Buyout Payments definition
Examples of Buyout Payments in a sentence
In such event, the Buyout Payment determined by the third valuator shall be the Buyout Payment (provided, that the Buyout Payment shall be capped at the amount of the higher of the Buyout Payments determined by the prior two valuators).
In such event, the Buyout Payment determined by the third valuator shall be the Buyout Payment (provided, that the Buyout Payment shall be capped at the amount of the higher of the Buyout Payments determined by the prior two valuators, and shall not be lower than the amount of the lower of the Buyout Payments determined by the prior two valuators).
Lessee shall pay the reasonably estimated taxes, insurance premiums and utility charges applicable to the balance of the Cancellation Period which have not been previously paid by Lessee together with the last installment of the Buyout Payments (the "Final Payment").
The Buyout Payments will be paid according to Prism’s standard payroll schedule and will be subject to federal, state and local tax withholdings.
If the Death occurs in any of years 5 (2010) through year 10 (2015), Buyout Payments to the deceased member's estate or heirs will occur in accordance with the schedule set forth in paragraph 17 hereof.
Buyout terms defined in Section 5.5b are separate from any production royalty payments; in other words, royalty payments made from production shall not be credited against Buyout Payments; however, any of the annual payments made before a buyout of the production royalty shall be deducted from the Buyout Price.
If the disability occurs in year 5 (2010) through year 10 (2015), Buyout Payments to the disabled member will occur in accordance with the schedule set forth in paragraph 17 hereof.