First Cash Payment definition

First Cash Payment has the meaning specified in Section 1.3(a)(i).

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First Cash Payment has the meaning set forth in Section 2.3 of this Agreement.

First Cash Payment means $15,000,000.

Examples of First Cash Payment in a sentence

• Upon the Closing, Parent shall hold back from the First Cash Payment payable to the Company Members pursuant to Section 5(b)(ii) $200,000.00 (the “Expense Fund Amount”) and shall wire the Expense Fund Amount to the Representative.

• The Buyer covenants and agrees that it shall ensure and take all necessary steps to ensure that at Closing the Buyer will have sufficient funds on hand to pay the First Cash Payment in full.

• The First Cash Payment, Second Cash Payment, the issuance of the Shares, and the first $1,000,000 in Expenditures are, collectively, the “First Exercise Price”.

• At the same time as the delivery the Buyer and Parent of the First Cash Payment and the Stock Payment into escrow with ▇▇▇▇▇▇ ▇▇ ▇▇▇▇, Esquire, the Parent and Buyer shall also cause the Second Cash Payment to be delivered to and held in an interest bearing escrow account by ▇▇▇▇▇▇ ▇▇ ▇▇▇▇, Esquire, for the benefit of the Sellers, with such Second Cash Payment to be released by ▇▇▇▇▇▇ ▇▇ ▇▇▇▇, Esquire to the Sellers at the same time as the release of the payments in Stage 1 of the Contemplated transaction.

• Purchaser shall pay Seller the First Cash Payment on the First Payment Date and the Second Cash Payment on the Second Payment Date in accordance with Section 2.2.

• Until and unless such election is so communicated to Buyer and Parent by all the Sellers, this Agreement shall remain in full force and effect in all other respects and Buyer and Parent shall be obliged to make the First Cash Payment, the Second Cash Payment and the Third Cash Payment at the earliest possible time, subject to all other terms and conditions contained in this Agreement.

• PAC3 has (i) sufficient immediately available funds to pay, in cash, the First Cash Payment and Second Cash Payment and (ii) commercially reasonable expectations to meet its guarantor obligations under the SMHG Note.

• In addition to the foregoing, the Seller shall pay and deliver to Premier Gold Mines Limited on the Closing Date, or cause to be paid and delivered to Premier Gold Mines Limited on the Closing Date, the remainder of the First Cash Payment due and payable and the Consideration Shares due to Premier Gold Mines Limited under the Share Purchase Agreement at the closing of the Share Purchase Transaction.

• Network Imaging shall pay to CDRE interest payments on the aggregate principal amounts of the First Cash Payment, or part thereof, and the Second Cash Payment in the amount of eight percent (8%) per annum commencing on October 1, 1996 and continuing until such time as the date of the First Cash Payment, or part thereof, and the Second Cash Payment under Section 1 herein.

• Upon receipt of a copy of this letter signed by Petrolite Corporation we will wire transfer to your account the First Cash Payment of One Million Dollars ($1,000,000).

More Definitions of First Cash Payment

First Cash Payment has the meaning ascribed thereto in Section 3;

First Cash Payment has the meaning given to that term in the Share Purchase Agreement.

First Cash Payment shall have the meaning set forth in Section 2.2.

First Cash Payment means US$7 million minus the Off-Set Amount.

First Cash Payment has the meaning assigned to such term in the Acquisition Amendment;

First Cash Payment means US$7 million minus the Off-Set Amount. "FORCE MAJEURE EVENT" has the meaning given to it in Clause 8.4 of this Agreement. "GROUP" or "GROUP COMPANIES" means Sharp Edge, Sharp Edge WFOE, Xinrui and their respective Subsidiaries, if any, from time to time, and "GROUP COMPANY" means any one of them. "GROUP INTELLECTUAL PROPERTY" has the meaning given to it in Clause 6.19(a) of this Agreement. 4 <PAGE> "HONG KONG" means Hong Kong Special Administration of the PRC. "INDEMNIFIABLE LOSS" has the meaning given to it in Clause 14.10 of this Agreement. "INDEMNITEE" have the meaning given to it in Clause 14.10 of this Agreement. "INTELLECTUAL PROPERTY RIGHTS" means any and all international, domestic/local, or foreign patents, all patent rights and all applications thereof and all reissues, re-examinations, continuations, continuations-in-part, divisions, and patent term extensions thereof, inventions (whether patentable or not), discoveries, improvements, concepts, innovations, industrial models, registered and unregistered copyrights, copyright registrations and applications, author's rights, works of authorship (including artwork of any kind and software of all types in whatever medium, inclusive of computer programs, source code, object code and executable code, and related documentation), URLs, web sites, web pages and any part thereof, technical information, know-how, trade secrets, drawings, designs, design protocols, specifications for parts and devices, quality assurance and control procedures, design tools, manuals, research data concerning historic and current research and development efforts, including the results of successful and unsuccessful designs, databases and proprietary data, proprietary processes, proprietary rights, technology, engineering, discoveries, formulae, algorithms, operational procedures, trade names, trade dress, trademarks, domain names, service marks, mask works, and registrations and applications thereof, the goodwill of the business symbolized or represented by the foregoing, customer lists and other proprietary information and common law rights; "IP CONFIDENTIAL INFORMATION" has the meaning given to it in Clause 6.19