Examples of Payment Obligation in a sentence
Pursuant to the Settlement Agreement, CMIG or its subsidiaries are required to be the beneficial owner of 35% or more of the total outstanding Shares (the “Change of Control”), failing which the Aetos Parties shall be entitled to declare the outstanding balance of the Total Payment Obligation, together with accrued interest and all other amounts accrued or outstanding, to be due and payable on the thirtieth (30th) day following the Change of Control.
Deferred payment schedule: Pursuant to the Settlement Agreement, it is agreed that, subject to the full performance of the Deferred Payment Obligation as provided below, the Total Payment Obligation would be reduced to US$175,000,000 (the “Deferred Payment Obligation”).
The value to Dealer of property contained in one Share Termination Delivery Unit, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified by the Calculation Agent to Dealer at the time of notification of the Payment Obligation.
The value of property contained in one Share Termination Delivery Unit, as determined by the Calculation Agent in its discretion by commercially reasonable means and notified to Dealer by the Calculation Agent at the time of notification of the Payment Obligation.
The LGA acknowledges and agrees that the OWDA afforded the LGA the opportunity to choose between a schedule of payments based on equal principal payments and one based on equal debt service payments and that the estimated Semiannual Payment Obligation shown on the Term Sheet reflect the choice of the LGA.