Growth Premium Sample Clauses

Growth Premium. Acquiror will pay Shareholders $3,000 for each New Meter connected after the Closing Date until the date on which the Growth Premium equals $32,500,000. As security for Acquiror’s obligation to pay the Growth Premium, Acquiror will post either a third party revolving guarantee in the amount of $6,000,000 from an entity the Shareholders approve prior to Closing or a irrevocable letter of credit in the amount of $6,000,000 from the Acquiror’s primary bank. The security will remain in place until such time as the Growth Premium obligation is extinguished.
AutoNDA by SimpleDocs
Growth Premium 

Related to Growth Premium

  • Payment of Premium Increases (a) As used herein, the term "

  • Prepayment Premium Borrower will be required to pay a prepayment premium in connection with certain prepayments of the Indebtedness, including a payment made after Lender’s exercise of any right of acceleration of the Indebtedness, as provided in the Note.

  • REINSURANCE PREMIUM A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Make-Whole Premium The Make-Whole Premium when due pursuant to the terms of Section 2.1.2(d); and

  • Growth Capital Advances Subject to Section 2.5(b), the principal amount outstanding under the Growth Capital Advances shall accrue interest at a floating per annum rate equal to the greater of (i) three quarters of one percentage point (0.75%) above the Prime Rate, or (ii) five and one half percentage points (5.50%), which interest shall, in each case, be payable monthly in accordance with Section 2.5(d) below.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • Final Payment The Final Payment, when due hereunder, to be shared between the Lenders in accordance with their respective Pro Rata Shares;

  • Premium Recapture With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first 90 days following the related Closing Date, and with respect to any Mortgage Loan that is repurchased pursuant to Subsection 9.04, the Seller shall pay the Purchaser, within 30 calendar days after giving notice of such prepayment in full or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

Time is Money Join Law Insider Premium to draft better contracts faster.