A DRD Gross. Up Payment shall be due and payable on the later of (i) the 90th day after delivery of written notice by the DRD Holder to the Company that the Relevant Time has occurred (including any supporting information reasonably necessary to calculate the DRD Gross-Up Payment) or (ii) the due date of the Company’s federal income tax return for the year of the Distribution, including extensions (such date, the “DRD Gross-Up Payment Due Date”), and failure to make such DRD Gross-Up Payment on the DRD Gross-Up Payment Due Date shall constitute an Event of Default.
Appears in 4 contracts
Samples: Investors Rights Agreement, Investors Rights Agreement (ADT Inc.), Investors Rights Agreement (ADT, Inc.)
