Seller Payment definition

Seller Payment is defined in Section 2.6.1.

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Seller Payment means, for any Applicable Year, an amount equal to the Shortfall for such Applicable Year multiplied by $350.

Seller Payment has the meaning set forth in Section 2.7(e).

Examples of Seller Payment in a sentence

Therefore the Buyer shall timely pay, within the term provided under Section 5.2 hereof, the difference in amount, if any, between the Second Consideration and the Seller Payment Amounts.
Setup Fee: Seller to pay all Buyer to pay all Seller/Buyer to split equally Other Addendum for Reserves attached or, Passthrough to Seller Payment Service Fees: Seller to pay all Buyer to pay all Seller/Buyer to split equally Other Paper payment receipts (email no charge) to Buyer Paper payment notices (email no charge) to Seller Other: Unless otherwise specified above, all miscellaneous fees shall be assessed to the party responsible for incurring same.
No Stockholder shall be entitled to any portion of the Merger Consideration pursuant to Section 2.8 or any Other Seller Payment until such holder delivers a duly executed Letter of Transmittal and surrenders such holder’s Stock Certificate or Stock Certificates or delivers a Lost Certificate Affidavit as provided in this Section 3.2.
If Issuer elects for Seller to settle an Seller Payment Amount in Shares or Alternative Delivery Property, then on the date such Seller Payment Amount is due, a Settlement Balance shall be established with an initial balance equal to the Seller Payment Amount.
In addition, no later than ninety (90) days after delivery of the Earn-Out Statement for the final Calculation Period, Buyer shall deliver to Seller a statement setting forth any MSR Value Adjustment to the Net Seller Payment for the final Calculation Period based on actual gain-on-sale of the MSRs included in the Pre-Tax Profit for such Calculation Period.

More Definitions of Seller Payment

Seller Payment has the meaning set forth in Section 7.05(a).

Seller Payment means $74,500,000 plus the First ESOP Supplement, plus the Second ESOP Supplement.

Seller Payment means any amount payable by any of the Sellers (or any of their connected persons) to the Buyer or any other members of the Buyer’s Group under or in connection with any of the Transaction Documents except in connection with a Relevant Claim;

Seller Payment is defined in Section 30(a).

Seller Payment has the meaning given in clause 10.17(a);

Seller Payment is defined in Section 2.3(b)(ii).

Seller Payment shall have the meaning set forth in Section 3.2.