Payment Obligation definition

Payment Obligation means the Principal Amount of the District Note and, if the District Note is a Defaulted Note interest thereon at the Default Rate, until such amounts are paid in full.

Payment Obligation means the obligation of the Broker-Dealer to repay cash loaned to it pursuant to this Subordinated Loan Agreement. The provisions of this Agreement shall be binding upon the Broker-Dealer and the Lender, and their respective heirs, executors, administrators, successors, and assigns. Any controversy arising out of or relating to this Agreement may be submitted to and settled by arbitration pursuant to the By-Laws and rules of the NASD. The Broker- Dealer and the Lender shall be conclusively bound by such arbitration. This instrument embodies the entire agreement between the Broker-Dealer and the Lender and no other evidence of such agreement has been or will be executed without prior written consent of the NASD. This Agreement shall be deemed to have been made under, and shall be governed by, the laws of the State of California in all respects.

Payment Obligation when used with respect to Senior Indebtedness, means an obligation stated in an agreement, instrument or lease to pay money (whether for principal, premium, interest, sinking fund, periodic rent, stipulated value, termination value, liquidated damages or otherwise), but excluding an obligation to pay money in respect of fees of, or as payment or reimbursement for expenses incurred by or on behalf of, or as indemnity for losses, damages, taxes or other indemnity claims of any kind owed to, any holder of Senior Indebtedness or other party to such agreement, instrument or lease.]

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.

More Definitions of Payment Obligation

Payment Obligation means an indebtedness that is owed by one system participant to another as a result of the clearing of one or more payment instructions; (vi)

Payment Obligation means an indebtedness that is owed by one system participant to another system participant as a result of the clearing of one or more payment instructions in a payment system;

Payment Obligation means an indebtedness that is owned by one system participant to another system participant as a result of clearing or settlement of one or more payment instructions relating to funds, securities or foreign exchange or derivatives or other transactions;

Payment Obligation means all monies payable by the applicant under the contract and the terms and conditions.

Payment Obligation means an independent and primary obligation of the Buyer Parent (and, following an SCF Transfer in respect of such Payment Obligation, of each Obligor Subsidiary on a joint and several basis) to pay to the Relevant Recipient the Certified Amount (as defined in “General Description of VodafoneZiggo’s Business, the Issuer and the Offering—Overview of the Structure of the Offering of the Notes”) on the Confirmed Payment Date under the APMSA.

Payment Obligation means any form of indebtedness that is owed by one financial institution to another as a result of the clearing of one or more payment instructions;

Payment Obligation means any obligation from time to time owing by Lessee under this Lease, which obligation can be satisfied with the payment of money, including any Rent, fees, costs or charges that would accrue but for the provisions of U.S. Bankruptcy Code, after any bankruptcy or insolvency petition is filed thereunder.