Third Payment Date definition

Third Payment Date as defined in Section 2.6 (b).
Third Payment Date has the meaning set forth in Section 2.2(a)(iii).
Third Payment Date means, subject to the provisions of Article 3 of this Agreement, the date on which the Third Payment is made by Parent, which shall be within ten (10) Business Days following the determination of the Earnout Amount in accordance with Article 3.

Examples of Third Payment Date in a sentence

  • Relevant Founders’ Consideration: (a) as to RMB17.5 million (equivalent to approximately HK$20,833,000) shall be paid to the Founders (or collectively to their order) subsequent to the signing of the Consultancy Services Agreements (as defined below) and in any event no later than the Third Payment Date.

  • An additional third purchase price (the Third Purchase Price), if any, shall amount up to USD 5 (five) million and shall be paid at the Third Payment Date in accordance with the calculation principles, the allocation schedule and the payment terms and conditions outlined in EXHIBIT 2.3. The Parties explicitly agree and confirm that the claim for the Third Purchase Price shall become existent (entstehen) not prior to the Third Payment Date.

  • On the Third Payment Date Purchaser shall deposit, or shall cause to be deposited, with the Escrow Agent the Indemnity Escrow Amount, which shall be held in a separate account under the Escrow Agreement (the “Indemnity Escrow Account”) and shall be managed and paid out in accordance with this Agreement and the Escrow Agreement.

  • DYN shall use the proceeds from such sale or project financing, less related fees and expenses, to satisfy its obligations under Section 2.19.2. Notwithstanding the foregoing, if DYN does not enter into a definitive agreement relating to the sale of ICC on or prior to the Third Payment Date, DYN shall use its commercially reasonable efforts to pursue a project financing of ICC and shall use the proceeds of such project financing, less related fees and expenses, to fund the Purchase Price.

  • Notwithstanding the foregoing, if the Additional Consideration Liability Amount has not been settled prior to the Third Payment Date in accordance with Section 6.13, then the Maximum Amount shall automatically be set-off against the Third Payment Amount without regard to the Deferred Consideration Set-Off Limitations set forth in clause (A) of the immediately preceding sentence (but subject to the Deferred Consideration Set-Off Limitations set forth in clause (B) of the immediately preceding sentence).


More Definitions of Third Payment Date

Third Payment Date means September 30, 2022.
Third Payment Date shall have the meaning set forth in Section 1.4.2. “VPS” shall have the meaning set forth in Section 1.1. “Warrants” shall have the meaning set forth in Section 2.1.1. [SIGNATURE PAGE FOLLOWS]
Third Payment Date means a date chosen by the Administrator to be no earlier than the first business day immediately following the end of the Third Performance Period and no later than sixty (60) days after the end of the Third Performance Period.
Third Payment Date has the meaning set forth in clause (iii) of Subsection 1.2(a) of this Agreement.
Third Payment Date means the twenty-first Business Day following the agreement of the Total Trading Return in respect of the Second Period with the external actuaries (as referred to in paragraph 1.6 of schedule 3 to the First Pool Members Agreement) or such later date as may be agreed pursuant to the Original SPA; Total Trading Return shall mean, in respect of either of the First or Second Period, the total trading return as such term is defined in paragraph 1.5 of schedule 3 to the First Pool Members Agreement and in respect of the Third Period, the total trading return as such term is defined in paragraph 3.2 of schedule 3 to the Second Pool Members Agreement;
Third Payment Date means the date that is 18 months following the Closing Date.
Third Payment Date means the first anniversary of the Effective Date of this Agreement.