Third Installment Payment Date definition

Examples of Third Installment Payment Date in a sentence

• Notwithstanding anything to the contrary herein, (i) on or prior to the date that is ninety (90) days prior to the Second Installment Payment Date, the Issuer shall have funded the Insurance Reserve Account in an amount not less than the Second Installment Amount, and (ii) on or prior to the date that is ninety (90) days prior to the Third Installment Payment Date, the Issuer shall have funded the Insurance Reserve Account in an amount not less than the Third Installment Amount.

• Within fourteen (14) calendar days after the Third Installment Payment Date, the Settlement Administrator shall distribute the Court-approved payments in the following order of priority: (a) the remaining Settlement Administration Costs to the Settlement Administrator; and (b) the remaining attorneys' fees to Class Counsel.

• Pursuant to the Option Agreement, CLCK shall grant to CNG the option (the "Option") to purchase an additional 10,000,000 shares of CLCK Common Stock (the "Third Installment of Exchanged CLCK Stock") for the purchase price of $2,000,000 (the "Third Installment Payment"), which option must be exercised by CNG on or before the first anniversary of the Closing Date (the "Third Installment Payment Date").