First Additional Payment definition

First Additional Payment shall have the meaning set forth in Section 3.1(a)(iii).
Sample 1
First Additional Payment means an amount (in pounds sterling) equal to 1.1854 x the Excess EBITDA;
Sample 1
First Additional Payment means an amount equal to the result obtained by subtracting (a) the product of the 1999 Average EBT times seven, minus (b) 'L'4.75 million. Notwithstanding the foregoing, if such result equals a negative number then the "First Additional Payment" shall be equal to zero.
Sample 1

Examples of First Additional Payment in a sentence

  • If the First Additional Payment Condition is not met, no Additional Payment shall be clue or payable in connection with the 2015 Royalty Year.

  • An additional payment of $250,000 (together with the additional payment described in Section 2.1(b)(iii) below, individually and collectively referred to herein as an “Additional Payment”) for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 Royalty Report in the event the First Additional Payment Condition is met.

  • If the First Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 Royalty Year.

  • An additional payment of $250,000 (together with the additional payment described in Section 2.1(b)(iii) below, individually and collectively referred to herein as an “Additional Payment”) for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2015 Royalty Report in the event the First Additional Payment Condition is met.

  • Where B = the Second Additional Payment amount to be paid; Where A = the First Additional Payment amount; Where MP2 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the Second Testing Date; Where MP1 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the First Testing Date.

  • If the First Additional Payment is greater than zero, then Purchaser shall, within 10 days following the date the determination of the 1999 Average EBT becomes final and binding on Shareholders and Purchaser (the "1999 Closing Date"), pay in the manner set forth in paragraph (c) of this Section 1.5, subject to the limitations of the last sentence of Section 1.2, such Shareholder's pro rata share of the First Additional Payment.

  • This was mainly due to an increase of¥ 55,048 million in trade receivables and contract assets and ¥ 70,501 million in inventories.Non-current assets amounted to ¥ 645,205 million, an increase of 7.1%, or ¥ 42,516 million, from the previous fiscal year-end.

  • The Earn Out Escrow shall be governed by the terms of the Earn Out Escrow Agreement in the form attached hereto as Exhibit L (the “Earn Out Escrow Agreement”) and, subject to ARTICLE IX, the amount of the Earn Out Escrow traceable to the First Additional Payment and the Second Additional Payment shall be released from the Earn Out Escrow upon the occurrence of the Earn Out Milestone applicable to each such payment.

  • For clarity, this Section 4.7(a) shall operate only once, on the First Additional Payment Trigger Date, and any subsequent calculations pursuant to this Section 4.7 shall be carried out pursuant to Sections 4.7(b), (c), (d) or (e), as applicable.

  • Where A = the First Additional Payment amount to be paid; Where MP1 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the First Testing Date; Where EP = Exercise Price; and Where O = number of Options granted.


More Definitions of First Additional Payment

First Additional Payment means the amount (if any) calculated in accordance with Clause 6.1;
Sample 1
First Additional Payment means the first additional payment made by the Buyer to the Seller 1 in respect of the transfer of ownership over the Subsequent Shares, in accordance with Appendix 1 and the other provisions of this Agreement;
Sample 1

Related to First Additional Payment

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Delta Payment means as it is described in this Agreement.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Additional Consideration has the meaning set forth in Section 3.2.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Amount means $1,000,000.

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

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Maximum Potential Additional Dividend Liability, as of any Valuation Date, means the aggregate amount of Additional Dividends that would be due if the Corporation were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Corporation, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Additional Dividends are fully taxable.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

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

  • Final Payment Certificate means the payment certificate issued under Sub-Clause 14.13 [Issue of Final Payment Certificate].