Fourth Earnout Payment definition

Fourth Earnout Payment has the meaning set forth in Section 3.1(b)(iv)(C).
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Fourth Earnout Payment means additional consideration in an amount equal to the lesser of (i) $*******, minus the aggregate amount (if any) paid to Seller in respect of the Earnout Payments, and (ii) the amount by which Purchaser’s ******** exceeds $****** after deduction of *****. The Fourth Earnout Payment shall be payable in cash and Common Stock, as follows: (i) cash in an amount equal to *********; and (ii) a number of shares of Common Stock equal to (x) *******, divided by (y) the then applicable Average Price.
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Fourth Earnout Payment shall equal 400,000 Earnout Shares, less any Earnout Shares previously issued.
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Examples of Fourth Earnout Payment in a sentence

  • The amount of additional capital to be contributed by THK to the Bonus Pool shall be (i) $150,000 upon the payment of the First Earnout Payment, (ii) $300,000 upon the payment of the Second Earnout Payment, (iii) $300,000 upon the payment of the Third Earnout Payment, and (iv) $300,000 upon the payment of the Fourth Earnout Payment.

  • Any amounts payable pursuant to this Section 1.5(g)(iii) (the “Fifth Earnout Payment”, and collectively with the First Earnout Payment, the Second Earnout Payment, the Third Earnout Payment and the Fourth Earnout Payment (in each case, if any), the “Earnout Amount”) shall be made within ten Business Days after the determination of the Final Quarterly EBITDA Statement for the applicable period in which such EBITDA threshold is met.

  • The Fourth Earnout Payment shall be paid as follows: (i) $2,700,000 of Deferred Cash Consideration, and (ii) Deferred Stock Consideration of THK Common Stock having an aggregate value of $3,000,000, such stock to be valued at the average closing price per share of THK Common Stock on the last thirty (30) trading days prior to the end of the last calendar quarter prior to such Earnout Payment.

  • The subsequent payment corresponding to the Fourth Year Period (the “Fourth Earnout Payment”), shall be the Fourth Earnout Payment for the Fourth Year Period, provided that the Fourth Year Achieved Revenue and the Minimum Gross Margin is greater than or equal to the Fourth 8 Initial ISH Initial YS Year Target Revenue and the Minimum Gross Margin.

  • For the avoidance of doubt, if the Revenue set forth on the Final Fourth Earnout Statement is less than $180,000,000, the Fourth Earnout Payment will be $0.

Related to Fourth Earnout Payment

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

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

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

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Earnout has the meaning set forth in Section 2.9(a).

  • Interim Payment has the meaning specified in Section 10.1.

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • Delta Payment means as it is described in this Agreement.

  • Net earned premium means the premiums earned in this State

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Earnout Period has the meaning specified in Section 2.03(a).

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

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

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

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Payment Amount as defined in Section 3.5.