Payment upon Early Termination. (a) Within three (3) Business Days after agreement is reached between the Existing Stockholders Representative and the Corporation concerning the Early Termination Schedule, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Applicable Percentage) of an amount equal to the Early Termination Payment. 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 (El Pollo Loco Holdings, Inc.), Income Tax Receivable Agreement (El Pollo Loco Holdings, Inc.)
Payment upon Early Termination. (a) Within three (3) Business Days after agreement is reached between the Existing Stockholders Representative and the Corporation concerning of the Early Termination Schedule, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Applicable Percentageownership percentage in the Corporation at the time of the IPO) of an amount equal to the Early Termination Payment. Such payment shall be made by wire transfer of immediately available funds to a bank account designated by the applicable Existing Stockholders, 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 (Graham Packaging Co Inc.), Tax Receivable Agreement (Graham Packaging Co Inc.)
Payment upon Early Termination. (a) Within three (3) Business Days after agreement is reached between the Existing Stockholders Representative and the Corporation concerning the Early Termination ScheduleSchedule or such Schedule is finalized pursuant to the Reconciliation Procedures, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Applicable Percentage) of an amount equal to the Early Termination Payment or Divestiture Acceleration Payment. 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 (Surgery Partners, Inc.), Income Tax Receivable Agreement (Surgery Partners, Inc.)
Payment upon Early Termination. (a) i. Within three (3) Business Days after agreement is reached between the Existing Stockholders Representative and the Corporation concerning the Early Termination ScheduleSchedule or such Schedule is finalized pursuant to the Reconciliation Procedures, the Corporation shall pay to each Existing Stockholder its share (based on such Existing Stockholder’s Applicable Percentage) of an amount equal to the Early Termination Payment or Divestiture Acceleration Payment. 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: Reorganization Agreement (Surgery Partners, Inc.), Income Tax Receivable Agreement (Surgery Partners, Inc.)
