Earn Out Advances definition

Earn Out Advances shall have the meaning set forth in Section 2.12.2 hereof.
Earn Out Advances means advance of the Loan as set forth in Article 24 herein.
Earn Out Advances shall have the meaning set forth in Section 2.12.2 hereof. “Event of Default” shall have the meaning set forth in Section 8.1(a) hereof. “Final Advance” shall have the meaning set forth in Section 2.12.1 hereof. “Final Building Loan Advance” shall mean the Final Advance as defined in Section 2.12.1 of the Building Loan Agreement. 2

Examples of Earn Out Advances in a sentence

  • Notwithstanding anything to the contrary provided for herein, the Earn Out Advances shall be reduced, pro rata, but not below $0.00, if and to the extent necessary for the Required Ratios at Completion to be achieved following the Final Advances.

  • In addition, if the Required Ratios at Completion cannot be achieved even if the Earn Out Advances are reduced to $0.00, Lender shall have the right, but not the obligation, to apply any deposits held by Lender pursuant to the Rate Lock Agreement and any Interest Reserve Funds to the payment of the Building Loan and the Project Loan in such order and priority as Lender shall determine in its sole discretion.

  • To the extent that Purchaser does not make a payment of any portion of the Earn Out Advances or Earn Out Amount (except as provided otherwise with respect to any Disputed Amount in Section 2) on the required payment date, such unpaid amount shall bear interest at the Past Due Rate from and after the required payment date to the date on which such unpaid amount (or a portion thereof) is paid.

  • If the Three Year Average EBITDA is equal to or greater than $7,500,000, then the Earn Out Amount shall be equal to $5,412,000 (plus any Earn Out Advances not yet paid).

  • In addition, Compost shall refund to Purchaser an amount equal to the total Earn Out Advances paid by Purchaser (the "Total Earnout Advances") within ten (10) business days following the Earn Out Payment Date.

  • If the Required Ratios at Completion cannot be achieved even if the Earn Out Advances are reduced to $0.00 and the deposits, if any under the Rate Lock Agreement and the Interest Reserve Funds are applied to the payment of the Loan, Borrower shall deposit with Lender Cash or a Letter of Credit satisfactory to Lender in an amount equal to the amount which, if used to pay down the Loan, would result in Stabilized Loan-to-Value Ratio of 75%.

  • Lender’s obligation to make Earn Out Advances after the date hereof is subject to Borrower’s request and the applicable terms, conditions and limitations set forth in this Note.

  • In the third Earn Out Year, the Earn Out Advances, if any, shall be as computed as provided in Section 4 below.

Related to Earn Out Advances

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Earn Out Obligations means, with respect to an Acquisition, all obligations of the Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to the documentation relating to such Acquisition. For purposes of determining the aggregate consideration paid for an Acquisition at the time of such Acquisition, the amount of any Earn Out Obligations shall be deemed to be the maximum amount of the earn-out payments in respect thereof as specified in the documents relating to such Acquisition. For purposes of determining the amount of any Earn Out Obligations to be included in the definition of Funded Indebtedness, the amount of Earn Out Obligations shall be deemed to be the aggregate liability in respect thereof, as determined in accordance with GAAP.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Outstanding Interest Advances means, as of the last day of a Collection Period with respect to a Receivable, the portion of Outstanding Advances allocable to interest.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Cash Advances These are from cash advances and cash equivalent transactions you make with your account. “Special Offers” These are from your use of the account to take advantage of special, introductory, or promotional offers we make available to you at times. Each such transaction may be kept track of separately on your statement and may be treated as its own Balance Category. “Eligible Purchases” These are from purchases of goods and services you make with your account (a) at certain merchants or of specified types listed in the Schedule; and (b) in which a single or multiple items are purchased in the same transaction totaling certain amounts as listed in the Schedule. Each Eligible Purchase may be kept track of separately on your statement and may be treated as its own Balance Category. Eligible Purchase(s) may also be referenced and abbreviated as “Elig Purch” in some locations in the Schedule.

  • Earn-Outs means unsecured liabilities of a Loan Party arising under an agreement to make any deferred payment as a part of the Purchase Price for a Permitted Acquisition, including performance bonuses or consulting payments in any related services, employment or similar agreement, in an amount that is subject to or contingent upon the revenues, income, cash flow or profits (or the like) of the target of such Permitted Acquisition.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Simple Interest Advance means, with respect to a Simple Interest Receivable, the amount, as of the last day of a Collection Period, which is advanced with respect to such Simple Interest Receivable by the Servicer pursuant to Section 4.4(a) of the Sale and Servicing Agreement.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Earn-Out means any bona fide contingent obligation to make “earn-out” payments to one or more prior owners of any Person, business or division, the capital stock of which, or all or substantially all of the assets of which, have been acquired by the Borrower or any of its Subsidiaries, which “earn-out” payment obligation is contingent upon, or varies in amount based upon, the performance of the Person or of the assets so acquired, as such performance is measured by one or more financial, business or other performance criteria.