Earnout Obligation an obligation to pay the seller in an acquisition a future payment that is contingent upon the financial performance of the business acquired in such acquisition exceeding a specified benchmark level and that becomes payable when such excess financial performance is achieved.
Earnout Obligation means those contingent obligations of a Restricted Subsidiary incurred in favor of a seller (or other third party entitled thereto) under or with respect to any Permitted Acquisition.
Earnout Obligation means, with respect to any Person, any earn-out, purchase price adjustment or similar obligation incurred by such Person in connection with any Acquisition (in each case, valued at the maximum potential amount thereof).
Examples of Earnout Obligation in a sentence
ClearBlue has reserved 132,634 shares of NaviSite common stock to satisfy, if required, the Earnout Obligation.
The Parties acknowledge that the Earn-out Obligation shall accrue no interest from the Closing Date to the due date specified above.
To the extent, ClearBlue is not required to satisfy the Earnout Obligation or the number of shares reserved by ClearBlue is greater than the number of shares issued in satisfaction of the Earnout Obligation, ClearBlue will issue to Martin prior to ClearBlue's dissolution .75% of such shares.
The Parent and the Buyer shall, at their sole discretion, be entitled to pay the Earn-out Obligation to the Company before the Earn-out Period has expired if either the Parent or the Buyer wish to be released from the obligations set forth above.
This study does not clearly separate the differences between the needs and requirements of the three investigated industries wholesale and distribution, discrete manufacturing and spare parts.
More Definitions of Earnout Obligation
Earnout Obligation means those contingent obligations of the Parent or any Restricted Subsidiary incurred in favor of a seller (or other third party entitled thereto) under or with respect to any Permitted Acquisition.
Earnout Obligation means a contingent obligation to make a cash payment to a non-Affiliate Person based upon the future earnings or performance of an acquired business.
Earnout Obligation means all obligations of Seller to make the Earnout Payment (as defined in the Merger Agreement) under the Merger Agreement, including but not limited to pursuant to Section 2.7 of the Merger Agreement to the Effective Time Holders (as defined in the Merger Agreement).
Earnout Obligation means, with respect to any Person, any earn-out, purchase price adjustment or similar obligation incurred by such Person in connection with any Acquisition (in each case, valued at the maximum potential amount thereof). “Effective Date” has the meaning specified therefor in Section 5.01. “Employee Plan” means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to. “Environmental Claim” means any complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter or other communication from any Person or Governmental Authority involving any alleged or actual (a) violation of or liability under any Environmental Law; or (b) manufacture, use, handling, generation, transportation, storage, treatment, Release, threatened Release or disposal or exposure to any Hazardous Materials. “Environmental Law” means any Requirement of Law relating to or concerning (i) the protection of the environment, natural resources, human health or safety, or (ii) the manufacture, use, handling, generation, transportation, storage, treatment, Release, threatened Release, presence or disposal of or exposure to any Hazardous Material. “Environmental Liability” means all liabilities (contingent or otherwise, known or unknown), monetary obligations, losses (including monies paid in settlement), damages, natural resource damages, costs and expenses (including all reasonable fees, costs, client charges and expenses of counsel, experts and consultants), fines, penalties, sanctions and interest arising directly or indirectly as a result of or based upon (a) any Environmental Claim; (b) any actual, alleged or threatened non-compliance with Environmental Law or Environmental Permit; (c) any actual, alleged or threatened Release of or exposure to Hazardous Materials; (d) any Remedial Action; (f) any environmental condition; or (g) any contract, agreement, or other arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liability. “Environmental Permit” means any permit, license, authorization, approval, registration or entitlement required by or issued pursuant to any Environm...
Earnout Obligation has the meaning set forth in the definition of “Indebtedness” herein.
Earnout Obligation means the additional consideration not to exceed $7,000,000 to be paid by Apio to Sellers upon the satisfaction of certain terms and conditions set forth in Section 2.4 of the Purchase Agreement.
Earnout Obligation means the earnout obligation of the Borrower with respect to Alfa Lighting, Inc., such earnout obligation not to exceed $4,000,000.