Definition of Pre-Closing Date Payment Amount


Pre-Closing Date Payment Amount means an amount equal to (i) a decimal fraction equal to twenty percent (20%); multiplied by (ii) the difference of (A) the Excess Underfunded Amount, minus (B) the Underfunded Payment Net Tax Benefit Amount. An example of the calculation of the Excess Underfunded Amount, Underfunded Payment Net Tax Benefit Amount and Pre-Closing Date Payment Amount is attached as Exhibit F.
Sample 1

Examples of Pre-Closing Date Payment Amount in a sentence

Within five (5) Business Days of the Final Settlement Date, Nevada Moly shall make a payment in the Pre-Closing Date Payment Amount to POS-Minerals.