Payment Amount definition
Examples of Payment Amount in a sentence
The parties intend to treat each Milestone as a valid performance condition and each respective Milestone Payment Amount as subject to a substantial risk of forfeiture as defined under Section 409A of the Code.
Notwithstanding anything to the contrary set forth herein, the Rights Agent shall have no responsibility whatsoever with respect to any Milestone Payment Amount to Holders in respect of Equity Award CVRs that will be paid through the Company’s or its or the Parent’s applicable Affiliate’s payroll system.
On the Maturity Date, the entire Payment Amount (or, if an Event of Default shall have previously occurred, the Default Amount) shall become due and payable.
Upon the terms and subject to the conditions set forth herein, on the Closing Date the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 7,142,857 shares of Class A Common Stock (the “Shares”) in exchange for the BTC Payment Amount, as determined in accordance with this Section 2.1.
If this Agreement is terminated and the Purchaser has transferred BTC to the Company Wallet and the Closing has not occurred, the Company shall promptly, and in any event within five (5) Business Days following such termination, return to the Purchaser the full BTC Payment Amount (denominated in Bitcoin, not U.S. Dollars) to a wallet address designated by the Purchaser in writing, without deduction, offset, or interest.