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 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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Third Anniversary Payment shall have the meaning set forth in SECTION 2.1.1
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Examples of Third Anniversary Payment in a sentence

  • With respect to the First Anniversary Payment, 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 First Anniversary Date, the Second Anniversary Date and the Third Anniversary Date, as applicable, and continuing through the date of payment.

  • 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.

  • This is considered tokenism.►Lack of support – Supervision is an important support to peer providers; when it’s not taken seriously, peer providers can flounder.

  • As a further example, if Stepxx'x XXXTDA in Year 1 is $3,500,000, in Year 2 is $3,800,000, and in Year 3 is $4,800,000, the combined deficit of $500,000 in Year 1 and Year 2 will be recouped as a result of the excess in Year 3, and the Third Anniversary Payment will be $4,500,000.

  • 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.

  • 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”).

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

  • If the Sellers’ Representative does not notify Buyer of a dispute within this period, or if the Sellers’ Representative notifies Buyer that the Sellers’ Representative agrees with Buyer’s calculations with respect to the First Anniversary Payment, Second Anniversary Payment or Third Anniversary Payment, as applicable, then Buyer’s calculations as delivered to the Sellers’ Representative shall be final and binding.

  • 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.

  • 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.


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 an amount equal to the sum of:
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Related to Third Anniversary Payment

  • Second Anniversary means the second yearly anniversary after the Effective Date.

  • 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.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • 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 each February, May, August and November of each year commencing on the first such date next following the Date of Original Issue of a series of MTP , except with respect to delivery of Accountant’s Confirmation in which case “Quarterly Valuation Date” shall mean the last Business Day of such of the last Business Days of February, May, August and November in each year as is selected by S&P.

  • 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 2018-2 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2018-2 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 2018-2 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).

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • 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;