Payment of Seller Default Termination Payment Sample Clauses

Payment of Seller Default Termination Payment. If this Agreement is validly terminated by Seller pursuant to Section 7.1.11 (Extended Force Majeure), then Seller shall refund all Milestone Payments received as of the date of such termination, which amount shall not be subject to the Liability Cap. If this Agreement is validly terminated by Purchaser pursuant to Section 7.1.3 (Seller Material Breach; Seller Material Adverse Effect Update), Section 7.1.6 (Firm Date) (other than if due solely to a Seller Non-Fault Event), Section 7.1.7 (Closing Date) (other than if due solely to a Seller Non-Fault Event), Section 7.1.9 (Seller Bankruptcy), or Section 7.1.5 (Liability Cap), then Seller shall (A) refund all amounts previously paid by Purchaser to Seller hereunder, which amount shall not be subject to the Liability Cap, and‌
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Related to Payment of Seller Default Termination Payment

  • 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

  • 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.

  • 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.

  • 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.

  • 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

  • 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 due to Event of Default (a) Termination due to Parties Event of Default

  • Termination and Severance Pay Employees who terminate their employment with the City for any reason shall have their termination pay computed in the following manner.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

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