First Anniversary Payment definition

First Anniversary Payment means the payment of 25% of the amount of the Accepted Claim payable by Coalspur on or within two weeks of the First Anniversary Distribution Date to a General Unsecured Creditor who has made an Installment Distribution Election subject to satisfaction of the First Anniversary Condition;

First Anniversary Payment means an amount equal to seventy percent (70%) of the Net Revenue earned by Federated on the Transferred Assets attributable to Tracked Clients for the Fiscal Year beginning on the day after the First Closing Date.

First Anniversary Payment shall have the meaning set forth in Section 4.1.

Examples of First Anniversary Payment in a sentence

• We are currently in a dispute with the Bridg Stockholder Representative regarding the amount of the First Anniversary Payment.

• The Purchaser’s obligation with respect to the First Anniversary Payment shall not be cancelable or conditioned upon any performance, rights or obligations of any Party under this Agreement or the Contract Research Agreement.

• The Shareholders hereby appoint the Principal Shareholders as their representatives and agents (the "Shareholder Representatives") for all purposes --------------------------- related to the collection, receipt and disbursement of the Initial Payment, the First Anniversary Payment, and the Second Anniversary Payment.

• In the event that the First Anniversary Payment Date, the Disposition Payment Date or the Default Payment Date, as the case may be, shall not be a Business Day, then (notwithstanding any provision of this Agreement or the PRs to the contrary) payment on the PRs need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the required date.

• The Company and Clover agreed to amend the terms of the option agreement as follows:• Extend the date of payment of the First Anniversary Payment to December 31, 2020, and• Reduce the amount due under the First Anniversary Payment from US$30,000 to US$15,000.

More Definitions of First Anniversary Payment

First Anniversary Payment means an amount equal to sixty percent (60%) of the Net Revenue attributable to each Eligible Account for the Fiscal Year beginning on the day after the First Closing Date.

First Anniversary Payment has the meaning set forth in Section 203.

First Anniversary Payment is defined in Section 2.2(c).

First Anniversary Payment shall have the meaning provided in SECTION 3.6(C).

First Anniversary Payment shall be One Million Dollars ($1,000,000). Subject to SECTION 2.1.1(g), Suburban and Purchaser shall only deliver, and the Company shall only be entitled to receive, the First Anniversary Payment if and only if:

First Anniversary Payment shall have the meaning set forth in SECTION 2.1.1(b) of the Agreement.

First Anniversary Payment has the meaning given in clause 7.