Incremental Earn Out Amount definition
Incremental Earn Out Amount means on any Measurement Date following the date that the Initial Earn Out Amount is earned, an amount equal to the product of (a) $1,670,000, MULTIPLIED BY (b) the Incremental Return on such Measurement Date, if positive; PROVIDED, THAT in no event shall such amount (together with the Initial Earn Out Amount and any Incremental Earn Out Amounts earned during any prior Measurement Period) be greater than $10,000,000 in the aggregate.
Incremental Earn Out Amount means, as of any Testing Date, an amount equal to (i) five hundred million dollars ($500,000,000) multiplied by the quotient (which shall not be greater than one) equal to (A) the amount of Qualifying New Capital raised as of such Testing Date minus twenty five billion dollars ($25,000,000,000) divided by (B) fifteen billion dollars ($15,000,000,000), minus (ii) the sum of all Incremental Earn-Out Amounts paid prior to such Testing Date (the amount of (i) minus (ii), the “Base Incremental Earn-Out Amount”), minus (iii) the Resignation Event Adjustment Amount, if any, minus (iv) the Replacement Compensation Amount, if any.
Examples of Incremental Earn Out Amount in a sentence
Make any payments pursuant to the Acquisition Agreement with respect to the Initial Earn Out Amount or the Incremental Earn Out Amount (each as defined in the Acquisition Agreement), unless such payments are funded solely out of Restricted Payments made to the Borrower by the Connections Academy, Inc.