Examples of Second Payment Date in a sentence
If the Participant ceases to be employed by the Company, CHC or any of their respective affiliates, before the Second Payment Date for any reason other than as set forth in the foregoing sentence, the Participant shall remain entitled to receive the Compensation payable hereunder.
If the Participant ceases to be employed by the Company before the Second Payment Date for any reason other than as set forth in the foregoing sentence, the Participant shall remain entitled to receive the Compensation payable hereunder.
An additional second purchase price (the Second Purchase Price), if any, shall amount up to USD 10 (ten) million and shall be paid at the Second Payment Date in accordance with the calculation principles, the allocation schedule and the payment terms and conditions outlined in EXHIBIT 2.2. The Parties explicitly agree and confirm that the claim for the Second Purchase Price shall become existent (entstehen) not prior to the Second Payment Date.
The scheduled interest payments due on the Notes through and including the Second Payment Date are to be made from (1) amounts held in the Escrow Account in accordance with the procedures set forth herein and (2) if required, other sources of funds available to Depositor; provided, however, that nothing herein shall be construed as limiting Depositor’s obligation to make all interest payments due on the Notes at the times and in the amounts required under the Notes.
On the first anniversary of the First Payment Date (the “Second Payment Date”), the Maker shall pay the Noteholder a principal sum equal to Four Million and 00/100 Dollars ($4,000,000.00), plus accrued interest on the outstanding principal amount of this Note; provided, however, that if on the Second Payment Date, the Threshold is not met with respect to the preceding twelve (12) month period, the Second Payment Date shall be delayed by twelve (12) months.