EquityBase Payment Clause Samples
The EquityBase Payment clause defines the obligation for a party to make a specified payment based on an equity-related calculation or benchmark. Typically, this clause outlines how the payment amount is determined, such as referencing a percentage of ownership, share value, or another equity metric, and sets forth the timing and method of payment. Its core practical function is to ensure that payments tied to equity interests are clearly calculated and delivered, thereby providing transparency and predictability in financial arrangements involving equity.
EquityBase Payment. In consideration for the Company offering occupancy of the Residence to EBI and permitting EBI to purchase shares (“Shares”) of Common Stock, as described in Section 5(c) below, EBI will make a monthly EquityBase Payment (each an “EquityBase Payment”) to the Company in the amount equal to then applicable EquityBase Payment Amount.