Initial Payout Amount definition
Initial Payout Amount means (A) two hundred ten million dollars ($210,000,000), (B) minus the Escrow Amount, (C) minus the Working Capital Escrow Amount, (D) minus the Company Stockholder Representative Amount, (E) minus the Transaction Expenses and (F) plus or minus any Initial Net Working Capital Adjustment pursuant to Section 1.13(b).
Initial Payout Amount shall have the meaning given to it in Section 1.5(a)(iii).
Examples of Initial Payout Amount in a sentence
The Initial Payout Amount shall be subject to adjustment pursuant to this Section 1.13 as follows.
The Buyer has (and will, at the Closing, have) sufficient funds on hand to pay the Initial Payout Amount and will, at the expiration of the Earn-Out Period have sufficient funds available to pay the Net Earn-Out Amount (if any).