Examples of Final CVR Payment in a sentence
On the Final CVR Payment date, Parent shall deliver to the CVR Agent and cause the CVR Agent to deliver to the Holders, pro rata as to their CVR holdings, the amount remaining in the CVR Escrow, provided however that no payment will be made if the balance of the CVR Escrow is less than $300,000.
Any Escrow Assets that remain undistributed to the CVR Holders one (1) year after the Final CVR Payment Date shall be delivered to the Company and the Company shall be permitted to direct the Escrow Agent to deliver such Escrow Assets to the Company, and upon demand, any CVR Holders who have not theretofore received cash in exchange for such CVRs shall thereafter look only to the Company for payment of their claim therefor.