Applicable Payment Amount means, with respect to any given Applicable OUS Conveyed Company SSE, the sum of (a) the gross wages of such Applicable OUS Conveyed Company SSE for a given month, (b) the applicable employer-sided employment Taxes payable on account of such Applicable OUS Conveyed Company SSE for a given month, and (c) the amount equal to the gross wages for a given month of such Applicable OUS Conveyed Company SSE multiplied by (x) the applicable Benefit Uplift Allocation for the country of such Applicable OUS Conveyed Company or (y) if a Benefit Uplift Allocation is not provided for the country of such Applicable OUS Conveyed Company, 20.9%; provided, that, to the extent wage or benefit costs increases (including cost increases under self-insured welfare plans and/or as a result of transfer to Purchaser’s or its Affiliates’ Benefit Plans) for any Applicable OUS Conveyed Company SSE takes effect as part of the normal course of Business or the transition of employees to Purchaser’s or its Affiliates’ Benefit Plans, the Applicable Payment Amount will be adjusted accordingly, provided that Purchaser provides reasonable documentation of such increases.
Applicable Payment Amount means (a) in all instances and circumstances other than pursuant to clause (b), clause (c) and clause (d) directly below, the Scheduled Payments, (b) upon an acceleration pursuant to Section 9.1(a) following the occurrence of an Event of Default, the Regular Default Payment or the Specified Default Payments, as applicable, and, without duplication, all True-Up Payments, and subsequent Royalty payments,(c) upon a Change of Control described in Section 2.8, the Payment Upon Change of Control, in each case, as applicable, or (d) upon a voluntary prepayment described in Section 2.2(d), the Final Payment and, without duplication, all True-Up Payments and subsequent Royalty Payments. The “Applicable Payment Amount” shall not be less than zero. Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the Royalty (and all future Royalty payments) shall continue to exist and be payable after (and not be terminated from) the making any of the payments referenced in the immediately preceding sentence of this definition (except in connection with the making of the Payment Upon Change of Control pursuant to clause (c) of this definition, but in such case, subject to the Catch Up Royalty Payment and the provisos set forth in Section 2.2(b)(i)(A)).
Applicable Payment Amount means, as of any date, an amount equal to (a) the aggregate amount of Debt of the Companies, as of such date, minus (b) the product of (i) EBITDA of the Companies, for the four (4) fiscal quarter period immediately preceding the date of determination, and (ii) 2.75; provided that if such Applicable Payment Amount is less than $0.00, then the Applicable Payment Amount shall be $0.00.
Examples of Applicable Payment Amount in a sentence
The payment, prepayment, redemption, defeasance, repurchase or repayment of any principal, interest, fees, Applicable Payment Amount, Royalty payment amount, other amounts and/or other Obligations under this Agreement or the other Loan Documents shall be made in cash in Dollars unless expressly stated otherwise herein or therein.
The Lender’s Pro Rata Share of the Applicable Payment Amount, when due hereunder.
More Definitions of Applicable Payment Amount
Applicable Payment Amount means the amount determined by the Board in its sole discretion based on such factors deemed relevant by the Board, including the nature of the Change of Control transaction, the aggregate amount of net consideration received by the members of Holdings as a result of the Change of Control, and Employee’s contributions to the success of the Company through the date of the Change of Control.
Applicable Payment Amount means, as of any date, an amount equal to (a) the aggregate amount of Debt of the Companies, as of such date, minus (b) the product of (i) EBITDA of the Companies, for the four (4) fiscal quarter period immediately preceding the date of determination, including EBITDA of any Company acquired by Borrower during that period, and (ii) 2.75; provided that if such Applicable Payment Amount is less than $0.00, then the Applicable Payment Amount shall be $0.00.
Applicable Payment Amount means, with respect to any given Applicable OUS Conveyed Company SSE, the sum of (a) the gross wages of such Applicable OUS Conveyed Company SSE for a given month, (b) the applicable employer-sided employment Taxes payable on account of such Applicable OUS Conveyed Company SSE for a given month, and (c) the amount equal to the gross wages for a given month of such Applicable OUS Conveyed Company SSE multiplied by (x) the applicable Benefit Uplift Allocation for the country of such Applicable OUS Conveyed Company or (y) if a Benefit Uplift Allocation is not provided for the country of such Applicable OUS Conveyed Company, 20.9%; provided, that, to the extent wage or benefit costs increases (including cost increases under self- insured welfare plans and/or as a result of transfer to Purchaser’s or its Affiliates’ Benefit Plans) for any Applicable OUS Conveyed Company SSE takes effect as part of the normal course of Business or the transition of employees to Purchaser’s or its Affiliates’ Benefit Plans, the Applicable Payment Amount will be adjusted accordingly, provided that Purchaser provides reasonable documentation of such increases.