Determination of Earn-Out Consideration. Following the achievement of any Earn-Out Milestone (and no later than within 5 Business Days thereof), the Company shall prepare and deliver to the Shareholders’ Representative (with a copy to the Parent Group) a written statement that said Earn-Out Milestone has been achieved (the “Earn-Out Achievement Notice”). The Earn-Out Achievement Notice shall include (i) confirmation or which Earn-Out Milestone was achieved and the date thereof; and (ii) confirmation by the General Counsel of the Parent that all of the Parent Groups’ representations and warranties as set out in Article VI are true and correct as of such date.
Appears in 2 contracts
Sources: Merger Agreement (Shift4 Payments, Inc.), Merger Agreement (Shift4 Payments, Inc.)