Anniversary Payment Date definition

Anniversary Payment Date means, in respect of the first Anniversary Payment, the date falling on the first anniversary date of the Issuance Date provided that if such date does not fall on a Business Day, it shall be postponed until the next Business Day immediately following such date and, for each of the subsequent Anniversary Payments, the date falling five Business Days after the date on which the commodity reference price of all of the commodities has been determined;
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Anniversary Payment Date shall occur on each of: (i) the earlier of (A) the first anniversary of the first day of the second calendar month following the calendar month during which the last Conversion Date occurs, and (B) at the Company’s option, (x) the first anniversary of the first day of the calendar month following the calendar month during which the Threshold Conversion Date occurs, or (y) January 1, 2008; and (ii) the first, second and third anniversaries of the first Anniversary Payment Date as determined pursuant to clause (i) above. The aggregate of all such payments to be made pursuant to this Section 3.01(b) (exclusive of the Initial Consideration for purposes of such calculation) will at no time exceed the Payment Cap Amount. For purposes of the calculations noted above:
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Anniversary Payment Date means, for each Anniversary Payment, if any, the date falling five Business Days after each anniversary of the Issuance Date;
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Examples of Anniversary Payment Date in a sentence

  • Parent shall deposit Active Indemnity Claims Amounts into the Indemnity Claims Escrow on the relevant Anniversary Payment Date.

  • With respect to the first Annual Cash Payment, Buyer may elect to provide, in lieu of cash, a number of shares of Buyer Common Stock equivalent in aggregate value to the amount of such Annual Cash Payment, the value of each such share to be deemed equal to 80% of the average NASDAQ closing price during the 20 trading days immediately prior to the relevant Anniversary Payment Date (the "Optional Annual Stock Payment").

  • In the event that the First Anniversary Payment Date, the Disposition Payment Date or the Default Payment Date, as the case may be, shall not be a Business Day, then (notwithstanding any provision of this Agreement or the PRs to the contrary) payment on the PRs need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the required date.