Potential Payment definition

Potential Payment means the potential payment set forth on Section 1.1 of the Horizon Disclosure Letter.
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Potential Payment shall have the meaning set forth in Section 7.8.1(c) hereof.
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Examples of Potential Payment in a sentence

  • Promptly (and in any event within five (5) Business Days) after such time that any Employee Potential Payment – Contingent becomes no longer payable to the intended recipient (whether because it is forfeited, unearned, waived or otherwise not paid), the Surviving Corporation shall pay such Employee Potential Payment – Contingent to the Stockholders’ Representative for further distribution to the Payment Parties.

  • Potential Payment as % of Annual Compensation Rate XXX% XXX% XXX% In calculating the actual amount of the payment, if any, that will be payable hereunder, each of the performance measurements will be weighted equally (i.e., 25%), and payment will be prorated if financial performance falls between goals.

  • On or before the fifth Business Day following the determination of each Final Earnout Statement, Buyer shall pay to the Trust (for the benefit and account of Sellers) an amount equal to the Earnout Potential Payment multiplied by the Earnout Payment Ratio reflected on such Final Earnout Statement (the “Annual Earnout Payment”).

  • As promptly as practicable, after receipt of such notice of Potential Payment Event of Default or Event of Default, the Senior Representative shall give written instructions to the Collateral Agent and Trustee as to the actions, if any, that are permitted by the Debt Instruments and the Security Agreements to be taken by the Collateral Agent and Trustee.

  • Potential Payment as % of Annual Compensation Rate XX.X% XXX.X% XXX.X% In calculating the actual amount of the payment, if any, that will be payable hereunder, each of the performance measurements will be weighted equally (i.e., 20%), and payment will be prorated if performance falls between goals.

  • As promptly as practicable, after receipt of such notice of Potential Payment Event of Default or Event of Default, the Senior Representative shall give written instructions to the Collateral Agent as to the actions, if any, that are permitted by the Debt Instruments and the Security Agreements to be taken by the Collateral Agent.

Related to Potential Payment

  • Partial Payment means a payment that is insufficient to discharge all amounts then due and payable under the Finance Documents.

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Potential Amortization Event means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event.

  • Total Payment shall have the meaning set forth in Section 2.4(a).

  • Damage Payment means the dollar amount that equals the amount of the Development Security.