Third Payment Date definition

Third Payment Date as defined in Section 2.6 (b).

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Third Payment Date has the meaning set forth in Section 2.3(c).

Third Payment Date means, subject to the provisions of Article 3 of this Agreement, the date on which the Third Payment is made by Parent, which shall be within ten (10) Business Days following the determination of the Earnout Amount in accordance with Article 3.

Examples of Third Payment Date in a sentence

• An additional third purchase price (the Third Purchase Price), if any, shall amount up to USD 5 (five) million and shall be paid at the Third Payment Date in accordance with the calculation principles, the allocation schedule and the payment terms and conditions outlined in EXHIBIT 2.3. The Parties explicitly agree and confirm that the claim for the Third Purchase Price shall become existent (entstehen) not prior to the Third Payment Date.

• The "Conversion Price" shall mean the average closing market price per share of Common Stock for the twenty (20) trading days ending on the seventh (7th) trading day preceding the applicable Payment Date, as reported by the Wall Street Journal; provided, however, with respect to all Payment Dates other than the Third Payment Date, in no event shall the Conversion Price be less than $4.00 per share.

• If a Shareholders’ Agents Fees Notice has been received by Parent in accordance with the preceding sentence, on the Third Payment Date or Fourth Payment Date, as applicable, Parent shall pay to the Shareholders’ Agents, in cash, the amount specified in such Shareholders’ Agents Fees Notice (which amount would otherwise be payable to the Holders pursuant to Section 2.5(a)(iii)(B) or 2.5(a)(iv)(B), as applicable) by wire transfer to an account number provided to Parent by the Shareholders’ Agents.

• Any certificate representing shares of Parent Common Stock issuable on the Third Payment Date shall be delivered to the former Optionholders and former Warrantholder as promptly as practicable following the determination of the Earnout Amount in accordance with Article 3, subject to Article 11.

• DYN shall use the proceeds from such sale or project financing, less related fees and expenses, to satisfy its obligations under Section 2.19.2. Notwithstanding the foregoing, if DYN does not enter into a definitive agreement relating to the sale of ICC on or prior to the Third Payment Date, DYN shall use its commercially reasonable efforts to pursue a project financing of ICC and shall use the proceeds of such project financing, less related fees and expenses, to fund the Purchase Price.

More Definitions of Third Payment Date

Third Payment Date means the Payment Date falling during the third Financial Year starting after Commercialization.

Third Payment Date means September 30, 2022.

Third Payment Date shall have the meaning set forth in Section 1.4.2. “VPS” shall have the meaning set forth in Section 1.1. “Warrants” shall have the meaning set forth in Section 2.1.1.

Third Payment Date has the meaning set forth in clause (iii) of Subsection 1.2(a) of this Agreement.

Third Payment Date means a date chosen by the Administrator to be no earlier than the first business day immediately following the end of the Third Performance Period and no later than sixty (60) days after the end of the Third Performance Period.

Third Payment Date means the business day on which Systemax issues its earnings press release for the fourth quarter and fiscal year ended December 31, 2018.

Third Payment Date means the first anniversary of the Effective Date of this Agreement.