Contingent Payment Period definition

Contingent Payment Period has the meaning set forth in Section 2.1(b).

Contingent Payment Period means the calendar year beginning January 1, 1998 and ending December 31, 1998.

Contingent Payment Period means collectively a First Semiannual Period together with the next succeeding Second Semiannual Period.

Examples of Contingent Payment Period in a sentence

• The Company shall not engage in material transactions with Affiliates (other than Subsidiaries of the Company), or material transactions with other persons which are primarily for the benefit of such Affiliates, which would reduce Net Sales during the Contingent Payment Period, except on terms that are comparable to those that would be obtained from unaffiliated parties on an arms-length basis.

• The Company shall use reasonable efforts during the Contingent Payment Period to operate its business in the ordinary course and substantially as operated heretofore, provided, however, that nothing in this Section shall prevent the Company from operating the business of the Company in accordance with its business judgment to enhance the growth and profitable development of the Company's business, so long as the Company is not motivated by an intention to diminish the value of the Securities.

• The Rights shall be extinguished without any payment therefor and have no further force and effect (i) on December 31, 1997, if no Change of Control has occurred prior to such date or (ii) on March 31, 1999 if Net Sales for the Contingent Payment Period shall not have exceeded $122,000,000.

• After Closing, Buyer will consolidate the Assets and Assumed Liabilities of Seller under the name "Cloverleaf Group, Inc." Buyer shall continue to operate as an operating unit using the names Cloverleaf, iDL and Big Red Rooster during the term of the Contingent Payment Period.

• Buyer agrees that during the Contingent Payment Period (as defined in Exhibit 1.4(d)(i)) it will not take any action or refrain from taking any action in the S3 Business, a purpose of which is to prevent or reduce any Contingent Payments or Seller from earning the Maximum Contingent Payment Amount (as defined in Exhibit 1.4(d)(i)).

More Definitions of Contingent Payment Period

Contingent Payment Period means the period of time commencing on Closing and ending upon expiration of Buyer’s obligations hereunder to pay the Milestone Payments and Royalties.

Contingent Payment Period means the eighteen-month period commencing at the Closing Date.

Contingent Payment Period means each of the following periods, each of which shall be a separate Contingent Payment Period: (A) the period commencing on January 1, 2016 and ending on December 31, 2016; (B) the period commencing on January 1, 2017 and ending on December 31, 2017; (C) the period commencing on January 1, 2018 and ending on December 31, 2018; (D) the period commencing on January 1, 2019 and ending on December 31, 2019 and (E) the period commencing on January 1, 2020 and ending on September 30, 2020; provided that, notwithstanding the foregoing, if the FDA Milestone occurs after January 1, 2016, the first Contingent Payment Period shall begin on the Commencement Date and the foregoing definition shall be deemed accordingly modified (for example, if the Commencement Date were June 1, 2016, clause (A) would be deemed to provide that the period shall commence on June 1, 2016 and end on December 31, 2016, and clauses (B) through (E) would remain the same; or, if the Commencement Date were June 1, 2017, clause (A) would be deemed deleted, clause (B) would be deemed to provide that the period shall commence on June 1, 2017 and end on December 31, 2017 and clauses (C) through (E) would remain the same); provided, further, that in no event shall the Contingent Payment Period extend beyond September 30, 2020; provided, further, that if the FDA Milestone does not occur prior to September 30, 2020, there shall be no Contingent Payment Period or Contingent Payment due. For the avoidance of doubt, negative Gross Profit during any Contingent Payment Period shall not affect Gross Profit for any other Contingent Payment Period.” (c) Section 1.03(a)(x) of the Agreement is hereby amended and restated in its entirety as follows:

Contingent Payment Period means the time period from the closing through and including June 30, 2022.

Contingent Payment Period means the one-year period immediately after the Effective Time.

Contingent Payment Period means the period commencing on the Closing Date and ending on December 31, 2005.

Contingent Payment Period shall have the meaning set forth in Section 1.6(a).