Certain Payments definition
Certain Payments. Any amounts that would otherwise be payable to the Employee hereunder at the time of his death or thereafter (whether pursuant to 7.2 hereof or otherwise) shall, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Employee's devisee, legatee, or other designee or, if there be no such designee, to the Employee's estate.
Certain Payments to the Internal Revenue Service Treated as Distributions.
(a) For purposes of this Section 4.03, the Class B Members may assume that any Member who fails to provide to the LLC satisfactory evidence of its tax status for United States federal income tax purposes is a foreign person taxable as corporation.
(b) Notwithstanding anything to the contrary herein, to the extent that the LLC is required, or elects, pursuant to applicable law, either (i) to pay tax (including estimated tax) on a Member's allocable share of LLC items of income or gain, whether or not distributed, or (ii) to withhold and pay over to the tax authorities any portion of a distribution otherwise distributable to a Member, the LLC may pay over such tax or such withheld amount to the tax authorities, and such amount shall be treated as a distribution to such Member at the time it is paid to the tax authorities. In the event that the amount paid (or paid over) to the tax authorities on behalf of any Member exceeds the amount which would have been distributed to such Member absent such tax obligation, such excess shall be treated as a demand loan from the LLC to such Member, which loan shall bear interest at the prime rate announced from time to time by The Wall Street Journal, until paid in full.
Certain Payments in respect of Senior Notes and City Loan Agreement.
(a) during the period prior to the commencement of the Permitted Note Exchange Offer, Borrower makes any payment of interest or principal in respect of any of the Senior Notes or the Indebtedness under the City Loan Agreement, except for the regularly scheduled payment of interest due November 1, 2001 in respect of the Indebtedness under the City Loan Agreement;
(b) during the period after the commencement of the Permitted Note Exchange Offer and prior to the earlier to occur of the completion of the Permitted Note Exchange Offer (as evidenced by the issuance of the Exchange Notes) or the termination or expiration of the Permitted Note Exchange Offer without Exchange Notes having been issued, (i) Borrower makes any payment of principal or any portion of any interest payment scheduled to be made after November 1, 2001 and prior to May 1, 2003 with respect to the City Loan Agreement, (ii) Borrower makes any payment of principal or any portion of any interest payment scheduled after June 1, 2001 and prior to December 1, 2002 with respect to the 2005 Senior Notes or (iii) Borrower makes any payment of principal or any portion of any interest payment scheduled to be made after July 1, 2001 and prior to January 1, 2003 with respect to the 2004 Senior Notes;
(c) during the period after the termination or expiration of the Permitted Note Exchange Offer without Exchange Notes having been issued, Borrower makes (i) any payment of principal in respect of the Senior Notes or the Indebtedness under the City Loan Agreement prior to its stated maturity or (ii) any portion of any interest payment described in clauses (b) (i), (ii) and (iii) above; or
(d) during the period after the completion of the Permitted Note Exchange Offer (as evidenced by the issuance of the Exchange Notes), Borrower
(i) makes any payment of principal in respect of the Senior Notes or the Indebtedness under the City Loan Agreement prior to its stated maturity or (ii) in any fiscal year, pays more than an aggregate of $4,000,000 of accrued interest in respect of the Senior Notes and the Indebtedness under the City Loan Agreement (including without limitation any accrued and unpaid interest for the periods described in clause (b) above). Borrower has developed and is implementing a voluntary financial restructuring plan to preserve and enhance its strategic values. Such plan includes, among other things, the Liquidity Improvement Financing Program, ...
Examples of Certain Payments in a sentence
A-32 Article IX - Certain Payments to the General Partners and Affiliates ...
A-30 Article IX - Certain Payments to the General Partners and Affiliates ...................
Certain Payments or Distributions 2 ARTICLE II AUTHORIZED REPRESENTATIVES 2 Section 2.01.
Application of Certain Payments in Case of Requisition or Event of Loss .
Absence of Certain Payments..........................................................................
Restricted Payments; Certain Payments of Indebtedness.................................
Restricted Payments; Certain Payments of Indebtedness 110 SECTION 6.09.
Restricted Payments; Certain Payments of Indebtedness 83 SECTION 6.09.
Restricted Payments; Certain Payments of Indebtedness.................
Restricted Payments; Certain Payments of Indebtedness ......................................
More Definitions of Certain Payments
Certain Payments. Neither the MFC nor any officer, director or employee of MFC has paid or received or caused to be paid or received, directly or indirectly, in connection with the business of MFC (i) any bribe, kickback or other similar payment to or from any domestic or foreign government or agency thereof or any other person, or (ii) any contribution to any domestic or foreign political party or candidate, other than from personal funds of such officer, director or employee not reimbursed by MFC or as permitted by applicable law.