Cancellation Payment is defined in Section 20.2.
Cancellation Payment for Vested Options upon exercise of the Call Right shall be equal to the excess of the applicable Repurchase Price over the exercise price of such Vested Options; and the “Cancellation Payment” for all other Employee Options upon exercise of the Call Right shall be zero and such Employee Options will be canceled without payment therefor.
Cancellation Payment has the respective meanings set forth in Section 2(d).
Examples of Cancellation Payment in a sentence
In the event of termination pursuant to clause 12.2 the Buyer shall fully discharge all the Buyer’s liabilities to the Supplier under the Purchase Contract by either paying for all Products satisfactorily delivered to the Delivery Address up to the date of termination or paying the Cancellation Payment to the Supplier.
More Definitions of Cancellation Payment
Cancellation Payment has the meaning set forth in Section 2(d).
Cancellation Payment has the meaning set forth in Section 4.07(a).
Cancellation Payment shall have the meaning set forth in Article 35.
Cancellation Payment has the meaning set forth in Section 7.5.
Cancellation Payment means a payment equal to the number derived by multiplying (A) the average management fee paid during the twelve consecutive (12) months immediately preceding the effective date of such cancellation by (B) a fraction the a numerator of which equals the number of months from the effective date of such cancellation through the second anniversary of the date hereof and (y) a denominator equal to twelve (12). As used herein, the term "MANAGEMENT AGREEMENTS" means, collectively, that certain Property Management Agreement dated as of January __, 1995 between Mountainside Plaza Associates, Limited Partnership and Tower Equities of Arizona, L.L.C. ("TEA") (the "MOUNTAINSIDE AGREEMENT"); that certain Property Management Agreement dated as of May 12, 1995 between Lakeside Plaza Associates, Limited Partnership and TEA (the "LAKESIDE AGREEMENT"); and that certain Property Management Agreement dated as of May 12, 1995 between Warner Ranch Associates, Limited Partnership and TEA (the "WARNER AGREEMENT"). As used herein, the term "UNCURED DEFAULT EVENT" means the occurrence of two Uncured Defaults (as defined below) which occur during any 60-day period provided that the corresponding notices of default are not less than 30 days apart or the occurrence of three Uncured Defaults which occur during any 12 consecutive month period. As used herein, an "UNCURED DEFAULT" means one particular, specifically identified obligation of the manager under the respective Management Agreement that is breached and is not cured within ten days' written notice thereof, provided, however, that such ten-day cure period shall be extended one day for each day of delay attributable to the events described in Section 7(d) of that certain Property Management Agreement dated as of December 10, 1996 between East Broadway 5151 Limited Partnership and TEA. At the Closing, Contributor shall, or shall cause its affiliates to, enter into amended and restated Management Agreements with TEMI that reflect the current terms of such agreements as modified as set forth above.
Cancellation Payment as defined in Section 38.1(a)(ii).
Cancellation Payment means Six Hundred Ninety Six Thousand Five Hundred Sixty Seven Dollars and 87/100 (696,567.87), being that portion of the Cash Consideration to be paid by Purchaser to the Company to be delivered to the Option Holders pursuant to the Option Cancellation Agreements, as described in Section 2.b. Such payment, plus the portion of the Option Redemption Payment (as such term is defined in the Option Cancellation Agreement) that the Option Holders direct to be held in the Escrow Account pursuant to the Option Cancellation Agreements, represents the consideration paid to cancel all stock options held by the Option Holders.