Common use of Procedures Applicable to Determination of the Earn-out Payments Clause in Contracts

Procedures Applicable to Determination of the Earn-out Payments. (i) On or before the date which is 60 days after the last day of each Calculation Period (each such date, an “Earn-out Calculation Delivery Date”), Buyer shall prepare and deliver to Remaining Sellers a written statement (in each case, an “Earn-out Calculation Statement”) setting forth in reasonable detail its determination of EBITDA for the applicable Calculation Period and its calculation of the resulting Earn-out Payment (in each case, an “Earn-out Calculation”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Addvantage Technologies Group Inc)

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Procedures Applicable to Determination of the Earn-out Payments. (i) On or before the date which is 60 120 days after the last day of each Calculation Period (each such date, an “Earn-out Calculation Delivery Date”), Buyer shall prepare and deliver to Remaining Sellers Seller a written statement (in each case, an “Earn-out Calculation Statement”) setting forth in reasonable detail its determination of Adjusted EBITDA for the applicable Calculation Period and its calculation of the resulting Earn-out Payment Payment, if any (in each case, an “Earn-out Calculation”).

Appears in 1 contract

Samples: Asset Purchase Agreement (CUI Global, Inc.)

Procedures Applicable to Determination of the Earn-out Payments. (i) On or before the date which is 60 ninety (90) days after the last day of each Calculation Period (each such date, an “Earn-out Calculation Delivery Date”), Buyer shall prepare and deliver to Remaining Sellers Seller a written statement (in each case, an “Earn-out Calculation Statement”) setting forth in reasonable detail its determination of EBITDA Revenue for the applicable Calculation Period and its calculation of the resulting Earn-out Payment (in each case, an “Earn-out Calculation”).

Appears in 1 contract

Samples: Stock Purchase Agreement (Synalloy Corp)

Procedures Applicable to Determination of the Earn-out Payments. (i) On or before the date which that is 60 forty-five (45) days after the last day of each Calculation Earn-out Period (each such date, an the “Earn-out Calculation Delivery Date”), Buyer shall prepare and deliver to Remaining Sellers the Seller Representative a written statement (in each case, an “Earn-out Calculation Statement”) setting forth in reasonable detail its determination of Combined Company EBITDA for the applicable Calculation Earn-out Period and its calculation of the any resulting Earn-out Payment (in each case, an “Earn-out Calculation”).

Appears in 1 contract

Samples: Unit Purchase Agreement (Vertex Energy Inc.)

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Procedures Applicable to Determination of the Earn-out Payments. (i) On or before the date which is 60 days after the last day of each Calculation Period (each such date, an “Earn-out Out Calculation Delivery Date”), Buyer shall prepare and deliver to Remaining Sellers Seller a written statement (in each case, an “Earn-out Out Calculation Statement”) setting forth in reasonable detail its determination of EBITDA for the applicable Calculation Period and its calculation of the resulting Earn-out Out Payment (in each case, an “Earn-out Out Calculation”).

Appears in 1 contract

Samples: Asset Purchase Agreement (Addvantage Technologies Group Inc)

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