Second Closing Payment definition

Second Closing Payment shall be an amount in cash equal to $795,000 payable to the Investors at the Second Closing as provided in Section 2.4.

Second Closing Payment has the meaning set forth in Section 4.5(ii).

Second Closing Payment means (A) an amount equal to the Second Closing Purchase Price, (B) plus the Closing Cash for the Plan Companies, (C) plus the Estimated Closing CFCHP TNE Surplus or minus the Estimated Closing CFCHP TNE Deficiency, as applicable, (D) minus the AHMS Indemnity Escrow Amount, (E) minus the AHMS Adjustment Escrow Amount, (F) minus the AV Escrow Amount, (G) minus the Estimated Second Closing Funded Indebtedness, (H) minus the Second Closing Estimated Transaction Expenses as of the Second Closing, and (I) minus the Equityholder Representative Fund.

Examples of Second Closing Payment in a sentence

• GSK shall pay the Second Closing Payment to Welichem by electronic wire transfer into the account designated by Welichem in writing on the Invoice for the Second Closing Payment within [***] after the Second Closing; provided that GSK receives prior to the Second Closing an Invoice from Welichem, accompanied by accompanied by a letter from Welichem’s Counsel confirming that all conditions precedent to GSK’s obligations to close set forth in Section 6.3 have been satisfied.

• For clarity, further, this Second Closing Payment will be payable only if the Second Closing occurs on or prior to the Target Date.

• Purchaser shall deliver the Second Closing Payment to Seller by wire transfer of immediately available funds under Section 3.4(b).

• Payment by Buyer to the LCC Owners of the Second Closing Payment as set forth on the Closing Statement delivered in connection with the Second Closing by wire transfer in accordance with the wire instructions set forth in such Closing Statement.

• On the terms and subject to the conditions of this Agreement, at the Second Closing, the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase, acquire and accept from the Seller, the Second Closing Acquired Assets, free and clear of all Liens, other than Permitted Liens, and the Purchaser shall pay to Xxxxxx the Second Closing Payment.

More Definitions of Second Closing Payment

Second Closing Payment is defined in Section 2.3(b).

Second Closing Payment means the Second Closing Purchase Price, plus any amounts paid to Purchaser under Section 3 of the Management Agreement, plus any operating expenses of LiveTV Satellite paid by the Seller from the Closing to the Second Closing, less any distributions by LiveTV Satellite to the Seller from the Closing to the Second Closing.

Second Closing Payment has the meaning set forth in Clause 2.3.2;

Second Closing Payment means (a) the Second Closing Purchase Price; minus (b) Closing Indebtedness for the Second Closing.

Second Closing Payment means Five Hundred Thousand Dollars ($500,000).

Second Closing Payment is defined in Section 5.2(i)(ii).

Second Closing Payment has the meaning given to it in Section 3.4(a).