Earnout Defined Sample Clauses

Earnout Defined. For purposes of this Section 2(b)(ii), “Earnout” shall mean a lump sum cash payment equal to the product of the Earnout Percentage multiplied by Net Sales of the Successor Business during each calendar quarterly period within the Earnout Period, reduced by the Consortium Net Profits; provided, however, that in no event shall the aggregate of any or all such cash payments exceed Fifteen Million Dollars ($15,000,000).
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Related to Earnout Defined

  • Rent Defined All monetary obligations of Lessee to Lessor under the terms of this Lease are deemed to be rent.

  • Tax Definitions The following terms, as used herein, have the following meanings:

  • Amended Definitions The following definitions in Section 1.01 of the Credit Agreement shall be and they hereby are amended and restated in their respective entireties to read as follows:

  • New Definitions The following definitions are hereby added to Section 1.1 of the Credit Agreement in the appropriate alphabetical order:

  • New Defined Terms The following defined terms are hereby added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

  • Financial definitions In this Agreement:

  • Amended Definition The following definition in Section 1.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:

  • ARTICLE I DEFINITIONS 1 SECTION 1.01.

  • Default Defined Default for the purpose of this Agreement shall mean any failure by Seller or Purchaser to fulfill all the terms, conditions and covenants contained herein, however, it shall not be an event of default for either party to exercise its rights to terminate this contract as contained in other provisions herein.

  • Additional Defined Terms As used herein, the following defined terms shall have the following meanings with respect to the Notes only:

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