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.