Contingent Payment Rights definition

Contingent Payment Rights means the contingent payment right which shall be automatically converted into shares of Holdings’ Common Stock subject to the terms and conditions of the Contingent Payment Right Agreement to be entered into by the Investor and Holdings.
Contingent Payment Rights means the treatment for Holders of Second Lien Note Claims as described in Article IV.D herein, and in the Contingent Payment Rights Term Sheet.
Contingent Payment Rights has the meaning set forth in Section 1.3.

Examples of Contingent Payment Rights in a sentence

  • If no such distributions are required to be made prior to the Expiration Date, the Contingent Payment Rights will terminate and cease to exist and Holders thereof will receive no value on account of the Contingent Payment Rights.

  • Based on the above, on the Effective Date, and in accordance with the Contingent Payment Rights Term Sheet, the Reorganized Debtors shall issue Contingent Payment Rights to Holders of Second Lien Note Claims on a Pro Rata basis.

  • Litigation Contingent Payment Rights Trust (or any successor thereof) (the “Trust”) (an “IRI Investor”), then such IRI Investor shall be deemed to be Withdrawing Party for purposes of and with the consequences set forth in Section 4.1(g).

  • Such Pro Rata payment to Holders of Contingent Payment Rights shall be made within thirty days after such ERG Proceeds are remitted to the ERG Pledged Account.

  • The issuance of the Contingent Payment Rights by the Reorganized Debtors is authorized without the need for any further corporate action and without any further action by the Holders of Claims or Interests.

  • In exchange for full and final satisfaction, settlement, release, and discharge of the Second Lien Note Claims, each Holder of such Allowed Second Lien Note Claim shall receive its Pro Rata share of the Contingent Payment Rights.

  • The Reorganized Debtors shall maintain a register, which may be the Reorganized Debtors, identifying each Holder of the Contingent Payment Rights and the amount of the Contingent Payment Rights held by such Holder.

  • For purposes of this Section 3.5, any decrease in the per-share Merger Consideration (other reductions to the Contingent Payment Rights pursuant to the terms thereof) shall be deemed to be materially adverse to the Stockholder.

  • An appeals officer or counsel for the government resolving a timing issue may treat the issue as a change in method of accounting.

  • On the Effective Date, all Allowed Contingent Payment Rights Claims shall be extinguished and no distribution will be made in respect of such Allowed Contingent Payment Rights Claims, including any Allowed Claims arising out of or in connection with the Debtors' rejection of the Restructuring Agreement.


