Delayed Payment Amount definition
Examples of Delayed Payment Amount in a sentence
For the avoidance of doubt, if the SEZ Transfer has not been completed as of the Closing, Buyer shall cause the Delayed Payment Amount to be paid to (or as designated by) Terafina Software Solutions Private Limited upon consummation of the SEZ Transfer following the Closing as consideration for the assets transferred pursuant thereto, as contemplated by the Pre-Closing Restructuring.
In the event that the Delayed Closing of a Delayed Closing Company fails to occur on or before the first anniversary of the Closing Date, the Parties agree to instruct the Escrow Agent to release the Delayed Payment Amount relating to such Delayed Closing Company to Purchaser.
In the event that any Damages against which the Parent Indemnitees are entitled to be indemnified pursuant to this Article IX is satisfied by a reduction to or offset from the Aggregate Option Delayed Payment Amount, the former holders of the Company Common Stock shall in the aggregate pay to Parent an amount equal to such offset or reduction within two business days of any notice of such offset and reduction, and any amount so paid to Parent shall be deemed to be Delayed Cash Consideration.