Common use of Payment upon Early Termination Clause in Contracts

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 23 contracts

Samples: Tax Receivable Agreement (Ryan Specialty Holdings, Inc.), Tax Receivable Agreement (Rani Therapeutics Holdings, Inc.), Tax Receivable Agreement (Direct Digital Holdings, Inc.)

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Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each the TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 14 contracts

Samples: Tax Receivable Agreement, Employment Agreement (Medley Management Inc.), Employment Agreement (Sierra Income Corp)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer Corporation shall pay to each the TRA Party Parties an amount equal to the Early Termination Payment in respect of such TRA Party; provided, however, that any amount payable pursuant to this Agreement as a result of a Change of Control shall be paid concurrently with the consummation of such Change of Control. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer Corporation and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 7 contracts

Samples: Tax Receivable Agreement (Fathom Digital Manufacturing Corp), Tax Receivable Agreement (Fathom Digital Manufacturing Corp), Tax Receivable Agreement (Fathom Digital Manufacturing Corp)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each relevant TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 6 contracts

Samples: Tax Receivable Agreement (European Wax Center, Inc.), Tax Receivable Agreement (Weber Inc.), Tax Receivable Agreement (European Wax Center, Inc.)

Payment upon Early Termination. (a) Within three five (35) calendar days Business Days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 5 contracts

Samples: Tax Receivable Agreement (Snap One Holdings Corp.), Tax Receivable Agreement (Snap One Holdings Corp.), Tax Receivable Agreement (Utz Brands, Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days Business Days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such each TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 5 contracts

Samples: Tax Receivable Agreement (Calyxt, Inc.), Exchange Agreement (Highland Transcend Partners I Corp.), Tax Receivable Agreement (Highland Transcend Partners I Corp.)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer Company shall pay to each TRA Party an aggregate amount equal to the Early Termination Payment Amount in respect of such TRA PartyParty (each, an “Early Termination Payment”). Such payment Each Early Termination Payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer Company and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 5 contracts

Samples: Tax Receivable Agreement (PF2 SpinCo, Inc.), Tax Receivable Agreement (PF2 SpinCo LLC), Tax Receivable Agreement (Change Healthcare Inc.)

Payment upon Early Termination. (a) Within three five (35) calendar days Business Days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of Attributable to such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated in writing by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 4 contracts

Samples: Tax Receivable Agreement (Biote Corp.), Letter Agreement (FTAC Athena Acquisition Corp.), Tax Receivable Agreement (OppFi Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 4 contracts

Samples: Tax Receivable Agreement, Tax Receivable Agreement (Caliburn International Corp), Tax Receivable Agreement (GoDaddy Inc.)

Payment upon Early Termination. (a) Within three five (35) calendar days Business Days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the entire Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 4 contracts

Samples: Tax Receivable Agreement (Thayer Ventures Acquisition Corp), Tax Receivable Agreement, Tax Receivable Agreement (E2open Parent Holdings, Inc.)

Payment upon Early Termination. (a) Within three ten (310) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each relevant TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 3 contracts

Samples: Tax Receivable Agreement (TPG Inc.), Tax Receivable Agreement (TPG Inc.), Tax Receivable Agreement (TPG Partners, LLC)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer Corporation shall pay to each the TRA Party Parties an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer Corporation and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 3 contracts

Samples: Tax Receivable Agreement (Endeavor Group Holdings, Inc.), Tax Receivable Agreement (Endeavor Group Holdings, Inc.), Tax Receivable Agreement (Endeavor Group Holdings, Inc.)

Payment upon Early Termination. (a) Within a)Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to such TRA Party’s Sharing Percentage of the Early Termination Payment in respect of such TRA PartyPayment. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Enfusion, Inc.), Tax Receivable Agreement (Enfusion, Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Tax Receivable Agreement (FXCM Inc.), Tax Receivable Agreement (FXCM Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days Business Days after an Early Termination Effective Date, the Corporate Taxpayer Corporation shall pay to each TRA Party an amount equal to the portion of the Early Termination Payment in respect of attributable to such TRA Party (based on such TRA Party’s Ownership Percentage). Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer Corporation and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Driven Brands Holdings Inc.), Tax Receivable Agreement (Driven Brands Holdings Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer Corporation shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party (computed on the basis of such TRA Party’s Ownership Percentage). Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer Corporation and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerCorporation.

