Examples of Second Payment Date in a sentence
Purchaser shall pay the Purchase Price in two installments, with the First Payment Amount due and payable to Seller on the First Payment Date, and the Second Payment Amount due and payable to Seller on the Second Payment Date.
If during the period between the Effective Date and the Second Payment Date, Seller sells any 2024 Tax Credits not yet transferred to Purchaser to another Person or enters into an agreement for such a sale of any 2024 Tax Credits to another Person, then upon any termination of this Agreement by Purchaser, Seller will pay a break fee of [omitted]% of the amount of the 2024 Tax Credits not transferred to Purchaser.
If Purchaser fails to timely pay the Second Payment Amount on the Second Payment Date (upon satisfaction or waiver of the Second Payment Conditions Precedent), then (a) Seller may terminate this Agreement in accordance with Section 8.1 (solely with respect to the portion of the 2024 Tax Credits corresponding to the Second Payment Amount) without any liability and (b) Seller shall be entitled to exercise all other remedies available to it under law or in equity on account of such failure of Purchaser.