Third Cash Payment definition

Third Cash Payment means the sum of US$4.3 million;
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Third Cash Payment shall have the meaning set forth in Section 2.2(a).
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Third Cash Payment has the meaning set forth in Section 2.5 of this Agreement.
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Examples of Third Cash Payment in a sentence

  • Subject to the terms and conditions of this Agreement, in the event that the Third Cash Payment Date is a date prior to the Expiration Date, then on the Third Cash Payment Date Parent shall retain and hold back $500,000 (the “Holdback Cash”) from the Third Cash Payment Amount otherwise payable pursuant to Section 5(g).

  • Subject to the terms and conditions of this Agreement, in the event that the Third Cash Payment Date is a date prior to the Expiration Date, then on the Third Cash Payment Date Parent shall retain and hold back $500,000 (the “Holdback Cash”) from the Third Cash Payment otherwise payable pursuant to Section 2.6.

  • The Buyer shall have the right to set off first as against any or all of the Second Cash Payment, the Advance MII Payment, the MII Payment, the New MII Ounces Payment and the Third Cash Payment, any amounts that may be owing by the Seller further to indemnification Claims the Buyer that have against the Seller pursuant to section 9.2, all until the amount of any such Claim has been completely set off.

  • Notwithstanding the foregoing, the Buyer’s obligations not to transfer the Shares or the Properties shall terminate upon: (i) closing on the Termination Closing Date; or (ii) if the Buyer has not exercised the Termination Option, the Buyer has paid the Advance MII Payment, the Second Cash Payment and the Third Cash Payment.

  • On the Third Closing Date, unless the Buyer has exercised the Termination Option, the Buyer shall forward the Third Cash Payment, in cash, by wire transfer, to the Seller.

  • Morrissey.CRS Report RS20906, U.S. Patent and Trademark Office Appropriations Process: A Brief Explanation, by Wendy H.

  • The Secured Note shall provide that the Third Cash Payment shall be contingent on certain events having occurred prior to the second anniversary of the Closing Date, all as described in the Secured Note.

  • The Third Cash Payment shall be further secured pursuant to the terms of the Escrow Agreement, which shall provide that 7.5% of the gross sales of turbines sold by the Company shall be deposited into the escrow account established thereunder and shall be disbursed to the Sellers upon the date that the Third Cash Payment is due.

  • Further, (a) in respect of the Additional Unscheduled Leases, the First Cash Payment, the Second Cash Payment, the Third Cash Payment and the Carried Cost Obligation shall each be increased by the amounts set forth on Schedule I and (b) in respect of the Excluded Leases, the First Cash Payment, the Second Cash Payment, the Third Cash Payment and the Carried Cost Obligation shall each be decreased by the amounts set forth on Schedule I.

  • Until and unless such election is so communicated to Buyer and Parent by all the Sellers, this Agreement shall remain in full force and effect in all other respects and Buyer and Parent shall be obliged to make the First Cash Payment, the Second Cash Payment and the Third Cash Payment at the earliest possible time, subject to all other terms and conditions contained in this Agreement.


More Definitions of Third Cash Payment

Third Cash Payment means the sum of £1,236,502 (as adjusted in accordance with clause 5) LESS a sum equal to the Accelerated Third Cash Payment (if paid to the Sellers in accordance with the provisions of clause 3.2), PROVIDED THAT in no circumstances shall the Sellers be required to repay the Accelerated Third Cash Payment to the Buyer;
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Related to Third Cash Payment

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

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

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Cash and Cash Equivalents means the cash and cash equivalents, including checks, money orders, marketable securities, short-term instruments, negotiable instruments, funds in time and demand deposits or similar accounts on hand, in lock boxes, in financial institutions or elsewhere, together with all accrued but unpaid interest thereon, and all bank, brokerage or other similar accounts.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Interim Payment has the meaning specified in Section 10.1.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Deferred Net Cash Proceeds Payment Date shall have the meaning provided such term in the definition of Net Cash Proceeds.

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