Future Transaction. (a) In the event that Purchaser or any of its Affiliates consummates an SPS Divestiture on or prior to the one-year anniversary of the Closing Date and receives Net Consideration of at least Eight Hundred Seventy Five Million Dollars ($875,000,000), Purchaser shall pay to Honeywell, within twenty-five (25) business days following the consummation of such SPS Divestiture, an amount of cash (in immediately available funds) equal to 50% of the excess of such Net Consideration over Eight Hundred Seventy Five Million Dollars ($875,000,000). (b) For purposes hereof:
Appears in 2 contracts
Sources: Stock Purchase Agreement (Honeywell International Inc), Stock Purchase Agreement (M & F Worldwide Corp)