Third Anniversary Payment definition

Third Anniversary Payment means an amount equal to seventy percent (70%) of the Net Revenue earned by Federated on the Transferred Assets attributable to Tracked Clients for the Fiscal Year beginning on the day after the Second Anniversary Date.
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Third Anniversary Payment shall have the meaning set forth in SECTION 2.1.1(d) of the Agreement.
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Third Anniversary Payment an amount equal to the sum of:
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Examples of Third Anniversary Payment in a sentence

  • In such event, the number of shares of Suburban Stock to be delivered shall have a fair market value equal to the First Anniversary Payment, Second Anniversary Payment, or Third Anniversary Payment, as appropriate.

  • No later than the ninety- ------------------------- fifth (95th) day following the third anniversary of the Closing Date, Suburban and Purchaser, jointly and severally, shall deliver the Third Anniversary Payment, if due.

  • Concurrently with the payment of each of the First Anniversary Payment, the Second Anniversary Payment and the Third Anniversary Payment, Buyer shall give written notice to the Seller Representative, reasonably detailing CBIZ’s determination of the cash that the Sellers are entitled to receive as the First Anniversary Payment, Second Anniversary Payment or Third Anniversary Payment, respectively (each, a “Post-Closing Payment” and collectively, the “Post-Closing Payments”).

  • With respect to the Second Anniversary Payment and the Third Anniversary Payment, Purchaser will pay interest on the amount of each unpaid portion of each payment for the period beginning on the day after the Second Anniversary Date and the Third Anniversary Date, as applicable, and continuing through the date of payment.

  • In the event that the IPO Closing Date occurs prior to the payment of the First Anniversary Payment, the Second Anniversary Payment and/or the Third Anniversary Payment, then Purchaser shall pay to Seller by wire transfer of immediately available funds in US Dollars, immediately following the IPO Closing Date, the First Anniversary Payment, the Second Anniversary Payment and/or the Third Anniversary Payment (in each case only to the extent Purchaser has not previously paid such amounts to Seller).

  • If [**] is equal to or less than [**] then no Third Anniversary Payment shall be owed to the Sellers.

  • The "PURCHASE PRICE" shall be the sum -------- of the Closing Payment, the First Anniversary Payment, the Second Anniversary Payment, and the Third Anniversary Payment.

  • Within [[●] calendar days]6 following each of the Second Testing Date and the Third Testing Date, the Company shall notify the Agent in writing of its election regarding whether the Second Anniversary Payment Amount or the Third Anniversary Payment Amount, as applicable, shall be paid either in whole or in part in cash (in United States Dollars) and/or New Common Interests, as set forth in Section 1.5(b) and Section 1.5(c), respectively.

  • At the discretion of the Company, all -------------- of the First Anniversary Payment, Second Anniversary Payment or Third Anniversary Payment may be paid in either shares of Suburban Stock or cash at the election of the Company, provided that such shares may be issued in each such case without registration under the Securities Act or state blue sky laws.

  • The parties agree that such $27,266 payment shall be treated as an excess payment pursuant to Section 1.3(d)(i) which will result first in a reduction in the amount of the Third Anniversary Payment and thereafter a reduction in the Second Anniversary Payment.


More Definitions of Third Anniversary Payment

Third Anniversary Payment means the cash payments of USD $500,000 payable to each of the Sellers on the third anniversary of Completion in accordance with Schedule 3;
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Third Anniversary Payment means an amount equal to sixty percent (60%) of the Net Revenue attributable to each Eligible Account for the Fiscal Year beginning on the day after the Second Anniversary Date.
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Related to Third Anniversary Payment

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • First Anniversary means the first anniversary of the Closing Date.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Policy Anniversary means the annual anniversary of the Date of Commencement of Risk;

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Anniversary Date means each anniversary of the Closing Date.

  • CONTRACT ANNIVERSARY The anniversary of the Contract Date.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Applicable Anniversary of the Commencement Date means the fifth (5th) anniversary of the Commencement Date.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Anniversary Each anniversary of the Cut-off Date.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing October 31, 2001.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Make-Whole Payment means, with respect to any Series 2015-1 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2015-1 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2015-1 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant’s Separation Date.

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;