Fourth Payment Sample Clauses

Fourth Payment. Within ten calendar days after the Annual Determination for calendar year 2003 and any adjustments thereto have become binding on the parties as herein provided, if the 2003 PBT is greater than $15.0 million and the 2003 PBT Margin is greater than 10%, a fourth payment of $5.0 million ("IP-4").

Fourth Payment. The remaining 10% of the contract price under the Equipment Supply Agreement shall be paid within 30 business days after the completion of the deployment for delivery of the AI Computing Platform together with the receipt of the special value-added tax invoice from EB Tech.

Fourth Payment. The fourth payment will be distributed in the following priority: (i) Claims Facility administrative costs, (ii) Class Counsel fees, and (iii) subject to Paragraph 1.8, below, Approved Current Claims.

Fourth Payment. 7 GAAP............................................................................................................. 11

Fourth Payment. Thirty-five percent (35%) of the total Licensed Software, Sublicensed Software and professional service fees in the amount of two hundred thirty-four thousand twenty-five dollars and seventy-five cents ($234,025.75) shall be invoiced and payable upon First Productive Use of the 2012.01 code.

Fourth Payment. After receipt and approval of the third interim technical and fiscal reports for the third 6-month period, or after actual expenditures on the project have equaled or exceeded the required expenditure, whichever is later. Required Payment Expenditure Israeli Company: $ 803,457 $ 107,128 U.S. Company: $ 621,542 $ 82,872 However, if at the required time of submission of the third interim technical and fiscal reports, work on the project or expenditures thereon prove to be materially behind plan, in accordance with Annex D and Annex A, respectively, the Foundation will review the project with Proposer and determine a suitable course of action with respect to further payments against the Conditional Grant, if any.

Fourth Payment. Within 60 days of making the third payment as to each Judgment, Digital shall pay F&D an additional 5% of the amount paid by F&D on that Judgment.

Fourth Payment. Within sixty (60) days of determining that the Fourth Revenue Target (as defined below) has been achieved, but in no event earlier than June 30, 2009, Parent shall pay an aggregate of Eight Million Dollars ($8,000,000) to the Company Payees, each Company Payee to receive its Pro Rata Portion of such amount (the “Fourth Payment”). If by October 31, 2009, the Fourth Revenue Target is not achieved by the Company, then on December 31, 2009 the Parent shall pay to the Company Payees, each in its Pro Rata Portion, a reduced portion of the Fourth Payment, equal to the product of (X) the Fourth Payment, multiplied by (Y) a fraction, (1) the numerator of which is the amount of Revenue during the Fourth Measurement Period (as defined below), and (2) the denominator of which is the Fourth Revenue Target (as defined below). Notwithstanding the foregoing, in no event shall the aggregate Non-Contingent Payments, when added to the Contingent Payment paid to the Company Payees pursuant to Section 2.1(b)(ii), exceed Forty Two Million ($42,000,000). The “Fourth Revenue Target” means ***. The “Fourth Measurement Period” means the period from May 1, 2007 through October 31, 2009.

Fourth Payment. By March 15, 2002, Earn-out Shareholders shall receive a fourth payment ("Payment 2001") of DCLK Stock in exchange for the Shares transferred to DoubleClick on Closing Date, based on a valuation of DCS' 2001 revenues (the "Revenue 2001"), which valuation DoubleClick shall establish at the latest on March 1, 2002 (the Valuation 2001"). The Payment 2001 shall equal one-third of Earn-out Shareholder's Proportion of a Valuation 2001 determined by multiplying the Revenue 2001 with a multiple of 4.34.