Second Deferred Payment definition

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

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

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.

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.
Upon notice to Seller specifying in reasonable detail the basis therefor, Buyer may, by written notice to Seller, set off any amount to which it may be entitled under this Article VII against amounts otherwise payable to Seller, including but not limited to the First Deferred Payment, the Second Deferred Payment, any Net Seller Payment or Appreciation Right Amount that is or becomes payable to Seller hereunder.
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.
As used in this section, “insolvent” with respect to Buyer means that the sum of the debts and other probable Liabilities of Buyer (including the Assumed Liabilities, the First Deferred Payment, the Second Deferred Payment and the Earn-Out Amount) exceeds the present fair saleable value of Buyer’s assets and the Purchased Assets).
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.

More Definitions of Second Deferred Payment

Second Deferred Payment has the meaning given to it in clause 3.2(c).

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

Second Deferred Payment means $20,000,000.

Second Deferred Payment means $81,000,000;

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

Second Deferred Payment means $144,830,000;

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