Examples of Post-Closing Payments in a sentence
Parent will cause Buyer to comply with all of its post-Closing payment obligations set forth in Section 3.3(a) and Section 3.3(b) (the “Post-Closing Payments”), and, as a material inducement to Seller entering into this Agreement, Parent hereby guarantees the full performance and payment of the Post-Closing Payments by Buyer.
This is a guarantee of payment and of collection, and Buyer and Parent agree that Seller may pursue any and all available remedies it may have arising out of any breach of the obligation to make the Post-Closing Payments against either or both of Parent or Buyer.
If any Dissenting Shareholder shall have effectively withdrawn or lost the right to dissent with respect to any Ordinary Shares, such Ordinary Shares shall thereupon be treated as though such Ordinary Shares had been converted, as of the Effective Time, into the right to receive the applicable portion of the Aggregate Consideration and any Post-Closing Payments.
It is acknowledged that, in accordance with the terms of the Equity Plans, each holder of the Vested Company Options has a contractual right to receive a pro rata portion of the Aggregate Consideration and Post-Closing Payments as if the Vested Company Options had been exercised and Ordinary Shares had been issued, but in all cases less the aggregate exercise price that would have been payable in respect of such issuance.
It is understood that any Post-Closing Payments related to a Closing are highly speculative and are considered to be subject to a “substantial risk of forfeiture” until paid.