Early Payment Right. Each Partner shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to all, but not less than all, of the Units held (or previously held and Exchanged) by such Partner upon notice in writing to the Corporation. Within 30 calendar days of a Partner notifying the Corporation in writing of its exercise the Early Payment Right, the Corporation shall provide such Partner with the information required by Section 4.02 of this Agreement as if the Corporation had exercised its termination right under Section 4.01 of this Agreement, including, without limitation, an Early Termination Schedule containing the Early Termination Payment with respect to such Partner. The Early Termination Schedule shall become final and binding on all parties unless the Partner, within 30 calendar days after receiving the Early Termination Schedule, provides the Corporation with a Material Objection Notice. If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within 30 calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Partner shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement. Within three calendar days after agreement between the Partner and the Corporation of the Early Termination Schedule, the Corporation shall make the Early Termination Payment to such Partner on the terms and within the time period required by Section 4.03 of this Agreement.
Early Payment Right. On or after the fifteenth anniversary of the IPO, each TRA Party shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to such TRA Party by providing written notice to the Company (the “Early Payment Right Notice”). If a TRA Party elects to exercise its Early Payment Right, then all obligations hereunder with respect to such TRA Party shall be accelerated (subject to Section 3.01(a)(ii) above) and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of delivery of the Early Payment Right Notice and shall include, but not be limited to, the TRA Party’s Applicable Percentage multiplied by the sum of (i) the Early Termination Payment calculated as if an Early Termination Notice had been delivered on the date of receipt of the Early Payment Right Notice; (ii) any Tax Benefit Payment agreed to by the Company and the TRA Party Representative as due and payable but unpaid as of such date; and (iii) any Tax Benefit Payment due for the Taxable Year ending prior to, with or including such date (except to the extent that such amount is included in the Early Termination Payment).
Early Payment Right. On or after the fourth anniversary of the IPO (the “Early Termination Date”), each Member shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to all, but not less than all, of the Units held (or previously held and Exchanged), directly or indirectly, by such Member upon notice in writing to the Corporation. Within thirty (30) Business Days of a Member notifying the Corporation in writing of its exercise of the Early Payment Right, the Corporation shall provide such Member with the information required by Section 4.2 of this Agreement as if the Corporation had exercised its termination right under Section 4.1 of this Agreement, including, without limitation, an Early Termination Schedule containing the Early Termination Payment with respect to such Member. For purposes of this Section 4.4, the Early Termination Rate shall equal the greater of (i) LIBOR plus 500 basis points or (ii) the highest rate of interest on any indebtedness for borrowed money of the Corporation and its Subsidiaries. The Early Termination Schedule shall become final and binding on all parties unless the Member, within thirty (30) calendar days after receiving the Early Termination Schedule, provides the Corporation with a Termination Objection Notice. If the Parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporation of the Termination Objection Notice, the Corporation and the Member shall employ the Reconciliation Procedures. Within three (3) Business Days after agreement between the Member and the Corporation of the Early Termination Schedule, the Corporation shall make the Early Termination Payment to such Member on the terms required by Section 4.3 of this Agreement. Notwithstanding the foregoing, the obligation of the Corporation to make the Early Termination Payment may be deferred, in part, by paying such amount in five (5) equal annual installments, commencing on the Early Termination Date with the first such annual payment due on the otherwise applicable date under this Section 4.4 had this deferral right not been exercised, and as adjusted to reflect the time value of money for the four subsequent annual payments, where such adjustment shall be based on an assumed rate of return equal to the lowest rate of interest which the Corporation determines, in its reasonable judgment, would be available to it if it were to borrow, on an unsecured bas...
Early Payment Right. On or after the fifteenth anniversary of the date hereof, each TRA Party shall have the right (the “Early Payment Right”) to terminate this Agreement with respect to such TRA Party by providing written notice to the Company (the “Early Payment Right Notice”). If a TRA Party elects to exercise its Early Payment Right, then all obligations hereunder with respect to such TRA Party shall be accelerated (subject to Section 3.1(a)(ii)) and such obligations shall be calculated as if an Early Termination Notice had been delivered on the date of delivery of the Early Payment Right Notice.
