Second Additional Payment definition

Second Additional Payment means the amount (if any) calculated in accordance with Clause 6.2(a);
Sample 1Sample 2
Second Additional Payment shall have the meaning specified in Section 3.2(c).
Sample 1
Second Additional Payment means the second additional payment made by the Buyer to the Seller 1 in respect of the transfer of ownership over the Final Shares, in accordance with Appendix 2 and the other relevant provisions of this Agreement;
Sample 1

Examples of Second Additional Payment in a sentence

  • An additional payment of $250,000 for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2016 Royalty Report in the event the Second Additional Payment Condition is met.

  • If the Second Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2017 Royalty Year.

  • If the Second Additional Payment Condition is not met, no Additional Payment shall be due or payable in connection with the 2016 Royalty Year.

  • An additional payment of $250,000 for the Purchased Receivables shall be payable to Seller after receipt by the Purchaser of the Final 2017 Royalty Report in the event the Second Additional Payment Condition is met.

  • Notwithstanding any other provision of this Second Amendment or the Agreement, if the Additional Payment or the Second Additional Payment is not paid in accordance with the previous sentence, this Second Amendment shall become null and void and shall be treated by all parties hereto as if it had not been executed or delivered by any such party.

  • The payments due by Guyanor to Golden Star pursuant to the First Additional Payment Right and the Second Additional Payment Right shall be reduced by the Percentage Interest in the event that Grassalco or any other Government body exercises its right to acquire up to a 20% interest in the Property (the "PERCENTAGE INTEREST"), and with effect from the date of exercise of such right.

  • Subject to achievement of the Minimum Contribution during the Second Additional Period, the Second Additional Payment shall be paid in cash within ten (10) business days following the public release of RR Media’s financial results for the last fiscal quarter of the Second Additional Period.

  • As soon as any such Loss has been resolved, the Escrow Agent shall, if prior to the date the Second Additional Payment is earned, deposit into the Earn Out Escrow the remaining portion of the Escrow Fund not required to satisfy any other such unresolved Loss, and if after the date the Second Additional Payment is earned, deliver to the LLC the remaining portion of the Escrow Fund not required to satisfy any other such unresolved Loss.

  • Where B = the Second Additional Payment amount to be paid; Where A = the First Additional Payment amount; Where MP2 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the Second Testing Date; Where MP1 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the First Testing Date.

  • The aggregate purchase price for the Shares shall be an amount equal to the aggregate of (x) the Closing Payment, (y) the First Additional Payment, if any, and (z) the Second Additional Payment, if any, (collectively, the "Purchase Price"), payable in the manner and at the times provided in Sections 1.3 and 1.5. Notwithstanding the foregoing, the aggregate amount of the Purchase Price shall be not less than the Closing Payment Amount nor greater than 'L'13.5 million.


More Definitions of Second Additional Payment

Second Additional Payment means an amount (in pounds sterling) equal to (Achieved EBITDA less the Target Excess) x 0.6778;
Sample 1
Second Additional Payment means an amount equal to the result obtained by subtracting (a) the product of the 2000 Average EBT times seven, minus (b) 'L'4.75 million and the First Additional Payment, if any. Notwithstanding the foregoing, if such result equals a negative number then the "Second Additional Payment" shall be equal to zero.
Sample 1
Second Additional Payment means a fee equal to (A) $17,500,000 minus (B) the amount of the First Additional Payment (if any) actually paid to the Company pursuant to Section 5.14(a).
Sample 1

Related to Second Additional Payment

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Delta Payment means as it is described in this Agreement.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • NOx Allowance means an authorization to emit a specified amount of NOx that is allocated or issued under an emissions trading or marketable permit program of any kind that has been established under the Clean Air Act or a state implementation plan.

  • Preferred Allowance means the amount a Preferred Provider will accept as payment in full for Covered Medical Expenses.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • SO2 Allowance means “allowance” as defined at 42 U.S.C. § 7651a(3): “an authorization, allocated to an affected unit by the Administrator of EPA under Subchapter IV of the Act, to emit, during or after a specified calendar year, one ton of sulfur dioxide.”

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Sublease Payment means any payment required to be made by the District pursuant to Article 7 of this Sublease.

  • Final Payment Certificate means the payment certificate issued under Sub-Clause 14.13 [Issue of Final Payment Certificate].

  • Maximum Applied Water Allowance (MAWA) means the upper limit of annual applied water for the established landscaped area as specified in Section 492.4. It is based upon the area's reference evapotranspiration, the ET Adjustment Factor, and the size of the landscape area. The Estimated Total Water Use shall not exceed the Maximum Applied Water Allowance. Special Landscape Areas, including recreation areas, areas permanently and solely dedicated to edible plants such as orchards and vegetable gardens, and areas irrigated with recycled water are subject to the MAWA with an ETAF not to exceed 1.0. MAWA = (ETo) (0.62) [(ETAF x LA) + ((1-ETAF) x SLA)]

  • Monthly Payment Advance means, with respect to any 20[•]-[•] Lease and any Collection Period, an amount equal to the difference between the Monthly Payment due and the Lessee Partial Monthly Payment.