Examples of Average Market Price in a sentence
If the Average Market Price is equal to or greater than the Second Tier Threshold Amount, then, in addition to the First Tier Earnout Payment described above, Buyer shall pay or cause to be paid to Sellers an amount in cash equal to One Million Dollars (US $1,000,000) (the “Second Tier Earnout Payment”), such that the Earnout Payment shall be in the aggregate Two Million Dollars ($2,000,000).
If the Average Market Price is equal to or greater than the First Tier Threshold Amount, then Buyer shall pay or cause to be paid to Sellers an amount in cash equal to One Million Dollars (US$1,000,000) (the “First Tier Earnout Payment”).
Not later than thirty (30) days following the end of the Earnout Measurement Period, Buyer shall prepare and deliver to Sellers in accordance with Section 8.02 under the Agreement its good faith calculation of (i) Average Market Price, (ii) whether the First Tier Earnout Payment is due and payable, and (iii) whether the Second Tier Earnout Payment is due and payable (the “Earnout Statement”).