Incremental Payments definition
Examples of Incremental Payments in a sentence
The Incremental Payments shall be calculated as [the quantity of capsules of Product packaged as Trade minus the quantity of capsules lost or destroyed during packaging] multiplied by the difference between Trade and Sample price(s) for each dosage strength as defined in Article 7.1(a).
This agreement may be referred to as the Tasmanian Government Departments (State Incremental Payments Scheme) Agreement, 1971.
Eurand will receive Incremental Payments (as defined below) due for Product packaged as Trade as defined in Trade & Sample Report in Section 7.2(b) concurrent with the issuance of the Trade & Sample Report.
If an event described in Section 3.3(c) shall occur, Ditech, at its sole option, may accelerate the payment of the Incremental Payments by giving thirty (30) days prior written notice of the determination to accelerate the payment of the Incremental Payments.
In the event that the Financial Statements are not delivered to Purchaser on or before the Delivery Date, Purchaser shall be entitled, in its sole discretion, to rescind the Transaction, in which event (i) the Milestone Payment and any Guaranteed Payments and Incremental Payments made prior to such rescission will be forthwith due and repayable by Corporation to Purchaser.
No Incremental Payment shall be made with respect to Incremental Revenue upon which a previous Incremental Payment had been made (and thus, a maximum of $10,000,000 in the aggregate of Incremental Payments may be made) Incremental Payments will only be made for each [*] dollar Incremental Revenue threshold reached.
The election to convert must be made by Simulscribe within five (5) business days after the later of the Incremental Payments Calculation Date to which the Incremental Payment relates and the date upon which the Independent Auditor (as defined in Section 3.2(b) hereof) resolves any dispute with respect to such Incremental Payment.
Simulscribe shall then give notice, within twenty (20) days following such notice given by Ditech, whether it elects to receive the Incremental Payments in cash or Ditech Stock.
Subject to Section 3.3, if Incremental Revenue of $[*] is exceeded, up to $5,000,000 of unpaid Incremental Payments may, at Simulscribe’s option, be converted into shares of Ditech Stock at $4.00 per share of Ditech Stock.
The payment of the Incremental Payments, whether in cash or Ditech Stock, shall be made immediately prior to the event described in Section 3.3(c).