Second Deferred Payment definition

Second Deferred Payment has the meaning set forth in Section 2.6(a)(iv).

Second Deferred Payment means the amount, if any, in cash equal to (A) the Second Deferred Payment Amount divided by (B) the Converted Share Number.

Second Deferred Payment means an amount in cash equal to $2,500,000.

Examples of Second Deferred Payment in a sentence

• Notwithstanding the foregoing, in the event that Buyer fails to pay the full amount of the Deferred Payment on or before the Second Deferred Payment Date, the Common Stock shall be automatically transferred back to the Stockholders without the requirement of further notice, payment or demand.

• In addition, any improvements or developments to the Capsid Products or to the HBsAg Products made between the Closing Date and the Second Deferred Payment Date shall be deemed the property of the Company.

• Notwithstanding the foregoing, in the event Buyer does not deliver the full Deferred Payment to the Stockholders by the Second Deferred Payment Date, then the Confidentiality Agreement shall be automatically reinstated without action by the parties and shall be deemed to have covered all disclosures during the period from the Closing to the Second Deferred Payment Date when it is reinstated.

• Following notice from Buyer that the full amount of the Deferred Payment has been remitted, the Escrow Agent shall deliver the Stock Certificates to Buyer within three (3) business days of the Second Deferred Payment Date.

• On March 31, 2015 (the “Second Deferred Payment Date”), Buyer shall pay to each Stockholder the amount set forth on Schedule I for distribution to such Stockholder, which amount shall total the remaining Two Million Dollars ($2,000,000) of the Deferred Payment by wire transfer of immediately available funds to the accounts that have been designated by the Stockholder Representative to Buyer at least three (3) calendar days prior to the Second Deferred Payment Date.

More Definitions of Second Deferred Payment

Second Deferred Payment has the meaning given to that term in Clause 3.1(c);

Second Deferred Payment means $5,000,000 minus 3.85% of the Option Surrender Consideration.

Second Deferred Payment means $5,500,000.

Second Deferred Payment shall have the meaning indicated in Section 2.3(b)(ii).

Second Deferred Payment means $20,000,000.

Second Deferred Payment means, subject to Sections 3.3(d)(ii) and 10.4, an amount in cash equal to $155,885,000.

Second Deferred Payment means the sum of (pound) 750,000 (seven hundred and fifty thousand pounds sterling);