Earnout Payment definition
Examples of Earnout Payment in a sentence
In addition, if a Indemnitee has made a claim for Losses that has not yet been resolved (including in connection with a third party claim), Purchaser shall be entitled to hold back from any payments that would otherwise be due as part of the Earnout Payment the full amount of such claim until resolution and determination thereof.
The maximum Earnout Payment that can be earned by Extraction Tech is four million (4,000,000) common shares.
This Agreement embodies the entire agreement and understanding between the parties hereto with respect to the Year One Earn-out Payment and supersedes all prior oral or written agreements and understandings relating to the Year One Earn-out Payment.
For the avoidance of doubt and by way of example, if the conditions precedent to the payment of the Earn-out Payment for the first Calculation Period are not satisfied, but the conditions precedent to the payment of the Earn-out Payment for the second Calculation Period are satisfied, then Buyer would be obligated to pay such Earn-out Payment for the second Calculation Period for which the corresponding conditions precedent have been satisfied, and not the Earn-out Payment for the first Calculation Period.
Also, the above is not intended to be cumulative and Seller shall be entitled to a one-time Earn-out Payment as determined based on the Buyer Market Cap at or on the Earn-out Determination Date.