Second Additional Payment definition

Second Additional Payment means the amount (if any) calculated in accordance with Clause 6.2(a);
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Second Additional Payment shall have the meaning set forth in Section 3.1(a)(iv).
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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).
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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 an amount (in pounds sterling) equal to (Achieved EBITDA less the Target Excess) x 0.6778;
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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 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;
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Related to Second Additional Payment

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

  • 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.

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • 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 initially posted as Project Development Security pursuant to Section 8.4(a).

  • 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.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.02(d) hereof, plus interest on the Overcollateralization Amount accrued during the Interest Accrual Period related to that Distribution Date.

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

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • 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.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

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

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