Quarterly Payments definition
Examples of Quarterly Payments in a sentence
The right of each Seller to receive any payment hereunder (including the Quarterly Payments and the Contingent Payment if and when such becomes payable under Section 2.8) (a) shall not be evidenced by a certificate or other instrument, (b) does not represent any right other than the right to receive the consideration set forth in Sections 2.2 and 2.8, and (c) shall not be sold, assigned, transferred, pledged, encumbered or in any other manner transferred or disposed of, in whole or in part by any Seller.
Notwithstanding anything to the contrary contained herein, Purchaser shall have the right (but not an obligation), in its sole discretion and option, to make (a) any and all of the Quarterly Payments before the applicable Quarterly Payment Date(s), (b) the TJBio Payment before receipt and collection of the TJBio Milestone Payment, and (c) the Earnout Payment before the Earnout Condition is achieved.