Completion Payment Clause Examples

Completion Payment. At Completion, Purchaser shall pay, or cause to be paid, an amount equal to the Aggregate Initial Purchase Price, with each Seller entitled to receive a portion of the Aggregate Initial Purchase Price equal to the amount set forth opposite such Seller’s name in Schedule 1 (the aggregate of all such payments to Sellers, the “Completion Payment”). The Completion Payment shall be made by Purchaser to the Paying Agent Account by electronic transfer of immediately available funds with respect to the Aggregate Initial Purchase Price. The Paying Agent is hereby irrevocably authorized to receive the payment to be made pursuant to this Section 2.2 and payment thereof to the Paying Agent Account shall be a good and full discharge of Purchaser’s obligation to pay the portion of the Aggregate Initial Purchase Price pursuant to this Section 2.2 and Purchaser shall not be concerned as to the split of the portion of the Aggregate Initial Purchase Price paid pursuant to this Section 2.2 between the Sellers.

Completion Payment. At Completion, the Purchaser must pay by cash or bank cheque the Completion Payment less the amount of the Deposit paid under clause 5.1 (plus or minus any other net adjustment amount due under this agreement) to the Vendor or as the Vendor or the Vendor’s Solicitor may direct by notice in writing on account of the Purchase Price.

Completion Payment. 4.1 Subject to clause 4.2 and 4.3, on the Completion Date, the Consideration shall be paid to the Sellers in accordance with columns 5 and 6 of Part 1 of Schedule 1 by the payment of cash by OPKO Irl and/or the issue and allotment of OPKO Consideration Shares by OPKO Inc credited as fully paid (the “Completion Payment”). 4.2 At Completion, the Escrow Amount shall be paid to the Escrow Account in the form of the Escrow Consideration Shares and in accordance with clause 9.2. 4.3 The number of OPKO Consideration Shares to be issued and allotted to a Seller pursuant to clause 4.1 shall be that number of OPKO Common Stock having an aggregate value equal to such Seller’s Elected Share Consideration Amount , and shall be calculated by dividing such Seller’s Elected Share Consideration Amount by the Average Common Stock Trading Price.

Completion Payment. Subject to the terms and conditions set forth herein, you will receive a Completion Payment in the amount of $2,325,000 (the “Completion Payment”), (with such deductions for tax purposes as may be required pursuant to Section 5 hereof), subject to the Company’s receipt of your countersignature on this Amendment. Except as set forth in the next sentence, you agree that in the event your employment with the Company terminates for any reason (a “Termination”) before the Completion Date, you will be required to repay to the Company within ten (10) days of such termination 100% of the After-Tax Value of the Completion Payment. Notwithstanding the foregoing, in the event the Company terminates your employment for any reason other than Cause or your employment terminates due to your death or Disability, in each case, before the Completion Date (a “Qualifying Termination”) and you execute and do not revoke a customary release of claims in a form reasonably satisfactory to the Company, you will not be required to repay to the Company any portion of the Completion Payment.

Completion Payment. Subject to the conditions set out in this clause, an Employee may qualify for the payment of the completion payment of $20.00 per day. To qualify for the completion payment, an Employee must be ready, willing and available to work as directed for those hours that they are normally required to work by the Company, including, in case of Employees who are not engaged on shift work, regular rostered overtime. (i) Completion payment shall accrue during the Employee’s employment on the Project and is payable when the Employee terminates or is terminated from the Project. (ii) Completion payment accrues during any day an Employee is: (a) carrying out normal work; (b) on paid leave; (c) on rostered days off; (d) on workers’ compensation for a maximum of two weeks. (iii) Completion payment does not accrue for the day during any period of: (a) unpaid leave; (b) unauthorised leave; (c) other unauthorised absence. (iv) An Employee forfeits completion payment that may accrue in any day in which the Employee engages in any form of industrial action.

Completion Payment. STB shall pay NTS an additional sum of up to One Million Five Hundred Thousand Dollars and No Cents ($1,500,000.00) (the "Completion Payment") in accordance with Sections 3 and 5 of this Agreement within five (5) Business Days of NTS' satisfaction in all respects of the Completion Payment Conditions.

Completion Payment. 3.2.1 On Completion, the Purchaser shall pay to the Notary Account the sum of: (a) the Base Purchase Price minus the Leakage Amount; plus (b) the Shareholder Loans Nominal Value, (the “Completion Amount”). 3.2.2 The payment referred to in Clause 3.2.1 shall be made without any set-off or counterclaim and in addition will be free and clear of, and without any deduction of withholding for or on account of, any tax or other deductions of any nature.

Completion Payment. The Estimated NAV less an amount equal to the Deposit and any accrued interest thereon as at the Completion Date (the “Completion Payment”) is payable by the Buyer to the Seller at Completion on account of the Consideration.

Completion Payment. Notwithstanding anything in the Collaboration Agreement or U.S. Amendment to the contrary, the Parties agree that at least thirty (30) days prior to January 1, 2014 (the “U.S. Completion Date”), WC shall pay S-A a definitive lump-sum equal to one hundred twenty-five million U.S. dollars (US$125,000,000), in consideration for WC’s full satisfaction of its obligations with respect to the global reimbursement payment as it relates to Net Outside Sales of the Product in the WC Exclusive Territory for Contract Year 2014 (the “U.S. Completion Payment”). As a result of the foregoing, Schedule 11(B) of the Collaboration Agreement is of no force or effect with respect to the WC Exclusive Territory with regard to Contract Year 2014.