Common use of Payment upon Early Termination Clause in Contracts

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three (3) calendar days after the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Holder, or as otherwise agreed by the Corporate Taxpayer and such TRA Holder.

Appears in 5 contracts

Samples: Tax Receivable Agreement, Tax Receivable Agreement (Liberty Oilfield Services Inc.), Tax Receivable Agreement (Liberty Oilfield Services Inc.)

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Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three (3) calendar days after the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Holder, or as otherwise agreed by the Corporate Taxpayer and such the TRA Holder.

Appears in 4 contracts

Samples: Tax Receivable Agreement (Select Energy Services, Inc.), Tax Receivable Agreement (Select Energy Services, Inc.), Tax Receivable Agreement (Select Energy Services, Inc.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.14.1(a), within three (3) calendar days after the an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Party an amount equal to the Early Termination PaymentPayment in respect of such TRA Party. Each such Such payment shall be made by check, by wire transfer of immediately available funds or ACH to a the bank account or accounts previously designated by such the TRA Holder, Party or as otherwise agreed by the Corporate Taxpayer and such TRA HolderParty.

Appears in 3 contracts

Samples: Tax Receivable Agreement, Tax Receivable Agreement (Vine Resources Inc.), Tax Receivable Agreement (Vine Resources Inc.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three (3) calendar days Business Days after the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Holder, or as otherwise agreed by the Corporate Taxpayer and such the TRA Holder.

Appears in 3 contracts

Samples: Tax Receivable Agreement (OneWater Marine Inc.), Tax Receivable Agreement (OneWater Marine Inc.), Tax Receivable Agreement (Cactus, Inc.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three five (35) calendar days Business Days after the Early Termination Effective Date, the Corporate Taxpayer Parent Corporation shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Holder, or as otherwise agreed by the Corporate Taxpayer Parent Corporation and such the TRA Holder.

Appears in 3 contracts

Samples: Tax Receivable Agreement (Nexeo Solutions, Inc.), Tax Receivable Agreement (Nexeo Solutions Holdings, LLC), Tax Receivable Agreement (WL Ross Holding Corp.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.14.1(a), within three (3) calendar days after the an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Party an amount equal to the Early Termination PaymentPayment in respect of such TRA Party. Each such Such payment shall be made by check, by wire transfer of immediately available funds to a the bank account or accounts previously designated by such the TRA Holder, Party or as otherwise agreed by the Corporate Taxpayer and such TRA HolderParty.

Appears in 2 contracts

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

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three (3) calendar days five Business Days after the Early Termination Effective Date, the Corporate Taxpayer Parent Corporation shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated in writing by such the TRA Holder, or as otherwise agreed by the Corporate Taxpayer Parent Corporation and such the TRA Holder.

Appears in 2 contracts

Samples: Tax Receivable Agreement (MDH Acquisition Corp.), Business Combination Agreement (MDH Acquisition Corp.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three five (35) calendar days Business Days after the Early Termination Effective Date, the Corporate Taxpayer Parent Corporation shall pay to each Seller, for the benefit of the TRA Holder its Holders, the aggregate amount of Early Termination PaymentPayments to which the TRA Holders are entitled hereunder. Each such Such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such TRA HolderSeller, or as otherwise agreed by the Corporate Taxpayer Parent Corporation and such TRA HolderSeller.

Appears in 1 contract

Samples: Tax Receivable Agreement (Fintech Acquisition Corp Iii Parent Corp)

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Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three five (35) calendar days Business Days after the Early Termination Effective Date, the Corporate Taxpayer Parent Corporation shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated in writing by such the TRA Holder, or as otherwise agreed by the Corporate Taxpayer Parent Corporation and such the TRA Holder.

Appears in 1 contract

Samples: Tax Receivable Agreement (Digital Media Solutions, Inc.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.14.1(a), within three five (35) calendar days after the an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Party an amount equal to the Early Termination PaymentPayment in respect of such TRA Party. Each such Such payment shall be made by check, by wire transfer of immediately available funds to a the bank account or accounts previously designated by such the TRA Holder, Party or as otherwise agreed by the Corporate Taxpayer and such TRA HolderParty.

Appears in 1 contract

Samples: Tax Receivable Agreement (Infinity Natural Resources, Inc.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.14,1, within three five (35) calendar days Business Days after the Early Termination Effective Date, the Corporate Taxpayer Parent Corporation shall pay to each Seller, for the benefit of the TRA Holder its Holders, the aggregate amount of Early Termination PaymentPayments to which the TRA Holders are entitled hereunder. Each such Such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such TRA HolderSeller, or as otherwise agreed by the Corporate Taxpayer Parent Corporation and such TRA HolderSeller.

Appears in 1 contract

Samples: Tax Receivable Agreement (Paya Holdings Inc.)

Payment upon Early Termination. (a) Subject to its right to withdraw any notice of Early Termination pursuant to Section 4.1, within three (3) calendar days Business Days after the Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Holder its Early Termination Payment. Each such payment shall be made by check, by wire transfer of immediately available funds to a bank account or accounts designated by such the TRA Holder, or as otherwise agreed by the Corporate Taxpayer and such the TRA Holder. The TRA Holders shall not be required to return any portion of any Early Termination Payment even if there is later a Determination affecting such Early Termination Payment.

Appears in 1 contract

Samples: Tax Receivable Agreement (Rosehill Resources Inc.)

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