Consideration Payment Date definition

Consideration Payment Date means the date on which the Sale Consideration has been transferred into the Liquidation Account by the Successful Bidder in terms of sub-clause X of Clause 5.4 of this document and which shall be any date within 30 (Thirty) days or 90 (Ninety) days, as the case may be, from the issuance of the Letter of Intent (“LoI”) to the Successful Bidder;

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Consideration Payment Date means the date on which the 1st Installment i.e 15% of the Final Consideration shall be deposited by the Successful Bidder(s) within 15 days from the date of issuance of LOI and 75% of the Final Consideration or Balance Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (Ninty) days from the issuance of the LoI (s) to the Successful Bidder(s).

Consideration Payment Date means the date on which the Final Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (ninety) days from the auction date. Payments made after thirty days from the auction date shall attract interest at the rate of 12%.

Examples of Consideration Payment Date in a sentence

• If the Aggregate Consideration Value in respect of a Consolidation Transaction is paid to any IPMD Entities in two or more installments, the related Equalization Payment shall also be paid in installments within one business day of each Consideration Payment Date in the same proportion as each installment payment to the IPMD Entities bears to the Aggregate Consideration Value payable to the IPMD Entities.

• If Option Holder terminates this Contract before an Additional Option Cash Consideration Payment Date, then Option Holder shall not be required to pay the Additional Option Cash Consideration payable on such Additional Option Cash Consideration Payment Date and, if applicable, any subsequent Additional Option Cash Consideration payments.

• If the Closing occurs before an Additional Option Cash Consideration Payment Date, then Option Holder shall not be required to pay the Additional Option Cash Consideration payable on such Additional Option Cash Consideration Payment Date and, if applicable, any subsequent Additional Option Cash Consideration payments.

• Notwithstanding the foregoing, after occurrence of Completion, the Purchaser shall not be entitled to assign or otherwise transfer to any other Person, its obligation to pay the Deferred Consideration to the Seller on the Deferred Consideration Payment Date.

• As used herein, the "Additional DPRC Shares" shall mean that number of DPRC Common Shares which when multiplied by the DPRC Average Closing Price, equals forty percent (40%) of the Additional Consideration that is payable by DPRC to the Shareholders for such Additional Consideration Payment Date, as determined in accordance with Section 3.2(a)(i), (ii), (iii) or (iv), above, as the case may be.

More Definitions of Consideration Payment Date

Consideration Payment Date means the date on which the Final Consideration shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 15 (fifteen) days from the issuance of the LoI(s) to the Successful Bidder(s).

Consideration Payment Date means the date on which the 1st Installment

Consideration Payment Date means the date or dates described in the definition of Consideration Value on which payments are to be made or consideration is to be granted to UBS under this Part 5(h), except that in the case of any Swap Consideration Amount based on a Valuation Amount, the Consideration Payment Date shall be the fifth (5th) Local Business Day following the receipt by the Counterparties of the Valuation Agent’s report on the Valuation Amount. “UBS Share” means the percentage, expressed as a decimal, determined by multiplying (i) an amount equal to (A) the Expected Exposure divided by (B) the aggregate outstanding obligations owed to the First Priority Debt Creditors as of the date of calculation (whether or not then due and payable), by (ii) the UBS Percentage, expressed as a decimal.

Consideration Payment Date has the meaning given to it in clause 4.1;

Consideration Payment Date means the date on which the Assignment Consideration is due and payable;

Consideration Payment Date means the date on which Balance Consideration along with Interest as per the applicable regulation, if any shall be deposited by the Successful Bidder(s) into the Liquidation Account, which shall be within 90 (Ninety) days from the issuance of the LoI (s) to the Successful Bidder(s);

Consideration Payment Date means the date on which the Final Consideration has been transferred into the Liquidation Account by the Successful Bidder in terms of sub-clause X of Clause