Calculation of Termination Payment5.03 Calculation of Termination Payment5.03 Calculation of Termination Payment Sample Clauses

Calculation of Termination Payment5.03 Calculation of Termination Payment5.03 Calculation of Termination Payment. (a) The Termination Payment shall be the lowest amount determined on the basis of quotations from at least four Reference Dealers as the amount that would have been payable on the Termination Date by the Purchaser in consideration of an agreement between the Purchaser and the quoting Reference Dealer, and subject to such documentation evidencing agreement on price as they may in good faith agree, with the relevant Termination Date as the date of commencement of such agreement that would have the effect of preserving for the Purchaser the equivalent of the delivery obligations that, but for the occurrence of the relevant Termination Date, the Seller would have been obligated to perform hereunder after such Termination Date. The Purchaser will request each Reference Dealer to provide its quotation to the extent practicable as of the same time (without regard to different time zones) on the relevant Termination Date (or, if a Termination Date is deemed to occur, as of a time as soon thereafter as practicable). The time as of which such quotations are to be provided will be selected in good faith by the Purchaser.
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Related to Calculation of Termination Payment5.03 Calculation of Termination Payment5.03 Calculation of Termination Payment

  • Calculation of Termination Payment If an Early Termination Date has been declared, the Non-Defaulting Party shall calculate, in a commercially reasonable manner, the Termination Payment in accordance with this Section 10.3.

  • Payment of Termination Payment The Defaulting Party shall make the Termination Payment within ten (10) Business Days after such notice is effective, regardless whether the Termination Payment calculation is disputed. If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Termination Payment, in whole or in part, the Defaulting Party shall within ten

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

  • Notice of Payment of Termination Payment As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount and the sources for such calculation. The Termination Payment shall be made to the Non-Defaulting Party, as applicable, within ten (10) Business Days after such Notice is effective.

  • 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 Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

  • Notification of Termination 22.3.2.1 Upon the occurrence at District's sole determination of any of the above conditions, or upon Developer’s failure to perform any material covenant, condition or agreement in this Facilities Lease, District may, without prejudice to any other right or remedy, serve written notice upon Developer and its Surety of District's termination of this Facilities Lease and/or Developer’s right to perform the Work of this Facilities Lease. This notice will contain the reasons for termination.

  • Contents of Termination Notice A Termination Notice shall specify:

  • Payment after Notice of Termination The Manager’s acceptance of any payment of arrears or of any other payment for the use or occupation of the Room, after delivery of a notice terminating this Agreement to the Resident, does not operate as waiver of a notice of termination, nor reinstatement of this Agreement.

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