Examples of Year 3 Payment Date in a sentence
If a Settling State enacts a Bar less than sixty (60) calendar days before the Payment Date for Payment Year 3, each Settling Distributor shall pay, within thirty (30) calendar days of the Payment Year 3 Payment Date, its allocable share, pursuant to Section IV.I, of the difference between the Annual Payment as calculated by the Settlement Fund Administrator and the amount that would have been owed had the Settlement Fund Administrator taken the Bar into account.
If Texas enacts a Bar less than sixty (60) calendar days before the Payment Date for Payment Year 3, Settling Distributors shall pay, within thirty (30) calendar days of the Payment Year 3 Payment Date, the difference between the Annual Payment as calculated by the Texas Qualified Settlement Fund Administrator and the amount that would have been owed had the Texas Qualified Settlement Fund Administrator taken the Bar into account.
If the State of Rhode Island enacts a Bar less than sixty (60) calendar days before the Payment Date for Payment Year 3, the Settling Distributors shall pay, within thirty (30) calendar days of the Payment Year 3 Payment Date, the difference between the Annual Payment as calculated by the Rhode Island Qualified Settlement Fund Administrator and the amount that would have been owed had the Rhode Island Qualified Settlement Fund Administrator taken the Bar into account.
If the State of Ohio enacts a Bar less than sixty (60) calendar days before the Payment Date for Payment Year 3, Settling Distributors shall pay, within thirty (30) calendar days of the Payment Year 3 Payment Date, the difference between the Annual Payment as calculated by the Ohio Qualified Settlement Fund Administrator and the amount that would have been owed had the Ohio Qualified Settlement Fund Administrator taken the Bar into account.
The Year 1 Payment Date, the Year 2 Payment Date, the Year 3 Payment Date or the Early Sale Payment Date (as the case may be) shall be, in the case of paragraph 4.3(a) above, the date the Seller or the Seller’s Accountants notifies the Buyer that no adjustments need to be made or, in the case of paragraph 4.3(b), the last day of the Review Period and, in the case of paragraph 4.4(a) above, the date of written agreement, of the adjusted Consideration Accounts and/or EBITDA.
Subject to Section 2.02(c), (d) and (f), each issued and outstanding Class B Unit shall be converted into the right to receive (i) on or after the Effective Time, $26.25 in cash and (ii) on the Year 3 Payment Date, (x) $39.375 in cash, (y) .95943 shares of Class A common stock of Parent, par value $0.01 per share (“Parent Stock”), and (z) an additional number of shares of Parent Stock equal to the sum of the Dividend Equivalent Shares.