Common use of Payment upon Deemed Early Termination Event Clause in Contracts

Payment upon Deemed Early Termination Event. The amount payable to the applicable TRA Holder as a result of an acceleration contemplated in Section 3.01(b)(i) shall equal the sum of: (A) an Early Termination Payment calculated with respect to such TRA Holder(s) pursuant to this ARTICLE III as if an Early Termination Notice had been delivered on the date of the Deemed Early Termination Event using the Valuation Assumptions but substituting the phrase “the date of the Deemed Early Termination Event” in each place where the phrase “Early Termination Date” appears; (B) any Tax Benefit Payment agreed to by the Corporation and such TRA Holder(s) as due and payable but unpaid as of the date of such Deemed Early Termination Event; and (C) any Tax Benefit Payment due to such TRA Holder(s) for the Taxable Year ending with or including the date of such Deemed Early Termination Event (except to the extent that any amounts described in clauses (B) or (C) are included in the amount payable upon early termination).

Appears in 1 contract

Samples: Tax Receivable Agreement (Chobani Inc.)

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Payment upon Deemed Early Termination Event. The Upon a Deemed Early Termination Event, the amount payable to the applicable each Affected TRA Holder as a result of an acceleration contemplated in Section 3.01(b)(i) shall equal the sum of: (A) an Early Termination Payment calculated with respect to such the Affected TRA Holder(s) Holder pursuant to this ARTICLE ‎ARTICLE III as if an Early Termination Notice had been delivered on the date of the Deemed Early Termination Event using the Valuation Assumptions but substituting the phrase “the date of the Deemed Early Termination Event” in each place where the phrase “Early Termination Date” appears; (B) any Tax Benefit Payment agreed to by the Corporation and such the Affected TRA Holder(s) Holder as due and payable but unpaid as of the date of such the Deemed Early Termination Event; and (C) any Tax Benefit Payment due to such the Affected TRA Holder(s) Holder for the Taxable Year ending with or including the date of such a Deemed Early Termination Event (except to the extent that any amounts described in clauses (B) or (C) are included in the amount payable upon early termination).

Appears in 1 contract

Samples: Tax Receivable Agreement (Excelerate Energy, Inc.)

Payment upon Deemed Early Termination Event. The amount payable to the applicable TRA Holder as a result of an acceleration contemplated in Section 3.01(b)(i) shall equal the sum of: (A) an Early Termination Payment calculated with respect to such TRA Holder(s) pursuant to this ARTICLE Article III as if an Early Termination Notice had been delivered on the date of the Deemed Early Termination Event using the Valuation Assumptions but substituting the phrase “the date of the Deemed Early Termination Event” in each place where the phrase “Early Termination Date” appears; (B) any Tax Benefit Payment agreed to by the Corporation and such TRA Holder(s) as due and payable but unpaid as of the date of such Deemed Early Termination Event; and (C) any Tax Benefit Payment due to such TRA Holder(s) for the Taxable Year ending with or including the date of such Deemed Early Termination Event (except to the extent that any amounts described in clauses (B) or (C) are included in the amount payable upon early termination).

Appears in 1 contract

Samples: Tax Receivable Agreement (NUSCALE POWER Corp)

Payment upon Deemed Early Termination Event. The Upon a Deemed Early Termination Event, the amount payable to the applicable each Affected TRA Holder as a result of an acceleration contemplated in Section 3.01(b)(i) shall equal the sum of: (A) an Early Termination Payment calculated with respect to such the Affected TRA Holder(s) Holder pursuant to this ARTICLE III as if an Early Termination Notice had been delivered on the date of the Deemed Early Termination Event using the Valuation Assumptions but substituting the phrase “the date of the Deemed Early Termination Event” in each place where the phrase “Early Termination Date” appears; (B) any Tax Benefit Payment agreed to by the Corporation and such the Affected TRA Holder(s) Holder as due and payable but unpaid as of the date of such the Deemed Early Termination Event; and (C) any Tax Benefit Payment due to such the Affected TRA Holder(s) Holder for the Taxable Year ending with or including the date of such a Deemed Early Termination Event (except to the extent that any amounts described in clauses (B) or (C) are included in the amount payable upon early termination).

Appears in 1 contract

Samples: Tax Receivable Agreement (Excelerate Energy, Inc.)

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Payment upon Deemed Early Termination Event. The amount payable to the applicable TRA Holder as a result of an acceleration contemplated in Section ‎Section 3.01(b)(i) shall equal the sum of: (A) an Early Termination Payment calculated with respect to such TRA Holder(s) pursuant to this ARTICLE Article III as if an Early Termination Notice had been delivered on the date of the Deemed Early Termination Event using the Valuation Assumptions but substituting the phrase “the date of the Deemed Early Termination Event” in each place where the phrase “Early Termination Date” appears; (B) any Tax Benefit Payment agreed to by the Corporation and such TRA Holder(s) as due and payable but unpaid as of the date of such Deemed Early Termination Event; and (C) any Tax Benefit Payment due to such TRA Holder(s) for the Taxable Year ending with or including the date of such Deemed Early Termination Event (except to the extent that any amounts described in clauses (B) or (C) are included in the amount payable upon early termination).

Appears in 1 contract

Samples: Tax Receivable Agreement (Rubicon Technologies, Inc.)

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