Common use of Payment upon Early Termination Clause in Contracts

Payment upon Early Termination. (a) Subject to Section 3.03 and except as provided in Section 5.02, no later than the Early Termination Date, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Ownership Percentage) of an amount equal to the Early Termination Payment or Divestiture Acceleration Payment and any other payment required to be made pursuant to Sections 4.01(b) and (c). Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Existing Stockholders or as otherwise agreed by the Corporation and the Existing Stockholder.

Appears in 5 contracts

Samples: Income Tax Receivable Agreement, Income Tax Receivable Agreement (Berry Plastics Group Inc), Income Tax Receivable Agreement (Berry Plastics Group Inc)

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Payment upon Early Termination. (a) Subject to Section 3.03 and except as provided in Section 5.02, no later than the Early Termination Date, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Ownership Percentage) of an amount equal to the Early Termination Payment or Divestiture Acceleration Payment and any other payment required to be made pursuant to Sections 4.01(b), (c) and (cd). Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Existing Stockholders or as otherwise agreed by the Corporation and the Existing Stockholder.

Appears in 3 contracts

Samples: Income Tax Receivable Agreement, Income Tax Receivable Agreement (Sabre Corp), Income Tax Receivable Agreement (Sabre Corp)

Payment upon Early Termination. (a) Subject to Section 3.03 and except Except as provided in Section 5.02, no later than the Early Termination Date, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Ownership Percentage) of an amount equal to the Early Termination Payment or Divestiture Acceleration Payment and any other payment required to be made pursuant to Sections 4.01(b), (c) and (cd). Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Existing Stockholders or as otherwise agreed by the Corporation and the Existing Stockholder.

Appears in 2 contracts

Samples: Tax Receivable Agreement (Graftech International LTD), Tax Receivable Agreement (Graftech International LTD)

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Payment upon Early Termination. (a) Subject to Section 3.03 and except Except as provided in Section 5.02, no later than the Early Termination Date, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Ownership Percentage) of an amount equal to the Early Termination Payment or Divestiture Acceleration Payment and any other payment required to be made pursuant to Sections 4.01(b) and (c). Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Existing Stockholders or as otherwise agreed by the Corporation and the Existing Stockholder.

Appears in 2 contracts

Samples: Income Tax Receivable Agreement (VWR Corp), Income Tax Receivable Agreement (VWR Corp)

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