Subsequent Closing Payment Amount definition

Subsequent Closing Payment Amount means an amount (payable in the form or forms of consideration set forth in Section 2.9 hereof) equal to three million dollars ($3,000,000), subject to adjustment pursuant to the terms of this Agreement.
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Examples of Subsequent Closing Payment Amount in a sentence

  • Subject to the provisions of Article 3 hereof, Parent shall make a payment equal to the Subsequent Closing Payment Amount upon the first business day following the six month anniversary of the Closing Date.

  • In the event that Parent elects to pay all or any portion of the Subsequent Closing Payment Amount through the issuance of shares of Parent Common Stock, then Parent, in its sole discretion, shall be entitled to restrict any such issuance of Parent Common Stock to only those Participating Rights Holders that are “accredited investors” as defined in Rule 501 under the Securities Act, and the next 35 Participating Rights Holders based on size of holding as per Schedule 4.4 of the Company Disclosure Schedule.

  • In the event that all or any portion of the Subsequent Closing Payment Amount is paid in the form of shares of Parent Common Stock, no certificates or scrip representing fractional shares of Parent Common Stock shall be issued.

  • The Subsequent Closing Payment Amount shall be payable to the Participating Rights Holders in the respective amounts set forth on the Merger Consideration Certificate as being payable to each Participating Rights Holder in respect of the Subsequent Closing Payment Amount.

  • The right of Parent to pay all or any portion of the Subsequent Closing Payment Amount through the issuance of shares of Parent Common Stock shall, upon the date such shares are issued to the Participating Rights Holders, be subject to Parent having caused such shares to be listed on each securities exchange on which similar securities, including as to class and series, issued by Parent are then listed.

Related to Subsequent Closing Payment Amount

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Expected Final Payment Date means, with respect to each Series or, if applicable, each Class of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Series or Class in accordance with the Expected Amortization Schedule, as specified in the Series Supplement therefor.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.60% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Initial Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Initial Closing Price means the RI Closing Value of a Reference Item on the Strike Date

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Fundamental Change Purchase Price has the meaning specified in Section 5.01(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.