Appears in 2 contracts

Samples: Tax Receivable Agreement (HireRight Holdings Corp), Tax Receivable Agreement (HireRight GIS Group Holdings, LLC)

Payment upon Early Termination. (a) Within three (3) calendar days Business Days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each the TRA Party Parties, in accordance with their respective shares as set forth on the Payment Schedule, an amount equal to the Early Termination Payment in respect of such all TRA PartyParties. Such payment shall be made in cash by wire transfer of immediately available funds to a bank account or accounts designated by such each TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Spree Acquisition Corp. 1 LTD), Tax Receivable Agreement (OPAL Fuels Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days Business Days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Xponential Fitness, Inc.), Tax Receivable Agreement (Xponential Fitness, Inc.)

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Payment upon Early Termination. (a) Within three five (35) calendar days Business Days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Income Tax Receivable Agreement (Appreciate Holdings, Inc.), Income Tax Receivable Agreement (Proptech Investment Corp. Ii)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer Corporation shall pay to each of the TRA Party Parties an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Party or as otherwise agreed by the Corporate Taxpayer Corporation and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

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

Payment upon Early Termination. (a) Within three (3) calendar days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made made, at the sole discretion of Corporate Taxpayer, by wire or Automated Clearing House transfer of immediately available funds to a bank account or accounts designated by such the applicable TRA Party or as otherwise agreed by the Corporate Taxpayer and such or the TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Indie Semiconductor, Inc.), Tax Receivable Agreement (Thunder Bridge Acquisition II, LTD)

Payment upon Early Termination. (a) Within three five (35) calendar days Business Days after the date an Early Termination Effective DateSchedule becomes binding pursuant to Section 4.2, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such each TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Bakkt Holdings, Inc.), Limited Liability Company Agreement (VPC Impact Acquisition Holdings)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party with respect to whom such termination has just occurred an amount equal to the Early Termination Payment in with respect of to such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 2 contracts

Samples: Tax Receivable Agreement (AmeriHome, Inc.), Tax Receivable Agreement (AmeriHome, Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer Corporation shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer Corporation and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerCorporation.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Vacasa, Inc.), Tax Receivable Agreement (TPG Pace Solutions Corp.)

Payment upon Early Termination. (a) Within three (3) calendar days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such each TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 1 contract

Samples: Tax Receivable Agreement (Thunder Bridge Acquisition LTD)

Payment upon Early Termination. (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party with respect to whom such termination has just occurred an amount equal to the Early Termination Payment in with respect of to such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 1 contract

Samples: Tax Receivable Agreement (Nextracker Inc.)

Payment upon Early Termination. (a) Within three (3) calendar days Business Days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each the Agent for disbursement to the TRA Party Parties, in accordance with their respective shares as set forth on the Payment Schedule, an amount equal to the Early Termination Payment in respect of such all TRA PartyParties. Such payment shall be made in cash by wire transfer of immediately available funds to a bank account or accounts designated by such each TRA Party or as otherwise agreed by the Corporate Taxpayer Agent and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 1 contract

Samples: Business Combination Agreement (ArcLight Clean Transition Corp. II)

Payment upon Early Termination. (a) Within three (3) calendar days Business Days after an the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to such TRA Party’s Sharing Percentage of the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 1 contract

Samples: Tax Receivable Agreement (Signify Health, Inc.)

Payment upon Early Termination. (a) Within Subject to its right to withdraw any Early Termination Request pursuant to Section 4.1(a), within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a the bank account or accounts previously designated by such each TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate TaxpayerParty.

Appears in 1 contract

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

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