Third Deferred Payment definition

Third Deferred Payment means the amount, if any, in cash equal to (A) the Third Deferred Payment Amount divided by (B) the Converted Share Number.
Third Deferred Payment means $8,000,000 minus 6.15% of the Option Surrender Consideration.
Third Deferred Payment means the Deferred Payment due and payable on February 15, 2010.

Examples of Third Deferred Payment in a sentence

  • In the event of failure by the Seller to perform the obligations under the foregoing clauses of this Section 7.8, the Purchaser shall not be obligated to make the part of the Third Deferred Payment corresponding to the amount of the Guarantee which shall not have been furnished by the Seller pursuant to the foregoing clauses of this Section 7.8, as long as the said Guarantee is not furnished to the Purchaser.

  • The Buyer and the Sellers' acknowledge that if the Accounts Receivable are not collected within ninety (90) days, they are not subject to set-off unless such Accounts Receivable remain uncollected prior to the Third Deferred Payment.

  • In the event of a Change of Control prior to the payment or forfeiture of all Earnout Payments or Deferred Payments (other than the Third Deferred Payment, the acceleration of which is provided for pursuant to Section 2.8 hereof), the Buyer shall use its commercially reasonable efforts to cause the New Owner to assume (either directly or indirectly through its purchasing entity, if any) this Agreement and the Buyer’s payment obligations (if any) hereunder.


More Definitions of Third Deferred Payment

Third Deferred Payment means $4,000,000.
Third Deferred Payment has the meaning given to it in clause 3.2(d).
Third Deferred Payment means the amount of $500,000 payable either in Immediately Available Funds or the issue of BLR Shares in accordance with clause 6.1 (a)(iii); and Specified Share Price means the amount of $0.02.
Third Deferred Payment means, subject to Sections 3.3(d)(ii) and 10.4, an amount in cash equal to $155,885,000. The First Deferred Payment, Second Deferred Payment and Third Deferred Payment are hereinafter referred to as the "Deferred Payments." For the avoidance of doubt, Parent shall pay when due any non-disputed amount of the Deferred Payments when due as set forth above.
Third Deferred Payment means $4,000,000. “Third Party Defense” is defined in S ection 9.5(b).
Third Deferred Payment means the sum of (pound) 750,000 (seven hundred and fifty thousand pounds sterling);
Third Deferred Payment means $4,000,000. “Third Party Defense” is defined in Section 9.5(b).