Contingent Additional Payment Sample Clauses
Contingent Additional Payment. (1) In the event that: (i) Hershey Canada enters a plea of guilty to having participated in any agreement or arrangement in Canada contrary to the Competition Act in respect of the matters and time period alleged in the Canadian Proceedings; and, (ii) in connection with that plea, Hershey Canada agrees or admits that any such agreement or arrangement affected a volume of sales of Chocolate Products by Hershey Canada in excess of CAD$204 million, then Hershey Canada shall pay to the Escrow Agent an amount equivalent to 2.6% of the amount by which the agreed or admitted affected volume of sales of Chocolate Products by Hershey Canada exceeded CAD$204 million.
(2) In the event that: (i) Hershey Canada enters a plea of guilty to having participated in any agreement or arrangement in Canada contrary to the Competition Act in respect of the matters and time period alleged in the Canadian Proceedings; and, (ii) in connection with that plea, Hershey Canada does not agree or admit that any such agreement or arrangement affected a volume of sales of Chocolate Products by Hershey Canada in excess of CAD$204 million, but Hershey Canada does agree or admit that any such agreement or arrangement affected a volume of sales of Chocolate Products by Hershey Canada for a period of time that is greater than twenty-four (24) months, then Hershey Canada shall pay to the Escrow Agent an amount equivalent to 2.6% of the volume of Hershey Canada’s sales of Chocolate Products during that number of months by which the agreed or admitted period of affected sales of Chocolate Products by Hershey Canada exceeded twenty-four (24) months.
Contingent Additional Payment. If the cumulative aggregate total of the accounts payable assumed by UCI of SC as more fully described in Section 3.1.2 hereof is less than Twenty-Five Thousand ($25,000.00) Dollars, UCI of SC shall pay to Seller at Closing the sum of cash equal to the difference between Twenty-Five Thousand Dollars and the cumulative aggregate total of the accounts payable which UCI of SC has assumed in Section 3.1.2 above.