Anniversary Payments. As additional consideration for the waiver of the Revenue Receipt Rights, on each of the first three anniversaries hereof, Galileo shall pay to SAirGroup (or to one of its Affiliates, at SAirGroup's election) the sum of US$6,600,000 (collectively, the "Anniversary Payments").
Anniversary Payments. Within 30 days of the first and second anniversary of the signing of this Agreement, B.C. will pay CSTC, on behalf of the CSFNs, $1,350,000 to support the purposes listed in section 6.1.
Anniversary Payments. Upon each of the [***] and [***] anniversaries of the Effective Date, Calico shall pay C4T [***].
Anniversary Payments. (A) Within the seventy-five (75)-day period following the First Anniversary Date, Federated shall pay any First Anniversary Payment owing to Parent.
(B) Within the seventy-five (75)-day period following the Second Anniversary Date, Federated shall pay any Second Anniversary Payment owing to Parent.
(C) Within the seventy-five (75)-day period following the Third Anniversary Date, Federated shall pay any Third Anniversary Payment owing to Parent.
(D) Within the seventy-five (75)-day period following the Fourth Anniversary Date, Federated shall pay any Fourth Anniversary Payment owing to Parent.
(E) Within the seventy-five (75)-day period following the Fifth Anniversary Date, Federated shall pay any Fifth Anniversary Payment owing to Parent.
(F) Within the seventy-five (75)-period following the Stub Period One End Date, Federated shall pay any Stub Period One Payment owing to Parent.
(G) Within the seventy-five (75)-period following the Stub Period Two End Date, Federated shall pay any Stub Period Two Payment owing to Parent.
Anniversary Payments. (a) As soon as reasonably possible after the date of this Agreement, and, in any event, prior to the First Closing Date, the Parties shall work together in good faith to agree upon the methodology for determining the Anniversary Payments (e.g., calculating Net Revenue
5.2(a) prior to the First Closing Date.
(b) Within forty-five (45) days after each applicable Anniversary Date and the Stub Period End Date (as applicable), Federated shall prepare in good faith and deliver to the Seller Parties a statement of any Anniversary Payment to be paid by Federated, together with reasonable supporting calculations and documentation (including Net Revenue calculations).
(c) After delivering any statement pursuant to Section 2.5.2(b) above, Federated shall give the Seller Parties, and their representatives, reasonable access to Federated’s accounting books, records and personnel to enable the Seller Parties to review each such statement.
(d) After receiving any statement pursuant to Section 2.5.2(b) above, the Seller Parties shall, as soon as practicable but not later than thirty (30) days after receiving such statement, notify Federated of any dispute with respect to the calculation of Net Revenue or the corresponding Anniversary Payment specifying the dispute in reasonable detail. If Parent does not notify Federated of a dispute within such thirty (30)-day period, or if Parent notifies Federated that it agrees with Federated’s statement and calculations, then Federated’s statement and calculations as delivered to Parent shall be final and binding. If Parent disputes any statement, the Parties shall work together in good faith to resolve any such dispute promptly.
(e) If any dispute is not resolved by the applicable Payment Date:
(i) Federated shall pay any undisputed portion of any Anniversary Payment on the applicable Payment Date and shall remit any remaining portion later in accordance with the mutual agreement of the Parties or the determination made by the Firm promptly (and, in any event, no later than ten (10) days) after the Parties mutually resolve the dispute or the delivery to the Parties of the Firm’s written report, as applicable.
(ii) The Parties shall follow the procedures set forth in Section 2.5.1(f)(ii) with respect to resolving any dispute over the amounts set forth in the statement(s) prepared in accordance with Section 2.5.2(b).
(f) Parent and Subadviser acknowledge and agree that no guarantees can be made or given regarding the level of Net Reve...
Anniversary Payments. On each of the first four (4) anniversary dates of the Measurement Date (the “Anniversary Dates”), upon full satisfaction of the conditions set forth in this Agreement and subject to the minimum percentage set forth below, Multi-Financial shall make a payment to Legacy in the amount of the percentage set forth below of the aggregate GDC earned at Multi-Financial by those Transferred Representatives for the one year period then ended on the Anniversary Date who are, as of that applicable Anniversary Date, registered with Multi-Financial completely and in good order with the NASD and in all jurisdictions in which that Transferred Representative intends on doing business (the “Anniversary Payments”). The percentage of GDC for calculation of each Anniversary Payment is as follows: Amount of Aggregate GDC earned by the Transferred Representatives for the one year period ended on the applicable Anniversary Date Anniversary Payment as a Percentage of actual aggregate GDC less than $10mm $10mm to $12mm above $12mm 0% 3% 4.5%
Anniversary Payments. Each of the Anniversary Payments, increased as necessary to reflect inflation, shall be computed as follows:
a. The latest value of the CPI-U reported or otherwise available on or before the thirtieth (30th) calendar day before each Closing Anniversary Date will be the Anniversary CPI-U (CPI closing + 1 through CPI closing + 9).
b. The Anniversary Payment on each Closing Anniversary Date, increased as necessary to reflect inflation, shall be the product of $1,000,000 times the ratio of CPI closing + x to CPI initial (where x is the number of the respective anniversary), i.e., Anniversary Payment = $1,000,000 x (CPIclosing + x /CPIinitial).
c. Notwithstanding the foregoing, if the value of the ratio of CPI closing + x to CPI initial is less than one, the Anniversary Payment shall be $1,000,000.
Anniversary Payments. As additional consideration for the waiver of the Revenue Receipt Rights, on each of the first three anniversaries hereof, Galileo shall pay to KLM the sum of US$4,000,000 (collectively, the "Anniversary Payments").
Anniversary Payments. On each of the first four (4) anniversary dates of the Measurement Date (the “Anniversary Dates”), upon full satisfaction of the conditions set forth in this Agreement and subject to the minimum percentage set forth below, Multi-Financial shall make a payment to Legacy in the amount of the percentage set forth below of the aggregate GDC earned at Multi-Financial by those Transferred Representatives for the one year period then ended on the Anniversary Date who are, as of that applicable Anniversary Date, registered with Multi-Financial completely and in good order with the NASD and in all jurisdictions in which that Transferred Representative intends on doing business (the “Anniversary Payments”). The percentage of GDC for calculation of each Anniversary Payment is as follows:
Anniversary Payments. Executive shall be entitled to receive an Anniversary Bonus (as defined below) on each of July 31, 2020, July 31, 2021 and July 31, 2022, subject to the condition that Executive remains continuously employed as Chief Executive Officer of the Company through the date of such scheduled payment. Each Anniversary Bonus payable pursuant to the preceding sentence shall be paid to Executive in a single lump sum cash payment within two (2) business days following the applicable anniversary date. An “Anniversary Bonus” means an amount equal to four million dollars ($4,000,000) subject to any required withholdings under the Payroll Policies.”
