Common use of No Negative Payments Clause in Contracts

No Negative Payments. In the event that the calculation of FAP, SAP, TAP, FOAP, FIAP or LAP, as the case may be, results in an amount which is less than zero, such Purchase Price component shall be deemed to be zero.

Appears in 2 contracts

Samples: Limited Partnership Unit Purchase Agreement (MDC Partners Inc), Limited Partnership Unit Purchase Agreement (MDC Partners Inc)

AutoNDA by SimpleDocs

No Negative Payments. In the event that the calculation of FIP, FAP, SAPFIIP, TAP, FOAP, FIAP SAP or LAPFIAP, as the case may be, results in an amount which is less than zero, such Purchase Price component shall be deemed to be zero and accordingly, the amount of FIP, FAP, FIIP, SAP or FIAP, as the case may be, included in any Purchase Price calculation, shall be zero.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (MDC Partners Inc)

AutoNDA by SimpleDocs

No Negative Payments. In the event that the calculation of FAP, SAP, TAP, FOAP, FIAP or LAP, as the case may be, results in an amount which is less than zero, such Purchase Price component shall be deemed to be zero.. (h)

Appears in 1 contract

Samples: Partnership Unit Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!