Common use of Apportionment of Tranche 1 Consideration and Tranche 2 Consideration Clause in Contracts

Apportionment of Tranche 1 Consideration and Tranche 2 Consideration. All amounts paid to the Sellers under this Agreement (including both the Tranche 1 Consideration and the Tranche 2 Consideration) shall be apportioned between the Sellers on a pro-rata basis relative to each Sellers’ percentage ownership of Equity Interest prior to Closing as set out in Schedule 2 and shall only be payable upon receipt of each Seller’s banking details by the Purchaser.

Appears in 2 contracts

Samples: Stock Purchase Agreement (CDC Software CORP), Stock Purchase Agreement (CDC Corp)

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Apportionment of Tranche 1 Consideration and Tranche 2 Consideration. All amounts paid to the Sellers under this Agreement (including both the Tranche 1 Consideration and the Tranche 2 Consideration) shall be apportioned between the Sellers on a in accordance with the Schedule 1 attached hereto, which each Seller acknowledges and agrees represents the final pro-rata basis relative portion of the Total Consideration payable to each Sellers’ percentage ownership of Equity Interest prior such Seller pursuant to Closing as set out in Schedule 2 and shall only be payable upon receipt of each Seller’s banking details by the Purchaserterms hereof.

Appears in 2 contracts

Samples: Share Purchase Agreement (CDC Corp), Share Purchase Agreement (CDC Software CORP)

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