Deferred Payment Notice definition
Examples of Deferred Payment Notice in a sentence
Any Deferred Payment Notice shall specify and include: (a) the gross amount of the payments owed, (b) the amount that Walgreens believes it will be unable to pay, (c) the accounting and audited financial documents upon which ▇▇▇▇▇▇▇▇▇ relied for making this determination, and (d) any other relevant information for the Enforcement Committee to consider.
Unless either Sellers’ Representative notifies Purchaser in writing within such thirty (30) day period of any good faith objection to any part of the Deferred Payment Notice, specifying in reasonable detail the items and amounts subject to such objection (the “Disputed Deferred Payment Items”), all parts of a Deferred Payment Notice to which no such objection shall have been so made shall be conclusive and binding on Main Sellers and Purchaser.
The Rehabilitator may announce his intention to make a Junior Deferred Payment by filing with the Court and posting on the Website a Junior Deferred Payment Notice if, based on an analysis of the estimated liabilities and available claims-paying resources of the Segregated Account, the Rehabilitator has determined, in his sole and absolute discretion, that such action is generally equitable to the interests of the Holders of Permitted Policy Claims and General Claims.
Any Deferred Payment Notice shall specify and include: (a) the gross amount of the payments owed, (b) the amount that the Settling Distributor believes it will be unable to pay, (c) the accounting and audited financial documents upon which the Settling Distributor relied for making this determination, and (d) any other relevant information for the TLC to consider.
For clarity, the amount of the Deferred Payment set forth in the Deferred Payment Notice with respect to the Deferred Equity Consideration shall be a dollar value that will then be used to calculate the number of shares of Buyer Common Stock to be issued to Sellers consistent with the definition of “Buyer Stock Price” hereunder.
Notwithstanding the foregoing, Purchaser shall not be required to prepare and deliver the 2015 Audited Financial Statements if the 2016 Deferred Payment Notice provides that Main Sellers are entitled to the maximum 2016 Conditional Deferred Payment.
For purposes of verifying the 2016 Deferred Payment Notice or the 2017 Deferred Payment Notice, as applicable, Purchaser shall promptly provide such access as the Sellers’ Representatives, their respective accountants or the Independent Accounting Firm may reasonably require, (i) to the books, records and accounts of the Company and its Subsidiaries, and (ii) to the personnel or accountants responsible for the finances and accounts of the Company and its Subsidiaries.
If Sellers have not given Buyer written notice of their objection to the calculation of the Deferred Payment as set forth in the Deferred Payment Notice by the Deferred Payment Date, then on the Deferred Payment Date, Buyer shall pay the Deferred Payment to the accounts of Sellers via wire transfer of immediately available funds.
The Sellers’ Representatives shall have thirty (30) days after the delivery of the 2016 Deferred Payment Notice or 2017 Deferred Payment Notice (each, a “Deferred Payment Notice”) during which to review such Deferred Payment Notice.
If a Settling Distributor has reason to believe that it will not be able to pay some or all of its allocable share of the Annual Payment for a Payment Year, it shall provide at least ninety (90) calendar days' prior written notice to the Settlement Fund Administrator and Enforcement Committee (a "Deferred Payment Notice").