Additional Payments definition

Additional Payments means additional amounts required to be paid to a holder of any Note pursuant to Section 13 by reason of a Change in Tax Law; and a “Change in Tax Law” means (individually or collectively with one or more prior changes) (i) an amendment to, or change in, any law, treaty, rule or regulation of Canada after the date of the Closing, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation after the date of the Closing, which amendment or change is in force and continuing and meets the opinion and certification requirements described below or (ii) in the case of any other jurisdiction that becomes a Taxing Jurisdiction after the date of the Closing, an amendment to, or change in, any law, treaty, rule or regulation of such jurisdiction, or an amendment to, or change in, an official interpretation or application of such law, treaty, rule or regulation, in any case after such jurisdiction shall have become a Taxing Jurisdiction, which amendment or change is in force and continuing and meets such opinion and certification requirements. No such amendment or change shall constitute a Change in Tax Law unless the same would in the opinion of the Company (which shall be evidenced by an Officer’s Certificate of the Company and supported by a written opinion of counsel having recognized expertise in the field of taxation in the Taxing Jurisdiction, both of which shall be delivered to all holders of the Notes prior to or concurrently with the Tax Prepayment Notice in respect of such Change in Tax Law) affect the deduction or require the withholding of any Tax imposed by such Taxing Jurisdiction on any payment payable on the Notes.

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Additional Payments shall have the meaning set forth in Section 2.5(c).

Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

Examples of Additional Payments in a sentence

• Following the final determination of any Authorized Loss in accordance with Section 7.7, the Purchaser Indemnified Parties shall be entitled to offset such Authorized Loss from the Additional Payments that would otherwise be payble pursuant to Section 2.5.

• Purchaser shall make four (4) equal Additional Payments of $625,000, with the first such payment due on March 16, 2026 and the other Additional Payments due on August 1, 2026, December 16, 2026 and the date that is eighteen (18) months following the Closing Date.

• As additional consideration for the Merger, Purchaser shall pay to the Preferred Stockholders, the SAFE Holders and the Covered Participants the Aggregate Additional Payments on the terms set forth in this Section 2.5 (each such payment is referred to herein as an “Additional Payment”), in each case in an amount set forth opposite the name of each such Preferred Stockholder, SAFE Holder and Covered Participant on the Allocation Schedule.

More Definitions of Additional Payments

Additional Payments means Compounded Interest and Additional Interest, if any.

Additional Payments means the reasonable extraordinary fees and expenses of the State Water Board, and of any assignee of the State Water Board's right, title, and interest in and to this Agreement, in connection with this Agreement, including all expenses and fees of accountants, trustees, staff, contractors, consultants, costs, insurance premiums and all other extraordinary costs reasonably incurred by the State Water Board or assignee of the State Water Board.

Additional Payments is defined in Section 8.3.

Additional Payments has the meaning specified in Section 1.1 of the Indenture.

Additional Payments means the amounts required to be paid by the Borrower pursuant to the provisions of Section 4.4 of the Loan Agreement.

Additional Payments shall have the meaning provided in Section 4.02 hereof.

Additional Payments means payments due hereunder in addition to the Installment Payments.