Anniversary Payments definition

Anniversary Payments means an amount equal to the sum of the First Anniversary Payment, Second Anniversary Payment, Third Anniversary Payment, Fourth Anniversary Payment and the Fifth Anniversary Payment.
View Source

Examples of Anniversary Payments in a sentence

  • The parties have agreed to establish the date as of the next month end following sixty (60) days after the Transfer Date as the date established for purposes of calculating the amount of the Initial Payment and each of the four Anniversary Payments as set forth and defined below (the “Measurement Date”).

  • As additional consideration for the waiver of the Revenue Receipt Rights, on each of the first three anniversaries hereof, Galileo shall pay to SAirGroup (or to one of its Affiliates, at SAirGroup's election) the sum of US$6,600,000 (collectively, the "Anniversary Payments").

  • In consideration of the Initial Payment and the Anniversary Payments, SAirGroup hereby, on behalf of itself and of all of its affiliates, waives all future rights to the Revenue Receipt Rights.

  • The number of Anniversary Payments will be reduced to the extent that any Accelerated Payment makes one or more Anniversary Payments unnecessary in order to complete payment of the Ten Million Dollars ($10,000,000).

  • The aggregate consideration to be paid for the Purchased Shares (the “Purchase Price”) shall be an amount equal to (i) the Closing Date Payment, plus (ii) the aggregate of all Anniversary Payments (if any) made pursuant to Section 2.5, plus (iii) the Milestone Amounts (if any), plus (iv) the Initial Royalty Amount (if any), plus (v) the Subsequent Royalty Amount (if any).

  • As additional consideration for the waiver of the Revenue Receipt Rights, on each of the first three anniversaries hereof, Galileo shall pay to KLM the sum of US$4,000,000 (collectively, the "Anniversary Payments").

  • In consideration of the Initial Payment and the Anniversary Payments, KLM hereby, on behalf of itself and of all of its affiliates, waives all future rights to the Revenue Receipt Rights.

  • The stock portion of the Anniversary Payments shall be paid once annually, with stock issued on each annual anniversary of the Closing.

  • Anniversary Payments and Refund Amounts will be made by Federal Reserve electronic wire transfer in immediately available funds to an account designated by the receiving Party.

  • Lista shall be entitled to a payment equal to 46% of each Anniversary Payment (the "Lista Anniversary Payments") and ▇▇▇▇▇▇ shall be entitled to a payment equal to 54% of each of the Anniversary Payment (the "▇▇▇▇▇▇ Anniversary Payments").