Proceeds Allocation Schedule definition
Examples of Proceeds Allocation Schedule in a sentence
The Payment Agent shall draw upon the Equity Deposits as required from time to time in order to make the payments to the applicable Equityholders as specified in the Share Purchase Agreement and the Proceeds Allocation Schedule.
The Equity Consideration shall be held in a separate account in the name of the Payment Agent (including in its capacity as the 104H Trustee, if applicable) and shall be distributed to the applicable Equityholders in accordance with the Share Purchase Agreement, the Proceeds Allocation Schedule, the terms hereof and the provisions of the 104H Tax Ruling or the 104H Interim Ruling, as applicable.
The Proceeds Allocation Schedule (a) complies with Section 2.3(f), (b) complies and is in accordance with the Company’s Organizational Documents, the Company’s contractual obligations and applicable Laws, and (c) is otherwise accurate.
Any such amounts shall be held in separate accounts in the name of the Payment Agent and shall be distributed to the Equityholders in accordance with the Proceeds Allocation Schedule and the terms hereof.
Eligibility of each Seller to receive shares of Buyer Common Stock, as set forth in the Proceeds Allocation Schedule, shall be conditioned upon such Seller executing the written confirmation that it is a Qualified Shareholder as set forth on the signature page to this Agreement or in other form satisfactory to Buyer (the “Shareholder Confirmation”).
As soon as reasonably practicable following the Closing (but in no event more than five Business Days thereafter), the Payment Agent shall mail a Required Details Form to each Equityholder at the address set forth opposite each such Person’s name on the Proceeds Allocation Schedule.
Any such additional deposits shall be held in a separate account in the name of the Payment Agent and shall be distributed to the Equityholders in accordance with the Proceeds Allocation Schedule and the terms hereof.
The Proceeds Allocation Schedule may be updated from time to time as set forth in the Share Purchase Agreement, and the Seller Representative shall provide any such updated Payment Allocation Schedule to the Payment Agent (with a copy to the Buyer).
Any amounts payable to the Equity Waiver Participants pursuant to the terms of the Equity Waiver Agreements (the “Equity Waiver Payments”) shall be deducted from the Total Purchase Price and distributed to the Equity Waiver Participants in accordance with the Proceeds Allocation Schedule and the terms of Section 2.3, and Buyer and Parent shall have no responsibility for any Equity Waiver Payments other than in accordance with the terms of this Agreement.
The Proceeds Allocation Schedule is attached hereto as Exhibit A.