Specified Holder Payment definition
Specified Holder Payment has the meaning set forth in Section 1.17.
Examples of Specified Holder Payment in a sentence
The allocation of the KERP Earn-Out Payment and the Specified Holder Payment among the persons listed in the Post-Closing Payment Instructions shall be as set forth in the Post-Closing Payment Instructions.
In addition, Parent shall pay up to $3,500,000 (the “Specified Holder Payment”) to the persons designated by the Securityholder Representatives pursuant to the Post-Closing Payment Instructions; provided that the amount of the Specified Holder Payment shall be deducted from amounts that are payable to the Specified Holders and shall not be greater than the amounts that are payable to such Specified Holders.