Deferred Payment Obligation. FCMC will make a Deferred Payment to Huntington if a Transaction is consummated at any time prior to the termination of this Agreement under Section 4. Such Deferred Payment is payable in cash at the time of the closing of the Transaction.
Appears in 3 contracts
Sources: Deferred Payment Agreement (Franklin Credit Management Corp), Deferred Payment Agreement (Franklin Credit Holding Corp/De/), Restructure Agreement (Franklin Credit Holding Corp/De/)