Outstanding Invoice definition
Examples of Outstanding Invoice in a sentence
Schedule 4.2 lists such customers and the corresponding Outstanding Invoice amounts and renewal periods to which such Outstanding Invoices relate.
Accordingly, Purchaser and Seller agree that for any Outstanding Invoice payments received after the Closing Date, they will remit to each other such amounts as are necessary to result in Purchaser receiving 11/12ths of the Outstanding Invoice payments if the Closing Date occurs on or before February 14, 2020, and 10/12ths of the Outstanding Invoice payments if the Closing Date occurs on or after February 15, 2020.
The Company agrees that if the sale of the Shares by the Agent results in net cash proceeds to the Firm that is less than the Outstanding Invoice owed or any future balances owed to the Firm in connection with the Transaction Matters, the Company shall pay the Firm an amount of cash so that the net cash proceeds from the sale of such Shares, together with such cash payment, shall equal the Outstanding Invoice owed or any future balance owed to the Firm in connection with the Transaction Matters.