Additional Purchase Price definition
Examples of Additional Purchase Price in a sentence
The purchase price for the Revenue Participation Right shall consist of the Initial Purchase Price and, if payable hereunder, the Additional Purchase Price Payments (together, the “Purchase Price”).
On the Effective Date and upon the terms and subject to the conditions of this Agreement, in exchange for the Buyer’s payment of the Initial Purchase Price and the Buyer’s promise to pay the Additional Purchase Price Payments if and when due hereunder, the Seller hereby sells, transfers, assigns and conveys to the Buyer, and the Buyer hereby purchases, acquires and accepts from the Seller, the Revenue Participation Right free and clear of all Liens.
A late fee of the lesser of (a) [***] over the Prime Rate, and (b) the highest rate permitted under applicable law shall accrue on all unpaid amounts with respect to any payment owed to either party hereunder, including the Additional Purchase Price Payments or any Revenue Payment, from the date such obligation was due until the date payment is made.
The Buyer has sufficient cash, or access to sufficient immediately available cash under committed credit facilities, to pay the Initial Purchase Price on the Effective Date and will have sufficient cash, or access to sufficient immediately available cash under committed credit facilities, to pay the Additional Purchase Price Payments contemplated by Section 3.6 if and when due hereunder.