Examples of Deferred Cash Payment in a sentence
To the extent allowed under applicable Law, the rights of Seller to the Deferred Cash Payment and the Indemnity Escrow Shares shall be treated as deferred contingent purchase price eligible for installment sale treatment under Section 453 of the Code and any corresponding provision of state, local or non-U.S. applicable Law, as appropriate.
The Deferred Cash Payment, if any, will be made on the later of (i) the date(s) that payment(s) would be made in the Change of Control to holders of Common Stock generally or (ii) subject to the Executive’s continued employment with the Company on each applicable vesting date, in accordance with the vesting schedule applicable to the Option as of the Change of Control, including the accelerated vesting provisions set forth in Sections 5(b)-(d), 8(d)(5) and 8(e) of this Agreement.
By the deadline to be established by the Court, the Settlement Administrator shall file a summary of the returned Settlement Response Forms in the Chapter 11 Case, setting forth the numbers of the CustomerClass Members who elected the Credit Option, Coupon Option, and Deferred Cash Payment Option.
For the avoidance of doubt, the Debtors’ rights other than the Potential MDT II Chapter 5 Causes of Action shall be fully preserved under the MDT II Documents and the Revised Deferred Cash Payment Terms.Additionally, the Debtors shall comply with any non-monetary obligations under the MDT II Agreement and Amended Cooperation Agreement during the pendency of the Chapter 11 Cases.
The amount of the Deferred Cash Payment shall not bear interest and the Company's obligation to pay the Deferred Cash Payment shall not be secured by any asset of the Company.