Second Payment definition

Second Payment as defined in Section 2.6 (a).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Second Payment shall have the meaning specified in Section 2.1 herein.

Second Payment. Has the meaning given to it in Section 3.1(b).

Examples of Second Payment in a sentence

• If the Sellers fail to deliver the Escrowed Documents on the Escrowed Documents Delivery Date, the Initial Escrow Amount and the Second Payment shall be refunded to the Purchaser without interest, and this Agreement shall automatically terminate without further action by any Party.

• Upon such delivery, the Initial Escrow Amount and Second Payment shall become immediately non-refundable and shall be released to the Sellers upon the Escrow Agent notifying the Purchaser of receipt of the Escrowed Documents, except in the event that Completion does not occur due solely to the Sale Shares not being free from Encumbrances in breach of Clause 4.1(b), in which case the Sellers shall refund the Initial Escrow Amount and the Second Payment to the Purchaser without interest.

• For the avoidance of doubt, if the Sellers have delivered the Escrowed Documents in accordance with Clause 3.5, the Initial Escrow Amount and the Second Payment shall remain non-refundable notwithstanding such termination, except in the event of termination under Clause 15.1(b) or 15.1(c).

More Definitions of Second Payment

Second Payment has the meaning set forth in Clause 3.2.2;

Second Payment means a TV licence payment paid in respect of a TV licence whose TV licence period overlaps (in whole or in part) with A.

Second Payment has the meaning set forth in Section 5.1(b).

Second Payment means $75,000,000, which shall be paid by the Purchasers on the Second Purchaser Payment Date in accordance with ‎Section 2.03(a)(ii).

Second Payment means the sum of three hundred thousand pounds (£300,000.00) exclusive of any VAT payable on such amount.

Second Payment means the payment due on or before October 17th, 2005 as described in Section 5 below.

Second Payment means an amount equal to the greater of (a) the IRR Calculated Price (as defined below) and (b) the MOIC Calculated Price (as defined below). The Second Payment is exclusive of VAT. To the extent VAT is chargeable on the Second Purchase, Bridger shall pay any applicable VAT to Owner or directly to the relevant tax authority, as applicable.