First Installment Payment definition

First Installment Payment has the meaning set forth in Section 2.6(d).

First Installment Payment has the meaning set forth in Section 3.1(a)(i).

First Installment Payment has the meaning given to that term in Section 3.06(c).

Examples of First Installment Payment in a sentence

• Upon consummation of the Senior Debt Facility and simultaneous with the payment of the First Installment Payment, Skyview hereby agrees to subordinate, in a manner deemed acceptable by the Senior Lender, its lien and security interest on the assets of Mimio and to enter into an intercreditor and subordination agreement with the Senior Lender in form and substance acceptable to the Senior Lender (the “Subordination Agreement”).

• If the amount of any such expenses, taxes and assessments for the year or period in which the Closing occurs are not yet known or fixed, the most recent amount of such expenses, charges, taxes and assessments shall be used for such proration and either party shall be entitled to a post-Closing adjustment when the actual amount is finally determined, which adjustment shall be reflected in the First Installment Payment.

• In the event that the difference between the Net Asset Value on Closing and the Purchaser Closing Balance Sheet Net Asset Value (the “True Up Amount”) is greater than zero, then the True-Up Amount shall be deducted from the First Installment or in the event the True Up Amount is greater than the First Installment, such True Up Amount shall be paid by the Sellers to the Purchaser on the First Installment Payment Date.

• The representations and warranties contained in this Agreement shall survive the Closing and shall terminate at the close of business on the date for payment of the First Installment Payment.

• The Parties agree that Article 2.1(B)(1) of the PSA shall be amended to extend the deadline for the First Installment Payment to August 31, 2011.

More Definitions of First Installment Payment

First Installment Payment means an aggregate amount equal to (v) Three Million Two Hundred Fifty Thousand Dollars ($3,250,000) minus (w) the total amount payable for claims made (or reserved for claims made, including disputed claims) pursuant to Section 9.1 in the First Year, and either minus (x) the Final Net Working Capital Adjustment (if such adjustment is in the favor of the Parent) or plus (y) the Final Net Working Capital Adjustment (if such adjustment is in the favor of the Shareholders), minus (z) the First Installment Preferred Consideration multiplied by the Preferred Share Amount.

First Installment Payment shall have the meaning set forth in Section 1.8(c)(iv).

First Installment Payment has the meaning set forth in Section VI(D).

First Installment Payment has the meaning given to such term in the Purchase Agreement.

First Installment Payment shall have the meaning set forth in Section 2.3.

First Installment Payment means the payment on the Promissory Note made by Borrower or Borrower's Assigns to the Lender on or before April 30, 2004, in an amount which is greater than or equal to $437,500.00"

First Installment Payment has the meaning specified in Sections 1.1 and 1.2 hereof.