CCS Payment definition
CCS Payment means the $350,000 in Cash to be paid on the Effective Date to the CCS Creditors' Trust for the benefit of the holders of Allowed Claims in Class C-4.
Examples of CCS Payment in a sentence
Generally, a CCS Payment shall not be made for any quarter during which operations of Maker result in Negative EBITDA or during which the Ethanol Plant is not operating; however, if Net CCS Benefits received by Maker for a quarter during which there is Negative EBITDA result in positive Adjusted EBITDA for such quarter, a CCS Payment shall be paid on the basis of 27.5% multiplied times Adjusted EBITDA.