More Definitions of Contingent Payment Rights

Contingent Payment Rights means each Stockholder's right to receive, as of the Second Period Payment Date, such Stockholder's Pro Rata Portion of an amount equal to (X) Incremental Revenue minus (Y) the sum of (1) the aggregate amount of the Contingent Retention Bonuses plus (2) the amount, if any, of the payment or accrual of any bonus (other than the Steberl Bonus as defined herein) to Mr. Steberl in 2001; provided, however, that sxxx xxxxxx shall be subject to further reduction (but in no event to an amount less than zero) by an amount equal to the sum of (a) the estimated dollar amount of all Damages for which the ANSYS Indemnified Parties have made claims for indemnification pursuant to this Agreement on or before the Second Period Payment Date (to the extent not yet satisfied by the PMAC Indemnitors or secured by funds or ANSYS Common Stock retained in escrow on the Initial Period Payment Date in respect of such Damages) and (b) if EBITDA of the PMAC Group for 2001 is less than that set forth in the Budget Goals for 2001, the amount, if any, of the excess of Expenses for calendar year 2001 over the Expenses for 2001 set forth in the Budget Goals. Any payment due pursuant to such Contingent Payment Right shall be payable to such Stockholder as follows:
Contingent Payment Rights means the contingent payment right which shall be automatically convertedinto shares of Holdings’ common stock subject to the terms and conditions of the contingent payment rightagreement to be entered into by the Investor and Holdings.“Control ” means the possession, directly or indirectly, of the power to direct or cause the direction of themanagement or policies of a Person, whether through the ownership of voting securities, by contract or otherwise,and “controlling ” and “controlled ” have meanings correlative thereto.“Controlled Investment Affiliate ” means, with respect to any Person, any fund or investment vehicle that (i)is organized by such Person for the purpose of making investments in one or more companies and (ii) is controlledby, or under common control with, such Person.“Covered Party ” has the meaning assigned to such term in Section 9.24 ..“Credit Agreement Refinancing Indebtedness ” means Indebtedness issued, incurred or otherwise obtained(including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew,replace, repurchase, retire or refinance, in whole or part, Revolving Loans, Initial Term Loans, Term B-1 Loans,Incremental Term Loans, Extended Term Loans or any then existing Credit Agreement Refinancing Indebtedness(“Refinanced Debt ”); provided that (i) such Indebtedness has a maturity no earlier than, and a Weighted AverageLife to Maturity equal to or greater than, the Refinanced Debt, (ii) such Indebtedness shall not have a greaterprincipal amount than the principal amount of the related Refinanced Debt plus accrued interest, fees, premiums (ifany) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) such Indebtednessshall not be secured by any assets that do not constitute Collateral, (iv) such Indebtedness is not at any timeguaranteed by any Subsidiaries of the Borrower other than Subsidiary Loan Parties, (v) such Indebtedness shall beunsecured or rank pari passu (without regard to the control of remedies) or junior in right of payment and securitywith any Obligations and, if secured on a junior lien basis, shall be subject to a Junior Lien Intercreditor Agreement,(vi) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accruedinterest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such CreditAgreement Refinancing Indebtedness is issued, incurred or o...
Contingent Payment Rights means the right to receive contingent payments as set forth in Section 2.16 below, which shall be owned solely by the Founding Stockholders in proportion to their stockholdings.
Contingent Payment Rights means the contingent payment right which shall be automatically converted into shares of the Company’s Common Stock subject to the terms and conditions of the Contingent Payment Right Agreement to be entered into by Searchlight III CVL, LLC and the Company.
Contingent Payment Rights means each Stockholder's right to receive, as of the Second Period Payment Date, such Stockholder's Pro Rata Portion of an amount equal to (X) Incremental Revenue minus (Y) the sum of (1) the aggregate amount of the Contingent Retention Bonuses plus (2) the amount, if any, of the payment or accrual of any bonus (other than the Steberl Bonus as defined herein) to Mr. Steberl in 2001; provided, however, that such amount shall be subject to further reduction (but in no event to an amount less than zero) by an amount equal to the sum of (a) the estimated dollar amount of all Damages for which the ANSYS Indemnified Parties have made claims for indemnification pursuant to this Agreement on or before the Second Period Payment Date (to the extent not yet satisfied by the PMAC Indemnitors or secured by funds or ANSYS Common Stock retained in escrow on the Initial Period Payment Date in respect of such Damages) and (b) if EBITDA of the PMAC Group for 2001 is less than that set forth in the Budget Goals for 2001, the amount, if any, of the excess of Expenses for calendar year 2001 over the Expenses for 2001 set forth in the Budget Goals. Any payment due pursuant to such Contingent Payment Right shall be payable to such Stockholder as follows:

Related to Contingent Payment Rights

  • Contingent Right means a right under this Schedule 5 which is not a Firm Right and which is subject to the fulfilment of all competing Exercised Firm Rights and any additional contingency specified in this Schedule 5 (and which is identified in the Rights Table by the notation "Contingent" in the column headed "Special Terms"); "Contract Miles" has the meaning ascribed to it in Schedule 7;

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Earn-Out Payment has the meaning set forth in Section 2.05(a).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Earnout Payments shall have the meaning set forth in Section 2.2(b)(ii)(A) hereof.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Deferred Consideration shall have the meaning ascribed to such term in Section 4(d).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.