Break Payment definition

Break Payment means the amount determined by the City to be payable to each Proponent for wasted proposal development costs in the event that the procurement process commenced by issuance of this RFQ is terminated by the City after issuance of the RFP at a time when the City recognizes that Proponents have expended significant time and effort preparing to respond to the RFP;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Break Payment has the meaning given in clause 12.1;

Break Payment means the sum of £50 million (fifty million pounds Sterling);

Examples of Break Payment in a sentence

• In no event shall NortonLifeLock be required to pay a Break Payment more than once.

• Revenue & Customs or any other tax authority, in whole or in part, as consideration for a taxable supply, then the amount of the Break Payment shall be regarded as inclusive of VAT.

• For the avoidance of doubt (i) in no event shall NortonLifeLock be required to pay more than one Break Payment; and (ii) if, on the Long Stop Date, the circumstances set out in Clauses 12.1(a) and 12.1(b) have both occurred such that both the NortonLifeLock Board Recommendation Change Break Payment and Regulatory Condition Break Payment are payable, then NortonLifeLock shall only be obligated (subject to the terms of this Agreement) to make the NortonLifeLock Board Recommendation Change Break Payment.

• The parties irrevocably agree, having taken appropriate advice, that the Break Payment constitutes a fair and reasonable amount payable by AB InBev on the occurrence of a Break Payment Event.

• In no event shall Ball or Bidco be required to pay a Break Payment more than once or to pay more than one Break Payment.

More Definitions of Break Payment

Break Payment has the meaning given to it in sub-clause 7.1;

Break Payment means, subject to Clause 11.4, the sum of £750,000,000 (seven hundred and fifty million pounds sterling) (such amount being exclusive of any amount in respect of VAT, if any);

Break Payment means any amount owed by an Obligor under a Fixed Rate Loan and which amount is owed following payment by that Obligor of any principal before the due date for that principal, in accordance with the terms of the relevant Receivable Agreement (and includes an amount owed by the Mortgage Insurer with respect to the obligation of an Obligor to pay any such amount).

Break Payment means the sum of US$3,000,000,000 (US$ three billion);

Break Payment means an amount in cash of £200 million.

Break Payment an amount (exclusive of any amounts chargeable in respect of VAT) equal to £15, 275,000 as may be adjusted in accordance with Clause 10;

Break Payment means the amount determined by the City to be payable by the City to each Prequalified Party for proposal development costs as contemplated by and consistent with B10.4;