Amount of Deferred Purchase Price Sample Clauses

Amount of Deferred Purchase Price. Subject to the terms and conditions below, Buyer must pay an additional purchase price to the Stockholders (the "Deferred Purchase Price"). Buyer will pay the Deferred Purchase Price to the Stockholders on a pro rata basis, based on the respective number of shares of Stock they each sold to Buyer at Closing. The Deferred Purchase Price is equal to an aggregate of $3,750,000. Buyer must pay the First Part of the Deferred Purchase Price (as defined below) if, at any time within 30 months after the Closing Date, the Internally Generated MRR (as defined below) exceeds the MRR specified in the Closing Statement (the "Closing MRR") by the amount of at least $75,000 (the "First Target Increase"). If the First Target Increase is achieved only in part within the 30 month period, the First Part of the Deferred Purchase Price will be pro-rated, by multiplying the First Part of the Deferred Purchase Price by a fraction, the numerator of which is the increase in the Internally Generated MRR above the Closing MRR and the denominator of which is $75,000. Buyer must pay the Second Part of the Deferred Purchase Price (as defined below) if, at any time within the 30 months after the Closing Date, the Internally Generated MRR exceeds the First Target Increase by at least $37,500 (such additional increase, the "Second Target Increase"). If the Second Target Increase is achieved only in part within the 30-month period, the Second Part of Deferred Purchase Price will be prorated by multiplying the Second Part of the Deferred Purchase Price by a fraction, the numerator of which is the incremental increase in the Internally Generated MRR above the First Target Increase and the denominator of which is $37,500. The First Part of the Deferred Purchase Price means an amount equal to the First Target Increase times 40. The Second Part of the Deferred Purchase Price means an amount equal to the Second Target Increase times 20. The Deferred Purchase Price shall be paid in Common Stock within 10 days after the Internally Generated MRR increases by at least the First Target Increase, and within 10 days after the Internally Generated MRR increases by at least the Second Target Increase. If any such level is achieved in part only, the applicable portion shall be paid no later than 10 days after each of the first two annual anniversaries of Closing, as earned, and the balance, if any, within 10 days after the end of the 30-month period from Closing. The Common Stock to be issued in payment o...
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Related to Amount of Deferred Purchase Price

  • Deferred Purchase Price On each Business Day on and after the Final Payout Date, the Servicer, on behalf of the Agent, shall pay to the SPV an amount equal to the Collections of Receivables received by the SPV less the accrued and unpaid Servicing Fee (and the SPV (or the Servicer on its behalf) shall apply such Collections in the manner described in Section 2.14).

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • Aggregate Purchase Price The aggregate purchase price for the Notes (the “Aggregate Purchase Price”) shall equal the result of (x) divided by (y), where (x) equals the Aggregate Principal Amount and (y) equals 1.25. Each date upon which a Closing occurs is a “Closing Date”.

  • Amount of Purchase Price The purchase price (“Purchase Price”) per Share for each Share which Optionee is entitled to purchase under the Options shall be $2.25 per Share.

  • Purchase Price Payment Purchaser shall deliver to SAFEDOX the sum of $5,000 in payment of the 16,667 shares of Common Stock purchased by Purchaser hereunder, a per share price of $.30, which payment shall be delivered as provided in paragraphs VI and VII hereinbelow.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Purchase Price Payments 23 Section 10.02. THE PURCHASER NOTE.........................................................................23 ARTICLE XI Confidentiality.......................................................................................24 ARTICLE XII Term.................................................................................................25

  • Adjustment to Purchase Price (a) Subject to Section 3.3(b), at the Closing, the Purchase Price shall be adjusted, without duplication, to account for the items set forth in this Section 3.3(a):

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

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