE Payment in a sentence
All of the ICE Payment shall be used by ICE for the purpose of funding ICE’s acquisition, operation and/or management of the Ethanol Facilities.
Pursuant to Article III, at the Closing, Buyer shall pay an estimated purchase price equal to: the sum of (A) $200,000,000.00 (Two Hundred Million Dollars), (B) the Estimated Net Working Capital, (C) the ICE Payment and (D) the Debt Reduction Amount (which amount may be either a negative or a positive number) (collectively, the “Estimated Purchase Price”).
The Company shall pay and contribute to ICE an amount equal to fifteen percent (15%) of all proceeds raised by the Company from the sale of its Series A Preferred Stock (the “Series A Stock Offering”) (the “ICE Payment”); provided, however, that the total amount of the ICE Payment that shall be paid and contributed to ICE under this Agreement shall not exceed Forty-Five Million Dollars ($45,000,000).