First Payment Amount definition

First Payment Amount means: (i) in the event that the Closing Date Appraised Value is equal to or greater than the Target Value, the First Payment Amount shall be an amount equal to $1,023,669.60; (ii) in the event that the Closing Date Appraised Value is less than the Target Value but greater than the Threshold Value, the First Payment Amount shall be equal to the Closing Date Appraised Value less the Threshold Value; (iii) in the event that the Closing Date Appraised Value is less than the Threshold Value, the First Payment Amount shall be equal to zero.
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First Payment Amount has the meaning set forth in Section 2.6(a).
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First Payment Amount means US$165,764,709, which is equal to the present value of US$200 million payable on February 1, 2011 calculated as of February 12, 2009 applying a discount rate of 10% per annum;
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Examples of First Payment Amount in a sentence

  • Purchaser shall pay the Purchase Price in two installments, with the First Payment Amount due and payable to Seller on the First Payment Date, and the Second Payment Amount due and payable to Seller on the Second Payment Date.

  • If Purchaser fails to timely pay the First Payment Amount on the First Payment Date (upon satisfaction or waiver of the First Payment Conditions Precedent), then Seller may immediately terminate this Agreement without any liability to either Party.


More Definitions of First Payment Amount

First Payment Amount means an amount no less than eleven million and nine hundred thousand Dollars (US$11,900,000) paid by Thermo to the Interim Escrow Account and which will be:
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First Payment Amount means $400,000,000.
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First Payment Amount means $336,000,000.
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First Payment Amount means USD 34,076,274.63.
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Related to First Payment Amount

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Closing Payment Amount has the meaning set forth in Section 3.02(b).

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

  • Monthly Redemption Amount means, as to a Monthly Redemption, $______, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Debenture.