Applicable Payments definition
Examples of Applicable Payments in a sentence
In the event Applicable Payments are required to be reduced, the Applicable Payments shall be reduced in the following order: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits.
The losing Litigation Party in such litigation will pay all the prevailing Litigation Party’s attorneys’ fees, court costs, and other expenses related to that litigation, and in the event of a dispute brought by or on behalf of the 20% Holders in which Parent is the prevailing Litigation Party, Parent shall be entitled to offset such amounts owed to Parent against the Applicable Payments, if any.
All payments originating at the Department (whether in cash, check, credit, exchange or otherwise), for sales and services transactions by Licensee resulting from the Department shall be paid at and through the Licensor's point of sales registers (such payments, the "Applicable Payments").
Neither Parent nor any of its Subsidiaries shall enter into any agreement that would restrict Parent’s right to be able to promptly disburse the Applicable Payments under this Agreement or otherwise restrict Parent’s ability to fund such payments.
Cumulative Applicable Payments equal to or exceeding the Minimum Guaranteed Purchase Amount, then LS&CO.
If the number of Shortfall Shares exceeds the number of Applicable Product Escrow Shares for such Activision Product, then (i) all of the Applicable Product Escrow Shares for such Activision Product shall be released to Activision and cancelled and (ii) Activision shall be under no obligation to distribute the Applicable Payments or issue the Applicable Employee Allocations.
For purposes of this Section 16 (c), "ALL-IN PAYMENTS" means the sum of: (x) Cumulative Applicable Payments; (y) payments in respect of Product purchases under Section 6 (b) and 14 (d)(ii) (to the extent not already reflected in the computation of Cumulative Applicable Payments); and (z) payments, if any, for purchases of Trim after the Trim Option Notice is exercised.
Licensee shall be liable for the payment, when due, of any income or personal property taxes imposed, based or levied on, or allocable to, the Departments or Licensee, and Licensor shall be liable for the payment, when due, of all sales taxes arising from the Applicable Payments.