New Contract Value definition
Examples of New Contract Value in a sentence
Subject to the terms and conditions contained herein, the Purchaser shall pay to the Sellers a single, lump-sum, payment equal to 15.625% of the Total New Contract Value from Bookings entered into during the period beginning on July 1, 2010 and CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
The Purchaser shall procure, that no later than ninety (90) Business Days after Closing, the Company shall notify the Sellers’ Representative of the Total New Contract Value recognized from Bookings during the Earnout Period and the amount of the applicable Earnout Payment to be paid to the Sellers (the “Earnout Notice”).
The value for these ECPs is $60,000, outlined in the following table: Change# Change Description $ 021 Documentation Updates $ 0.00 022 [**Redacted**] $ [**Redacted**] TOTAL $ 60,000.00 Contract Value Summary Previous Contract Value $ 217,762,399.00 ECPs $ 60,000.00 New Contract Value $ 217,822,399.00 Unless otherwise expressly provided herein, all other terms and conditions of the Agreement shall remain in full force and effect.
While there is no assurance that the Sellers will receive any specific Earnout Payment and Purchaser has not promised or projected any specific amount, Purchaser shall undertake best efforts to support the Executives in operating the Group Companies after the Closing until the end of the Earnout Period with the goal of achieving a highest possible Total New Contract Value which the parties acknowledge to be in their mutual interest.
Expected completion date: September 2013 SUMMARY The value for this ECP is a [**Redacted**] of $682,000, outlined in the following table: Change# Change Description $ 024 [**Redacted**] Phase 2 $ 682,000.00 TOTAL $ 682,000.00 Contract Value Summary Previous Contract Value $ 169,047,033.00 ECP $ 682,000.00 New Contract Value $ 169,729,033.00 Unless otherwise expressly provided herein, all other terms and conditions of the Agreement shall remain in full force and effect.
The value for these ECPs is $575,000, outlined in the following table: Change # Change Description $ 008 Document Updates [**Redacted**] 009 [**Redacted**] [**Redacted**] TOTAL $ 575,000.00 Contract Value Summary Previous Contract Value $ 184,242,399.00 ECPs $ 575,000.00 New Contract Value $ 184,817,399.00 Unless otherwise expressly provided herein, all other terms and conditions of the Agreement shall remain in full force and effect.