CECO Termination Payment definition

CECO Termination Payment means, with respect to this Agreement and NEA, an amount payable by CECO to NEA equal to the sum of the Losses (net of Gains) and Costs, expressed in U.S. Dollars, which NEA incurs as a result of the termination of this Agreement pursuant to Section 8.2 (a)(i) hereof.
View Source

Examples of CECO Termination Payment in a sentence

  • NEA shall calculate, in a commercially reasonable manner, a CECO Termination Payment as of the CECO Early Termination Date.

  • CECO shall make the CECO Termination Payment within two (2) Business Days after such notice is effective.

  • As soon as practicable after termination, notice shall be given by NEA to CECO of the amount of the CECO Termination Payment.

  • If CECO disputes NEA’s calculation of the CECO Termination Payment, in whole or in part, CECO shall, within two (2) Business Days of receipt of the calculation of the CECO Termination Payment, provide to NEA a detailed written explanation of the basis for such dispute; provided, however, CECO shall first transfer Performance Assurance to NEA in an amount equal to the CECO Termination Payment as calculated by NEA.

  • If CECO disputes NEA's calculation of the CECO Termination Payment, in whole or in part, CECO shall, within two (2) Business Days of receipt of the calculation of the CECO Termination Payment, provide to NEA a detailed written explanation of the basis for such dispute; provided, however, CECO shall first transfer Performance Assurance to NEA in an amount equal to the CECO Termination Payment as calculated by NEA.

Related to CECO Termination Payment

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.