Total Consideration Payment Amount Sample Clauses

Total Consideration Payment Amount. At the Closing, (as that term is hereinafter defined in Section 4.1), Purchaser shall pay Seller, in immediately available funds as directed by Seller, the sum of Two Million Nine Hundred and Eight Thousand and Five Hundred Dollars ($2,908,500.00) (the "Initial Total Payment Amount"), provided, however, that if the Closing has not been completed by the end of business day on February 28, 2001, then in said event, the Initial Total Payment Amount shall be adjusted (increased) in the amount equal to Four Thousand Five Hundred Dollars ($4,500.00) per day for every day after February 28, 2001 until such Closing shall occur. The Initial Total Payment Amount, as may be adjusted, if any, shall hereinafter be referred to the "Total Payment Amount". At the Closing and the consummation of the transactions contemplated hereunder, the Total Payment Amount will be applied first to the full payment of the any and all amounts due to Seller under the MAP Agreement as of and at the Closing, then the next $50,000 for the repayment of the amount due Seller for the License Deposit, and the remaining balance of the Total Payment Amount will be deemed to be, and will be applied, as the total purchase price (the "Purchase Price") payable (and paid) by Purchaser to Seller for the Portfolio (which include, without limitation thereto, the termination of any amounts that Seller would otherwise be due for future revenue splits under the MAP Agreement).
Sample 1
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Related to Total Consideration Payment Amount

  • Total Consideration The aggregate consideration (the "Consideration") payable by the Surviving Partnership in connection with the merger of the Merged Partnership with and into the Surviving Partnership shall be $8,275,000, subject to adjustments at Closing pursuant to Section 3.9 and costs paid pursuant to Section 3.10(c) and Section 3.11, plus the amount of any tax or other reserves held by the Existing Lender (hereinafter defined).

  • Earn-Out Consideration (a) If the earnings before taxes (the "EBT") of the Company for the twelve months ending December 31, 1998, increased by amounts in respect of those items set forth on Schedule 2.5 that affected net income during the period from January 1, 1998 through the Closing Date and decreased by the amount of UniCapital corporate overhead allocated to the Company for the period from the Closing Date through December 31, 1998 (the "Adjusted 1998 EBT"), exceeds the EBT of the Company for the twelve months ending December 31, 1997, inclusive of the add-backs set forth on Schedule 2.5 (the "Adjusted 1997 EBT"), then the Stockholders shall be entitled to receive one-half of the difference between the Adjusted 1998 EBT and the Adjusted 1997 EBT.

  • Payment Amount Each Restricted Stock Unit represents one (1) Share of Common Stock.

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

  • Initial Consideration On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

  • Aggregate Consideration 10.1 Agreement.......................................................................

  • Settlement Amount See §2.9.1.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • 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.

  • Purchase Price Payment Purchaser shall deliver to SAFEDOX the sum of $5,000 in payment of the 16,667 shares of Common Stock purchased by Purchaser hereunder, a per share price of $.30, which payment shall be delivered as provided in paragraphs VI and VII hereinbelow.

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