Third Installment Period definition
Examples of Third Installment Period in a sentence
At any time after the Third Installment Period, the Purchaser may assign any or all of its rights, interests and obligations hereunder (including without limitation its rights under Section 10) provided that, each such assignee agrees in writing to be bound by all of the terms, conditions and provisions contained herein.
Without prejudice to Section 2.02 (d) within forty five (45) days of the end of each of the Third Installment Period and the Fourth Installment Period, the Purchaser shall prepare management accounts of the Relevant Business for the relevant Installment Period in accordance with US GAAP and forward them to the Sellers Representative for approval.
From the Closing Date until the end of the Third Installment Period, the Purchaser shall carry on the business of the Company in good faith and shall use reasonable endeavours to maximize Revenue.
Example Assuming the Accumulated Revenue for the Second Installment Period is $13,000,000 and the Accumulated Revenue for the Third Installment Period is $12,000,000, the Tranche 3 Installment shall be zero.
At any time after the Third Installment Period, the Purchaser may assign any or all of its rights, interests and obligations hereunder provided that, each such assignee agrees in writing to be bound by all of the terms, conditions and provisions contained herein.
Third Installment, calculated as set forth above, is [*], and (ii) the aggregate Merchant Business Gross Revenue for the Second Installment Period and the Third Installment Period is equal to or exceeds [*], the Catch-Up Payment to be made by Purchaser to Sellers in accordance with this Section 3.1(b) shall be equal to [*] (the amount resulting by subtracting [*] from the [*]).