Notional Payment definition

Notional Payment means the agreed amount, which shall be paid as compensation to the Insured per unit deviation in Weather Index.

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Notional Payment means the agreed amount, which shall be paid as compensation to the Insured per unit deviation in Weather Index (To be specified for each Policy under section “Coverage Details” in Schedule I).

Notional Payment means an amount in cash equal to the quotient obtained by dividing (i) the Aggregate Purchase Price by (ii) the Fully Diluted Number.

Examples of Notional Payment in a sentence

• Any payment of Contingent Merger Consideration to Eligible Earnout Recipients that held Cash-Out Options or BSA Escrowed Options, as applicable, at the Effective Time shall be based upon an initial determination by Parent of the Core Business Revenue for such Fiscal Year then ended and the Earnout Notional Payment Amount and Earnout Payment Amount, if any, for such Fiscal Year then ended (the “Preliminary Determination”).

• Notwithstanding anything to the contrary set forth herein, when determining the actual Core Business Revenue for such Fiscal Year then ended or the actual Earnout Notional Payment Amount and Earnout Payment amount, if any, for such Fiscal Year then ended, in no event shall Parent be bound by the Preliminary Determination of the Core Business Revenue or the Earnout Notional Payment Amount or the Earnout Payment Amount, if any, with respect such Fiscal Year then ended.

• Any such written agreement shall be signed by Parent and the Stockholders’ Committee and shall include a revised Annual Earnout Statement (a “Revised Annual Earnout Statement”) reflecting such resolution, including the agreed-upon Earnout Notional Payment Amount and Earnout Payment Amount, if any, for such Fiscal Year.

More Definitions of Notional Payment

Notional Payment means an amount in cash equal to the quotient obtained by dividing (i) the Aggregate Junior Merger Closing Consideration by (ii) the Junior Closing Share Number.