Projected Payout Date definition

Projected Payout Date means at any time, the next date that the Manager in good faith reasonably projects that the Company will achieve Payout, which date is determined to be reasonable by the Company’s accounting firm.
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Examples of Projected Payout Date in a sentence

  • Each Option shall be exercised by delivery by Investor to WRI Sub (with a copy to Absaloka) of a notice (the “Option Notice”) within 60 days of receipt of the Projected Payout Date Notice, during which period, pursuant to the terms of the Restated Operating Agreement, Payout may not occur.

  • Each notice of Projected Payout Date and each certification required by this Section 7.1(b)(vi) shall set forth the Indian Coal Production Tax Credits generated by the production and sale of Indian Coal from the Sublease through the end of the most recent calendar quarter which ended more than 20 days before the date of the notice and certification.

  • The Manager shall, on the fifth Business Day prior to the Projected Payout Date, certify to the Members in writing that the Projected Payout Date continues to be reasonable based on all information known to it, which certification shall include the certification by the Company’s accounting firm.