Termination Payment definition

Termination Payment has the meaning set forth in Section 6.03.

Termination Payment is defined in Section 5.3.

Termination Payment shall have the meaning set forth in Section 9.3(b) hereof.

Examples of Termination Payment in a sentence

• Such Termination Payment will be due within fifteen (15) Business Days after Xxxxx has received the Final DPU Approval.

• The Parties acknowledge and agree that the Termination Payment, if there is one, reflects actual damages to the non-defaulting Party.

• The Termination Payment shall be due and payable by the defaulting Party to the non-defaulting Party within [ ] Business Days following the date of a Termination Payment invoice.

• The Agreement and the Voluntary Commitment Agreement will be terminated effective as of the first date (the “Effective Date”) on which Buyer has received both the Final DPU Approval and the full Termination Payment, each as defined below (the “Termination Conditions”).

• It is the intention of the Company and the DS Supplier that, in the event the DS Supplier is a party to other agreements with the Company for the provision of DS Supply that existed prior to the Effective Date of this Agreement or are entered into after the Effective Date of this Agreement, the Company will calculate a single Termination Payment applicable to all such agreements as set forth herein.

More Definitions of Termination Payment

Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment. The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount or Damage Payment Amount, as applicable, and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

Termination Payment as follows:

Termination Payment means the payment described in Section 13 herein;

Termination Payment has the meaning specified in Section 15.2(b).