Examples of Second Anniversary Payment in a sentence
In such event, the number of shares of Suburban Stock to be delivered shall have a fair market value equal to the First Anniversary Payment, Second Anniversary Payment, or Third Anniversary Payment, as appropriate.
During the period commencing on the Effective Date and continuing until the date on which the full Second Anniversary Payment is due (the “Collections Period”), Buyer shall keeps records as to the amount of cash actually received by Buyer on account of accounts receivable, work in progress and other amounts owed to any Subject Company based upon, related to, or arising out of agreements, transactions, acts or omissions occurring at or prior to the Effective Date (“Cash Collections”).
If the First Anniversary Payment is either zero or completely offset against obligations of Seller, then no obligation of Seller shall arise until after the Second Anniversary Payment is calculated.
In the event that the IPO Closing Date occurs prior to the payment of the First Anniversary Payment, the Second Anniversary Payment and/or the Third Anniversary Payment, then Purchaser shall pay to Seller by wire transfer of immediately available funds in US Dollars, immediately following the IPO Closing Date, the First Anniversary Payment, the Second Anniversary Payment and/or the Third Anniversary Payment (in each case only to the extent Purchaser has not previously paid such amounts to Seller).
No later than the ninety- -------------------------- fifth (95th) day following the second anniversary of the Closing Date, Suburban and Purchaser, jointly and severally, shall deliver the Second Anniversary Payment, if due.
The "PURCHASE PRICE" shall be the sum -------- of the Closing Payment, the First Anniversary Payment, the Second Anniversary Payment, and the Third Anniversary Payment.
If the Term extends beyond the Second Anniversary pursuant to Section 2 hereof, upon termination of the Extended Term, the Company shall determine the run rate synergies achieved on the termination date of such Extended Term and shall pay an amount equal to the corresponding Conversion Bonus less the amount of the First Anniversary Bonus Payment and the Second Anniversary Payment.
The Shareholders hereby appoint the Principal Shareholders as their representatives and agents (the "Shareholder Representatives") for all purposes --------------------------- related to the collection, receipt and disbursement of the Initial Payment, the First Anniversary Payment, and the Second Anniversary Payment.
Three Thousand Three Hundred Thirty-Three Dollars ($5,333,333) on the second anniversary of the date of this Agreement, (the "Second Anniversary Payment"), payable by wire transfer of immediately available funds to the Account.
At the discretion of the Company, all -------------- of the First Anniversary Payment, Second Anniversary Payment or Third Anniversary Payment may be paid in either shares of Suburban Stock or cash at the election of the Company, provided that such shares may be issued in each such case without registration under the Securities Act or state blue sky laws.