Third Contingent Payment definition

Third Contingent Payment has the meaning set forth in Section 1.4(c).
Sample 1
Third Contingent Payment means the amount by which the New Send EBITDA for the 12- month period beginning on the first day of the calendar month immediately following the second anniversary of the Closing Date exceeds $3,250,000.00, but in no event shall the Third Contingent Payment exceed $2,500,000.00.
Sample 1
Third Contingent Payment means an amount based on 2008 EBITDA determined according to the table and principles set forth in Schedule 2.6; provided that in no event will the Third Contingent Payment be less than $2,000,000.
Sample 1

Examples of Third Contingent Payment in a sentence

  • The Third Contingent Payment cannot be less than Zero Dollars and No Cents ($0.00).

  • If cumulative Opt-Out Costs and Indemnification Costs do not exceed Twenty-One Million Dollars and No Cents ($21,000,000) as of the Third Contingent Payment Determination Date, then the Third Contingent Payment due, if any, shall be determined pursuant to the table immediately above.

  • The Third Contingent Payment, if any, shall be paid fifteen (15) days thereafter.

  • The Third Contingent Payment Determination Date shall be the Final Settlement Agreement Effective Date plus three years.

  • If this occurs, the Third Contingent Payment shall be reduced by one dollar for every one dollar of cumulative Opt-Out Costs and Indemnification Costs that exceed Twenty-One Million Dollars and No Cents ($21,000,000), up to the entire amount of Contingent Payment that otherwise would be due.

  • NATO and the United States are considered external security threats to Russia that “actively undermine Russia’s sovereignty and ultimately would like to force the collapse of the Russian state.” (2006: 89).

  • Upon the later of (a) the date of termination of the Earnout Period and (b) the date on which Buyer pays to Seller the First Contingent Payment, Second Contingent Payment, and Third Contingent Payment if such payment is required pursuant to Section 4.01, any and all restrictions on transfer of the Purchased Assets set forth in this Agreement shall become void and unenforceable.

  • If, in fact, the agreement or authorization has terminated, you must comply with the Bi-monthly reporting requirements up to the date of termination.Lobbying Activities are required to be disclosed when activity included in Section 1-c(c) of the Lobbying Act is met.

  • The Purchaser shall make the Initial Payment, the First Contingent Payment and the Third Contingent Payment by issuing to the Company that number of shares of Purchaser Common Stock equal to the quotient obtained by dividing (i) the amount of the respective payment by (ii) either the Reference Market Value on the date of the Option Exercise Notice, in the case of the Initial Payment, or the Reference Market Value on the date that the milestone is achieved, in the case of the Contingent Payments.

  • Subject to Section 8.5, within fifteen (15) days following final determination of the timing of the Third Contingent Payment pursuant to Section 1.6(a), the Purchaser shall issue and deliver to the Company a number of shares of Purchaser Common Stock valued at one million two hundred thousand dollars ($1,200,000) in accordance with Section 1.7.

Related to Third Contingent Payment

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Contingent Payments has the meaning set forth in Section 2.3(d).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Interim Payment has the meaning specified in Section 10.1.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Restricted Debt Payment has the meaning set forth in Section 6.04(b).

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Contingent fee as used in this clause, means any commission, percentage, brokerage, or other fee that is contingent upon the success that a person or concern has in securing a Government contract.

  • Specified Payment means any Permitted Acquisition or Permitted Investment, in each case, where such event is subject to satisfaction of the Payment Conditions or any component thereof, pursuant to the terms of this Agreement.

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Required Payment shall have the meaning assigned such term in Section 4.04.

  • Deferred Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Restricted Shares in accordance with Section 4.4 of this Restricted Share Plan; and (ii) the Participant’s Separation Date.

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Contingent Consideration shall have the meaning set forth in Section 2.5.

  • Permitted Payment as defined in Subsection 8.2(b).

  • Contingent Claim means any Claim, the liability for which attaches or is dependent upon the occurrence or happening of, or is triggered by, an event, which event has not yet occurred, happened or been triggered as of the date on which such Claim is sought to be estimated or an objection to such Claim is filed, whether or not such event is within the actual or presumed contemplation of the holder of such Claim and whether or not a relationship between the holder of such Claim and FairPoint now or hereafter exists or previously existed.

  • Earnout Payments has the meaning set forth in Section 2.2(a).