Common use of Timing of Payment of Earn-out Payments Clause in Contracts

Timing of Payment of Earn-out Payments. Subject to Section 1.4.5, any Earn-out Payment that the Buyer is required to pay pursuant to Section 1.4.1 hereof shall be paid in full no later than five (5) business days following the date upon which the determination of the Earn-out Payment becomes final and binding upon the parties as provided in Section 1.4.2(b) (including any final resolution of any dispute raised by the Seller in the Earn-out Calculation Objection Notice). The Buyer shall pay to the Seller the Earn-out Payment, if any, in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Patriot National, Inc.), Asset Purchase Agreement (Patriot National, Inc.), Asset Purchase Agreement (Patriot National, Inc.)

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Timing of Payment of Earn-out Payments. Subject to Section 1.4.53.5.2, any Earn-out Earn Out Payment that the Buyer is required to pay pursuant to Section 1.4.1 3.5.1 hereof shall be paid in full no later than five (5) business days Business Days following the date upon which the determination of Revenue for the Earn-out Payment applicable Calculation Period becomes final and binding upon the parties as provided in Section 1.4.2(b) Parties (including any final resolution of any dispute raised by the Seller in the Earn-out an Earn Out Calculation Objection Notice). The Buyer shall pay to the Seller the Earn-out Payment, if any, applicable Earn Out Payment in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3funds.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Synalloy Corp), Asset Purchase Agreement (Synalloy Corp)

Timing of Payment of Earn-out Payments. Subject to Section 1.4.52.07(f), any Earn-out Payment that the Buyer is required to pay pursuant to Section 1.4.1 2.07(a) hereof shall be paid in full no later than five (5) business days Business Days following the date upon which the determination of Revenue for the Earn-out Payment applicable Calculation Period becomes final and binding upon the parties as provided in Section 1.4.2(b2.07(b)(ii) (including any final resolution of any dispute raised by the Seller in the an Earn-out Calculation Objection Notice). The Buyer shall pay to the Seller the applicable Earn-out Payment, if any, Payment in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3funds.

Appears in 1 contract

Samples: Stock Purchase Agreement (Synalloy Corp)

Timing of Payment of Earn-out Payments. Subject to Section 1.4.51.4.6, any Earn-out Payment that the Buyer is required to pay pursuant to Section 1.4.1 hereof shall be paid in full no later than five three (53) business days following the date upon which the determination of the any Earn-out Payment for the applicable Calculation Period becomes final and binding upon the parties as provided in Section 1.4.2(b) (including any final resolution of any dispute raised by the Seller in the an Earn-out Calculation Objection Notice). The Buyer shall pay to the Seller the applicable Earn-out Payment, if any, Payment in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Patriot National, Inc.)

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Timing of Payment of Earn-out Payments. Subject to Section 1.4.5, any Earn-out Out Payment that the Buyer is required to pay pursuant to Section 1.4.1 hereof shall be paid in full no later than five (5) business days following the date upon which the determination of the Earn-out Out Payment becomes final and binding upon the parties Parties as provided in Section 1.4.2(b) (including any final resolution of any dispute raised by the Seller in the Earn-out Calculation Objection Notice). The Buyer shall pay to the Seller the Earn-out Out Payment, if any, in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Patriot National, Inc.)

Timing of Payment of Earn-out Payments. Subject to Section 1.4.5, any Earn-out Out Payment that the Buyer is required to pay pursuant to Section 1.4.1 hereof shall be paid in full no later than five (5) business days following the date upon which the determination of the Earn-out Out Payment becomes final and binding upon the parties as provided in Section 1.4.2(b) (including any final resolution of any dispute raised by the Seller in the Earn-out Out Calculation Objection Notice). The Buyer shall pay to the Seller the Earn-out Out Payment, if any, in cash by wire transfer of immediately available funds to the bank account for the Seller set forth on Schedule 1.3.

Appears in 1 contract

Samples: Asset Purchase Agreement (Patriot National, Inc.)

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