Initial Consideration definition

Initial Consideration shall have the meaning set forth in Section 5.01.

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Initial Consideration has the meaning set forth in clause 3.1;

Initial Consideration means the total amount a purchaser is obligated to pay under a business opportunity contract before or at the time products, equipment, supplies, or services are delivered or within six months after the date the purchaser begins operation of the business opportunity plan. The term means the total sale price if the contract states a specific total sale price for purchase of the business opportunity plan and the total sale price is to be paid as a down payment and one or more additional payments. The term does not include the not-for-profit sale of sales demonstration materials, samples, or equipment for not more than $500.

Examples of Initial Consideration in a sentence

• The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur remotely via conference call and the electronic exchange of documents and signatures and payment of Initial Consideration within 10 Business Days from the date in which the conditions in Article III are satisfied (the “Closing Date”) and the Closing shall be deemed to be effective as of the Adjustment Calculation Time.

• Purchaser will deliver, or, as the case may be, will cause to be delivered, to the Seller the Initial Consideration Shares directly to GTU Ops Inc to be held in depositary receipt form for the benefit of the Seller, with Seller’ name to be entered on the register of depositary receipts (as held by Computershare) as the beneficial holder of the Consideration Shares to which Seller is entitled (with such entitlement to be represented by the issue of depositary receipt certificates by Computershare).

More Definitions of Initial Consideration

Initial Consideration shall have the meaning specified in Section 2.1(a).

Initial Consideration has the meaning set forth in Section 3.1 herein.

Initial Consideration has the meaning set forth in Section 2.02.

Initial Consideration means the sum of the Initial Cash Consideration and the Assumed Liabilities (other than liabilities or obligations of the Acquired Companies).

Initial Consideration means the sum of any cash and the Fair Market Value of any securities received by the Company or the Securityholders upon the Closing of a Merger Transaction. For clarity, the term “Initial Consideration” is intended to represent the proceeds that are paid to the Company or the Securityholders upon Closing without deduction for any transaction fees related to the Merger Transaction that are paid by the Company or its Securityholders (such as fees related to legal services, accounting services, financial advisory services, investment banking services or other professional services) but excluding (a) any payments to employees or other service providers in the form of severance, change in control payments, or other bonuses paid by the purchaser or other acquirer of the Company’s assets or stock in connection with the Merger Transaction and (b) any Contingent Consideration.

Initial Consideration shall have the meaning set forth in Clause 6.1.2.

Initial Consideration has meaning ascribed by Clause 4.1;