CIP Payment definition

CIP Payment means, until the expiration or earlier termination of the Term of this Agreement, $104,130 per Semi-Monthly Period.
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CIP Payment has the meaning set forth in Section 2.3(c).
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Examples of CIP Payment in a sentence

  • For the avoidance of doubt, the Q4 CIP Payment recipients who invest their after-tax amounts of such payment will become Management Commitment Parties and the New Convertible Bonds to be purchased thereby are part of the Management Commitment Convertible Bonds.

  • Except to the extent prohibited by applicable law, prior to the CIP Payment Date, the Company will provide the Holders (on a confidential basis) with all available information that may be material to the exercise of the Holders’ rights under this Section 1, including any plans or proposals for any mergers, sales of assets, acquisitions and substantial sales of stock or other equity interests by its stockholders.

  • At and as of the Closing, Buyer shall (a) deliver the Seller Shares duly endorsed in blank for transfer or accompanied by duly executed stock powers assigning the Seller Shares in blank, and accompanied by all requisite stock transfer stamps, (b) wire transfer to Seller the Cash Purchase Price, the Quarterly Dividend and the CIP Payment and (c) deliver to Seller all agreements, consents, assignments and other documents contemplated by this Agreement.

  • Each of the remaining recipients of the Q4 CIP Payment will have the option to reinvest up to the amount of such recipient’s portion of the Q4 CIP Payment in the Management Commitment Convertible Bonds by becoming parties to the Backstop Commitment Agreement.

  • The CIP Amount shall be due and payable for each CIP Payment Date (defined below) during the period (the “CIP Period”) from (a) the date (the “CIP Commencement Date”) that is ninety (90) days after the CIP Notice is delivered to the Company until (b) the date on which all of the Warrants and Warrant Stock have been repurchased by the Company pursuant to Section 11 of the Securities Purchase Agreement (the “Payment Closing Date”).

  • If Nasdaq terminates your employment due to gross misconduct or gross negligence (as determined in Nasdaq’s sole discretion), or you voluntarily resign before September 30, 2016, you will not be entitled to any part of the CIP Payment.

Related to CIP Payment

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Initial Trip Payment means the first payment made to the Insured’s Travel Supplier toward the cost of the Insured’s Trip.