First Cash Payment definition

First Cash Payment shall have the meaning specified in Section 1.1(a).
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First Cash Payment is defined in Section 2.1(a) of the Agreement
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First Cash Payment has the meaning given to that term in the Share Purchase Agreement.
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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 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”.

  • 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.

  • Two hundred fifty thousand U.S. Dollars ($250,000) payable on or before June 30, 2014 (the “Second Cash Payment,” together with the First Cash Payment, the “Cash Closing Consideration”); provided, that, if the Second Cash payment is not paid to Seller on or before June 30, 2014, then the amount of the Second Cash Payment shall be increased from two hundred fifty thousand U.S. Dollars ($250,000) to three hundred thousand U.S. Dollars ($300,000).

  • We would like, however, to proceed with the payment of the First Cash Payment under the Fourth Amendment of One Million Dollars ($1,000,000).

  • In the event of the death or disability of Grantee, the Cash Payments shall both be made, or if the First Cash Payment has already been made, the Second Cash Payment shall be made, no later than the 15th day following the date of death or disability.

  • If no cure is achieved within this time, or if Executive engages in the same Breach a second time after once having been given the opportunity to cure, Company may terminate this Agreement immediately by written notice to Executive.

  • Subject to all other terms and conditions of this Agreement, if Buyer or Parent fails to make the First Cash Payment, the Second Cash Payment or the Third Cash Payment as required by this Agreement, the Sellers collectively shall have the right to elect to terminate this Agreement as provided in Section 13(d).

  • In the event that Loudeye fails to pay the First Cash Payment and/or the Second Cash Payment to any Former OD2 Shareholder when the same is due, then Loudeye agrees to pay to that Former OD2 Shareholder an amount per month equal to 1% of the amount of the unpaid portion of the relevant Cash Payment until such time as that Cash Payment is actually paid, which amount shall be pro-rated for partial months.

  • To the extent such costs have been deducted from the First Cash Payment, PETsMART shall promptly reimburse the Principals for such costs upon submission of appropriate documentation by the Shareholders' Representative.


More Definitions of First Cash Payment

First Cash Payment shall have the meaning set forth in Section 2.2.
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First Cash Payment means US$7 million minus the Off-Set Amount.
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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
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First Cash Payment has the meaning assigned to such term in the Acquisition Amendment;
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First Cash Payment means $15,000,000.
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First Cash Payment has the meaning ascribed thereto in Section 3;
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Related to First Cash Payment

  • Cash Payment has the meaning set forth in Section 2.02(a).

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Borrower or a Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-Cash Consideration.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Aggregate Cash Consideration has the meaning set forth in Section 3.01(b)(ii).

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

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

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Cash Amount means an amount of cash equal to the product of (i) the Value of a REIT Share and (ii) the REIT Shares Amount determined as of the applicable Valuation Date.

  • Designated Non-Cash Consideration means the fair market value of non-cash consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, executed by the principal financial officer of the Company, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.

  • Company Cash means all cash on hand or on deposit to the credit of the Company on the Closing Date;

  • Petty Cash means a relatively small amount of cash kept at hand for making immediate payment for miscellaneous small expenses incurred the municipality.

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

  • Per Share Cash Amount for purposes of this Section 2(b) means an amount equal to the sum of (I) the average of the closing price of the Common Stock for the 20 trading days immediately preceding the date of the Change in Control and (II) any cash dividend payable on a share of Common Stock during the 20 trading-day period described in the foregoing.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Performing Cash Pay High Yield Securities means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Earnout Consideration has the meaning specified in Section 2.05(a).

  • Earn-Out Consideration has the meaning set forth in Section 2.08(a)(i).