Up-Front Payment definition
Examples of Up-Front Payment in a sentence
The payment of the Up-Front Payment (as defined in the Brewery SPA) (including any adjustment thereto) , which is made pursuant to the Brewery SPA, and any payment made pursuant to Section 8.2 of this Agreement shall be made without deduction or withholding for any taxes (other than taxes imposed on net income in Mexico), except as required by applicable law.
As a condition for and prior to making the Up-Front Payment, each Class Counsel shall execute in favor of Defendants, and deliver to Defendants through their counsel ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇, P.C., a valid and binding written Guarantee of re-payment to Defendants of the full amount of the Up-Front Payment in the event that the award of Class Counsel Fees and Expenses is reversed or modified as a result of any appeals.
Following receipt of the Up-Front Payment of Eight Million Dollars ($8,000,000) pursuant to Section 6.01 above, Noven hereby commits to allocate One Million Five Hundred Thousand Dollars ($1,500,000) to the evaluation of, and the conduct of feasibility studies for, *** compounds identified by Endo, and mutually agreed by the parties, as candidates for transdermal delivery.
Additionally, notwithstanding anything to the contrary contained in this Agreement, if Chrysler elects to terminate this Agreement as a result of a breach of any of Sections 2.03, 4.03, 4.05, 4.13, 6.02, 10.01(c)(ii), 10.01(c) (iii), 10.01(c)(iv), or 10.01(c)(v), Chrysler’s right to retain the Up-Front Payment shall constitute its sole and exclusive remedy for all losses and damages suffered by Chrysler as a result of the breach of such sections giving rise to Chrysler’s right to terminate.
Seller shall execute and deliver to Buyer the Transfer Documents via mail no later than fourteen (14) days after receipt of the Up-Front Payment.