UPC Payment definition
UPC Payment has the meaning specified therefor in Section ----------- 6.09
Examples of UPC Payment in a sentence
UPC shall assume all liabilities and obligations of chello with respect to the satisfaction and payment of any Phantom Option that is exercised or is otherwise required to be settled at or following the Closing by making a payment in the form of cash or shares of UPC stock, as so elected by UPC in its sole discretion (each, a "UPC Payment").
In the event of any UPC ----------- Payment, the Parties shall take all actions necessary to ensure that UPC be granted, as soon as practicable following the date of such UPC Payment, a number of shares of BH stock with a fair market value equal to such UPC Payment either from the BH Foundation or from newly issued shares of BH.