Compromise Payment definition

Compromise Payment means any payment made to a former holder of Shares which is paid to such person in that capacity in settlement of any existing, threatened, anticipated or possible legal proceedings challenging the sufficiency or adequacy of the Initial Entitlement and whether such payment is expressed to be in addition to the Initial Entitlement or otherwise;
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Compromise Payment. Seven Hundred Twenty Four Thousand Dollars ($724,000), an amount established after negotiations between the Parties which, when paid to IID as herein required, shall resolve all issues relating to the Special Charge, Distribution Facilities Charge, Operation and Maintenance Charges (with the exception of the O & M Charges of Section 5.1.3.1, below), Standby Service and Ancillary Charges, and represent payment in full of all disputed and undisputed balances due IID, for these services relating to the Interim Agreement, projected through December 31, 2002, and the Consumed Energy Charges, through August 31, 2002.
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Examples of Compromise Payment in a sentence

  • Compromise Payment..................................................................................................

  • SECTION 8.5. Compromise Payment SECTION 8.6. Indemnification Not Exclusive, etc.

  • Compromise Payment................................................................................

  • Dutchess represents and warrants that (i) upon receipt of a payment of $1,700,000 from Debtor it will have received full and final payment for any and all penalties or liquidated damages due on the Promissory Notes through the Effective Date (the "Compromise Payment"), and (ii) that Debtor may pay the Compromise Payment by issuing to Dutchess a senior secured promissory note in the form attached hereto as Exhibit A (the "Senior Note").

  • The obligations of each Party hereunder shall be subject to the condition precedent that Cytomedix pays to Sorin the Compromise Prepayment by not later than May 3, 2011 and if the Compromise Payment is not received by such time, this Agreement shall be deemed rescinded and of no force and effect.

  • Should Auto Care fail to make timely payment of any installment of the Compromise Payment, the County shall provide written notice of non-payment to Auto Care by certified letter to Auto Care and to its counsel at the address provided herein for notices.

  • Otherwise, the entry of a Default Final Judgment described herein shall be the County’s sole remedy for Auto Care’s failure to pay the Compromise Payment installments timely.

  • Compromise Payment ......................................................17 6.

  • Good Faith Action; Expert Advice; No Bond or Surety 15 Section 6.3. Indemnification of Shareholders 16 Section 6.4. Indemnification of Trustees, Trustees Emeritus, Officers, etc 16 (continued) Section 6.5. Compromise Payment 16 Section 6.6. Indemnification Not Exclusive, etc 17 Section 6.7. Liability of Third Persons Dealing with Trustees 17 ARTICLE VII.

  • Should any scheduled installment of the Compromise Payment not be received, via wire transfer or in certified funds, within the Grace Period, the County shall be entitled to the entry of a Default Final Judgment against Auto Care in the amount of Ninety-Seven Thousand Dollars ($97,000.00), less any Installment Payments made pursuant to the terms hereof.

Related to Compromise Payment

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • PRE-PAYMENT The Tenant shall: (check one)

  • Compromise means disclosure of information to unauthorized persons, or a violation of the security policy of a system, in which unauthorized intentional or unintentional disclosure, modification, destruction, or loss of an object, or the copying of information to unauthorized media may have occurred.