Payment A definition

Payment A has the meaning given in clause 26.12(c)(i); “Performance Report” has the meaning set out in clause 8.1;

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Payment A has the meaning given in clause 17.11(c)(i);

Payment A means the first of the three payments from the Purchaser to the Seller, to occur at the First Closing, consisting of $13,000,000 in cash and the issuance of 600,000 shares of Common Stock registered in the name of the Seller.

Examples of Payment A in a sentence

• If a Settling State is eligible for Incentive Payment A on the basis of a Settlement Class Resolution, and a Primary Subdivision that opted out of the Settlement Class Resolution maintains a lawsuit asserting a Released Claim against a Released Entity, the following shall apply.

• A shall not apply where the Settling State at issue meets the eligibility criteria for and is entitled to Incentive Payment A for the Payment Year at issue, except as expressly provided therein.

• A Settling State is not eligible for Incentive Payment C for a Payment Year in which it is eligible for Incentive Payment A.

• Incentive Payment B shall be available to Settling States that are not eligible for Incentive Payment A for the applicable Payment Year.

• Incentive Payment C shall be available to Settling States that are not eligible for Incentive Payment A for a Payment Year, including to Settling States that are also eligible for Incentive Payment B.

• For the Payment Years 1 and 2, all Settling States are deemed eligible for Incentive Payment A.

• For the avoidance of doubt, because all Settling States are deemed eligible for Incentive Payment A for Payment Years 1 and 2 under Section IV.F.1.c, a suspension of Payments under Section XII.A.2 shall not apply to any Settling States for those Payment Years.

• Incentive Payment A shall be equal to forty percent (40%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States, provided all Settling States satisfy the requirements of Incentive Payment A.

• The Payment Date for Payment Year 3 and successive Payment Years is July 15 of the third and successive years and the Annual Payment shall be made pursuant to the process set forth in Section IV.B, except that, with respect to Payment Year 3, Settling States shall have up to the Payment Date to become eligible for Incentive Payment A and thus avoid the reductions set forth in Section XIII.

• F.1.b, for each Payment Year other than Payment Years 1 and 2, a Settling State that is not eligible for Incentive Payment A as of the Incentive Payment Final Eligibility Date shall not be eligible for Incentive Payment A for that Payment Year or any subsequent Payment Years.

More Definitions of Payment A

Payment A means a payment to be made on the first anniversary of the Effective Time (or such sooner date as Parent may in its sole discretion designate) equal to $4,300,000.

Payment A has the meaning set out in Schedule B.

Payment A shall have the meaning given in Section 2.02(a)(i).