2006 Payments definition

2006 Payments mean the Sellers’ deposits to be made into Escrow on or about April 15, 2007 pursuant to state statutes adopted substantially in the form of the Model Statute set forth on Exhibit T to the Master Settlement Agreement between the major tobacco companies and each state in the United States other than Virginia, Texas, Louisiana and Minnesota; provided, however, that the 2006 Payments shall not exceed $700,000.
Sample 1

Examples of 2006 Payments in a sentence

  • Effective January 1, 2006) Payments for burial or funeral expenses for the Participant’s deceased parent, spouse, children or dependents, as defined in Code section 152 without regard to section 152(d)(1)(B).

  • The Purchasers agree to pay Sellers an amount equal to: (i) the product of thirty cents ($.30) and the Principal as of the Closing Date; plus (ii) the product of thirty cents ($.30) and the amount of the 2006 Payments when deposited into the Escrow.

  • The Company had the following contractual obligations at the end of 2006: Payments due by period (in thousands of dollars) Less than 1 - 3 4 - 5 After Total 1 year years years 5 years Capital Lease Obligations $ 748 $ 452 $ 296 Purchase Obligations (1) 18,600 10,032 8,568 Total contractual obligations $ 19,348 $ 10,484 $ 8,867 (1) Contract commitments for construction materials for the Manantial Espejo project existing at December 31, 2006, which will be incurred during 2007 and 2008.

  • On and subject to the terms and conditions of this Agreement, the Purchasers hereby purchase from the Sellers, and the Sellers hereby sell, transfer, convey, and deliver to the Purchasers, all of Sellers’ right, title and interest in and to the Assigned Interests free and clear of all liens, pledges, charges, or encumbrances of any kind or nature against delivery of the consideration specified in Section 2(b)(i), and when the 2006 Payments are deposited, Section 2(b)(ii).

Related to 2006 Payments

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Special Payment Means any payment (other than a Scheduled Payment) in respect of, or any proceeds of, any Equipment Note or Collateral (as defined in each Indenture).

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Payments has the meaning set forth in Section 8.11.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Change of Control Payments means all change of control, bonus or other similar payments that are payable by the Company Group to any Person in conjunction with the consummation of the transactions contemplated hereby, together with any employer-paid portion of any employment and payroll taxes related thereto.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Termination Payments has the meaning specified in Section 10(a).

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Balloon Payments means with respect to any loan constituting Indebtedness, any required principal payment of such loan which is payable at the maturity of such Indebtedness, provided, however, that the final payment of a fully amortized loan shall not constitute a Balloon Payment.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Optimal Interest Remittance Amount For each Distribution Date, the product of (A) (x) the weighted average of the Net Mortgage Rates for the Mortgage Loans as of the first day of the related Collection Period divided by (y) 12 and (B) the Aggregate Loan Balance as of the first day of the related Collection Period (not including for this purpose Mortgage Loans for which prepayments in full have been received and distributed in the month prior to that Distribution Date).