Second Additional Payment definition

Second Additional Payment means the amount (if any) calculated in accordance with Clause 6.2(a);

Second Additional Payment shall have the meaning specified in Section 3.2(c).

Second Additional Payment has the meaning set forth in Section 5.5(a).

Examples of Second Additional Payment in a sentence

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

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

• 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.

• 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.

• In the event a Management Shareholder is terminated for cause, as defined in such Management Shareholder's employment agreement, or a Participating Shareholder voluntarily terminates his employment with the Company prior to December 31, 1999 in the case of the First Additional Payment or December 31, 2000 in the case of the Second Additional Payment, such Participating Shareholder shall not participate in any such Payment made after the date of such termination.

• This was mainly due to an increase of¥ 55,048 million in trade receivables and contract assets and ¥ 70,501 million in inventories.Non-current assets amounted to ¥ 645,205 million, an increase of 7.1%, or ¥ 42,516 million, from the previous fiscal year-end.

• The Earn Out Escrow shall be governed by the terms of the Earn Out Escrow Agreement in the form attached hereto as Exhibit L (the “Earn Out Escrow Agreement”) and, subject to ARTICLE IX, the amount of the Earn Out Escrow traceable to the First Additional Payment and the Second Additional Payment shall be released from the Earn Out Escrow upon the occurrence of the Earn Out Milestone applicable to each such payment.

• Motion by Mr. Glasser to approve recommend to the full board the budget amendment for the Legal Defense Fund.

More Definitions of Second Additional Payment

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).

Second Additional Payment means an amount (in pounds sterling) equal to (Achieved EBITDA less the Target Excess) x 0.6778;

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.

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;