Common use of Future Payment Obligations Clause in Contracts

Future Payment Obligations. Any Contract involving the payment by or to the Target Business of more than USD 300,000 in any twelve (12)-month period, and which by its terms does not terminate or is not terminable without penalty by the Target Business upon notice of ninety (90) days or less;

Appears in 2 contracts

Samples: Transaction Agreement (Metlife Inc), Transaction Agreement (Banco Bilbao Vizcaya Argentaria, S.A.)

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Future Payment Obligations. Any Target Contract involving the payment by or to the Target Business Company of more than USD 300,000 $250,000 in any twelve (12)-month twelve-month period, and which by its terms does not terminate or is not terminable without material penalty by the Target Business Company upon notice of ninety (90) days or lessless prior notice;

Appears in 1 contract

Samples: Purchase and Sale Agreement (Vantiv, Inc.)

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Future Payment Obligations. Any Contract involving the payment by or to the such Target Business Company of more than USD 300,000 $1,000,000 in any twelve (12)-month periodtwelve-month period or $3,000,000 in the aggregate, and which by its terms does not terminate or is not terminable without penalty by the such Target Business Company upon notice of ninety (90) 90 days or lessless prior notice;

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ally Financial Inc.)

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