Level 2 Earnout Consideration definition

Level 2 Earnout Consideration means the second tranche of issuance of the Earnout Shares based on $35,000,000 worth of shares once the Surviving Company achieves $42,800,000 in revenue.
Sample 1Sample 2
Level 2 Earnout Consideration has the meaning set forth in Section 1.1(b) of the Company Disclosure Schedule.
Sample 1
Level 2 Earnout Consideration means a number of shares of SPAC Class A Common Stock equal to the product of (i) Two Million (2,000,000) shares of SPAC Class A Common Stock (which shall be equitably adjusted for stock splits, reverse stock splits, stock dividends, reorganizations, recapitalizations, reclassifications, combination, exchange of shares or other like change or transaction with respect to SPAC Class A Common Stock occurring on or after the Closing), multiplied by (ii) the Earnout Shares Allocation Ratio.
Sample 1

Examples of Level 2 Earnout Consideration in a sentence

  • Each certificate formerly representing Company Units shall thereafter represent only the right to receive the holder’s pro rata share of the Closing Share Consideration as well as a contingent right to receive its pro rata share of the Level 1 Earnout Consideration and the Level 2 Earnout Consideration.

  • At the Second Effective Time, all of the issued and outstanding Company Units shall be converted automatically into shares of Pubco Common Stock equal to the Closing Share Consideration as well as the contingent right to receive the Level 1 Earnout Consideration and the Level 2 Earnout Consideration, following which, all Company Units shall cease to be outstanding and shall automatically be canceled and shall cease to exist.

Related to Level 2 Earnout Consideration

  • Earnout Consideration has the meaning specified in Section 2.08(a).

  • Contract Consideration has the meaning set forth in the definition of “Excess Cash Flow.”

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

  • Cash Amount means an amount of cash per Partnership Unit equal to the value of one share of Common Stock as determined under the applicable Exchange Rights Agreement on the Valuation Date of the Common Stock Amount.

  • Designated Non-Cash Consideration means the Fair Market Value of non-cash consideration received by the Issuer or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration.