Revenue-Based Consideration Sample Clauses

Revenue-Based Consideration. Subject to adjustment as provided herein, the "Revenue-Based Consideration" will be equal to the sum of (i) the total revenue generated during the thirty day period ending February 28, 2003 (the "Second Month Revenue Period") by the customers of the Business as of January 8, 2003 for Services provided to such customers by Seller prior to January 8, 2003, net of allowance for bad debt, sales credits and other normal and customary adjustments, calculated in accordance with U.S. generally accepted accounting principles, consistently applied ("GAAP"), multiplied by two (the "Second Month Consideration") and (ii) the total revenue generated during the thirty day period ending April 30, 2003 (the "Fourth Month Revenue Period") by the customers of the Business as of January 8, 2003 for Services provided by the Seller prior to January 8, 2003, net of allowance for bad debt, sales credits and other normal and customary adjustments (the "Fourth Month Consideration"). The Revenue-Based Consideration shall be adjusted by deducting a credit (the "RBC Credit") of 1/2 of the Transfer Expenses (as defined in Section 9.10) incurred by Buyer pursuant to Section 5.14; provided, however, that the RBC Credit shall have a maximum value of $400,000. The amount of the Revenue-Based Consideration shall be paid by wire transfer by Buyer to an account specified by Seller. As soon as practicable, but in no event more than 2 business days, after the calculation of each of the Second Month Consideration and the Fourth Month Consideration becomes binding and conclusive on the parties pursuant to Section 1.9, or, if later, on the First Closing Date, Buyer shall make the wire transfer payment provided for in this Section 1.8.
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Revenue-Based Consideration 

Related to Revenue-Based Consideration

  • No Claim Regarding Stock Ownership or Consideration There must not have been made or threatened by any Person any claim asserting that such Person (a) is the holder of, or has the right to acquire or to obtain beneficial ownership of the Shares or any other stock, voting, equity, or ownership interest in, the Company, or (b) is entitled to all or any portion of the Acquiror Company Shares.

  • Additional Considerations For each mediation or arbitration:

  • Certain Tax Considerations .... 4 Originally Anticipated Term of the Partnership; General Policy Regarding Sales and Refinancings of Partnership Properties; Alternatives........................................... 4 Conditions..................................................................................................

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Tax Considerations The Company has advised Recipient to seek Recipient’s own tax and financial advice with regard to the federal and state tax considerations resulting from Recipient’s receipt of the Award and Recipient’s receipt of the Shares upon Settlement of the vested portion of the Award. Recipient understands that the Company, to the extent required by law, will report to appropriate taxing authorities the payment to Recipient of compensation income upon the Settlement of RSUs under the Award and Recipient shall be solely responsible for the payment of all federal and state taxes resulting from such Settlement.

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Risk-Based Capital In the event that any Bank determines that (1) compliance with any judicial, administrative, or other governmental interpretation of any law or regulation or (2) compliance by such Bank or any corporation controlling such Bank with any guideline or request from any central bank or other governmental authority (whether or not having the force of law) has the effect of requiring an increase in the amount of capital required or expected to be maintained by such Bank or any corporation controlling such Bank, and such Bank determines that such increase is based upon its obligations hereunder, and other similar obligations, the Borrower shall pay to the Agent, for the account of the applicable Bank, such additional amount as shall be certified by the Bank to be the amount allocable to such Bank’s obligations to the Borrower hereunder. Such Bank will notify the Borrower (with a copy to the Agent) of any event occurring after the date of this Agreement that will entitle such Bank to compensation pursuant to this Section 2.18 as promptly as practicable after it obtains knowledge thereof and determines to request such compensation. Determinations by any Bank for purposes of this Section 2.18 of the effect of any increase in the amount of capital required to be maintained by such Bank and of the amount allocable to such Bank’s obligations to the Borrower hereunder shall be conclusive, provided that such determinations are made on a reasonable basis.

  • Stock Consideration 3 subsidiary...................................................................53

  • Adjustments to Merger Consideration The Merger Consideration shall be adjusted to reflect fully the effect of any reclassification, stock split, reverse split, stock dividend (including any dividend or distribution of securities convertible into Company Common Stock), reorganization, recapitalization or other like change with respect to Company Common Stock occurring (or for which a record date is established) after the date hereof and prior to the Effective Time.

  • Performance-Based Compensation During the Period of Employment and assuming Executive remains continuously employed by the Company through the end of the relevant fiscal year, Executive shall also be entitled to participate in an annual performance-based cash bonus program as set forth in Exhibit B.

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