Purchase Price Formula definition

Purchase Price Formula means an amount equal to the sum of (i) 4.5 times the TTM Period Continuing Royalties generated by each Seller, plus (ii) 4.5 times the TTM Period Product Formulation Royalties generated by each Seller, plus (iii) 2.0 times the TTM Period Initial Franchise Fees generated by each Seller, minus (iv) two hundred thousand dollars ($200,000).
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Purchase Price Formula has the meaning set forth in Section 2.02.
Sample 1
Purchase Price Formula has the meaning set forth in Section 6.2(b).
Sample 1

Examples of Purchase Price Formula in a sentence

  • A Purchase Date shall automatically occur immediately prior to the effective date of any Change in Control, and each purchase right outstanding at that time shall thereupon be exercised by applying the payroll deductions of each Participant for the Purchase Interval in which such Change in Control occurs to the purchase of whole shares of Common Stock at the purchase price per share in effect for that Purchase Internal pursuant to the Purchase Price Formula provisions of Article VII.

  • The Tung Lok Representatives shall inform the Audit Committee of any adjustments to the Purchase Price Formula or the adoption of any new Purchase Price Formula.

  • The Buyer must pay the Seller the Purchase Price which includes a Fat Payment and a Protein Payment calculated in accordance with the Purchase Price Formula.

  • If, on the Closing Date (as extended if elected by Seller), the Purchase Price as determined by application of the Purchase Price Formula is less than $22,300,000,00, this Agreement shall be canceled, the Xxxxxxx Money Deposit shall be returned or refunded to Buyer and except for the indemnity provisions set forth in this Agreement, neither Seller nor Buyer shall have any further liability or obligation under this Agreement.

  • The Final Purchase Price shall be determined using the Purchase Price Formula and in the same manner as the Estimated Purchase Price was determined.

  • Any subsequent adjustment to the Purchase Price Formula or the adoption of any new purchase price formulas shall be approved by the Tung Lok Representatives in the T&T Committee prior to making any purchases from T&T.

  • The purchase price with respect to each property for which the Company gives an Option Notice to The Legends Group shall be determined according to the Negotiated Purchase Price Formula for the subject property.

  • In the event that the Target Purchase Price has not been achieved by November 1, 2003, but a Purchase Price by such date equal to or greater than $25,365,137.42 as determined by the Purchase Price Formula (the "Minimum Closing Purchase Price") has been achieved, then a Closing shall occur.

  • Termination of the Extended Use Period will occur only if the Taxpayer notifies the LHC in writing that the Actual Sale Closing Date exceeds a Reasonable Period of Time and the LHC hasdetermined that the failure to Actual Sale Closing Date was without fault or delay by the Taxpayer.GLOSSARY Actual Sale Closing Date: The date that title to the LIHTC Property transfers from the Taxpayer to the Qualified Purchaser in accordance with the Qualified Contract Purchase Price Formula.

  • At least two (2) comparable quotations from unrelated third parties for items similar to those listed on the Purchase List Items, at similar quantities will be obtained at least half-yearly for comparison with the quotations from T&T based on the Purchase Price Formula.

Related to Purchase Price Formula

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Purchase Price has the meaning set forth in Section 2.2.