Second Closing Payment definition

Second Closing Payment shall be an amount in cash equal to $795,000 payable to the Investors at the Second Closing as provided in Section 2.4.
Second Closing Payment means (A) an amount equal to the Second Closing Purchase Price, (B) plus the Closing Cash for the Plan Companies, (C) plus the Estimated Closing CFCHP TNE Surplus or minus the Estimated Closing CFCHP TNE Deficiency, as applicable, (D) minus the AHMS Indemnity Escrow Amount, (E) minus the AHMS Adjustment Escrow Amount, (F) minus the AV Escrow Amount, (G) minus the Estimated Second Closing Funded Indebtedness, (H) minus the Second Closing Estimated Transaction Expenses as of the Second Closing, and (I) minus the Equityholder Representative Fund.
Second Closing Payment has the meaning set forth in Section 4.5(ii).

Examples of Second Closing Payment in a sentence

  • Any joint written instructions to be delivered to the Escrow Agent pursuant to this Section 2.3(a) shall be delivered promptly, but in no event later than five (5) calendar days following the date on which the First Calculation of the Initial Closing Payment or Final Calculation of the Second Closing Payment, as applicable, becomes binding pursuant to Section 2.2.

  • The “Final Calculation of the Second Closing Payment” shall mean the recalculation of the Second Closing Payment using the Second Closing Statement proposed by the Buyer Parties under Section 2.2(b); provided, that if any of the amounts on such Second Closing Statement are objected to by the Equityholder Representative pursuant to Section 2.2(e), the final determination of such amounts in accordance with thisSection 2.2 shall be used in the Final Calculation of the Second Closing Payment.


More Definitions of Second Closing Payment

Second Closing Payment shall have the meaning set forth in Section 2.2(a)(ii).
Second Closing Payment means the Second Closing Purchase Price, plus any amounts paid to Purchaser under Section 3 of the Management Agreement, plus any operating expenses of LiveTV Satellite paid by the Seller from the Closing to the Second Closing, less any distributions by LiveTV Satellite to the Seller from the Closing to the Second Closing.
Second Closing Payment is defined in Section 5.2(i)(ii).
Second Closing Payment means Five Hundred Thousand Dollars ($500,000).
Second Closing Payment means (a) the Second Closing Purchase Price; minus (b) Closing Indebtedness for the Second Closing.
Second Closing Payment has the meaning set forth in Clause 2.3.2;
Second Closing Payment is defined in Section 2.3(b).