Examples of Second Payment Amount in a sentence
In addition to the Initial Shares to be distributed to the holders of Company Preferred Stock pursuant to subsection 2.1(b)(i)(B) above, on December 31, 1998 (the "Second Payment Date"), the holders of Company Preferred Stock shall be entitled to receive Additional Shares having an aggregate Fair Market Value as of the Second Payment Date equal to the Merger Consideration, as adjusted, less the Initial Placement Amount (the "Second Payment Amount"), up to but not exceeding the Preference Amount.
No claim shall be offset against the Aggregate Second Payment Amount with respect to any Claim Notice relating to Breach Damages under Section 11.2(a) and the Aggregate Second Payment Amount, Second Payment Holdback or Fourth Payment Amount with respect to any Claim Notice relating to Damages under Section 11.2(b) if such claim is timely disputed as set forth above, unless and until its validity is finally resolved.
In addition, in the event that Revance pays a total of at least US $7,000,000 prior to the first anniversary of the Execution Date, the total remaining Second Payment Amount due hereunder shall be reduced by an amount equal to eight percent (8%) of the Proceeds Sharing Payments made prior to the first anniversary of the Execution Date.
In addition to the Upfront Payment and the Second Payment Amount, Revance shall make a one-time payment to Medicis of Four Million Dollars (US $4,000,000) (the “Approval Milestone Payment”) within thirty (30) days after the first receipt of Marketing Approval for a Product for the United States or a Major EU Market by Revance, its Affiliate or licensee.
To the extent the Company incurs any costs for participating in the Tax Contest, Parent shall have the right to offset the amount payable to the Holders from the Aggregate Second Payment Amount, Second Payment Holdback or Fourth Payment Amount, as more fully set forth in Article 11 below by the amount of the costs so incurred.