Sentences with phrase «receive earnouts»

CB&I received no upfront payment for the sale of the nuclear construction business, but stood to receive earnouts based on the progress of the completion of two U.S. projects by Stone & Webster: a nuclear power plant in Georgia for Southern Co and two reactors in South Carolina for SCANA Corp (scu).

Not exact matches

An SEC filing on Spark's website says this $ 7m is in addition to an earnout payment of «up to a maximum of an additional $ 10m», meaning Smooch receive the extra money if the business achieves a certain level of earnings.

The borrowers, Lockerbie Vermont LLC and New York Street Associates, both based in Indianapolis, received initial funding of $ 8.4 million with the balance available for tenant improvements and future earnouts.