Damage Payments definition

Damage Payments means all liquidated damages or other payments received by Buyer from any Person as a result of such Person’s failure to take Raw Product from Buyer, minus any amounts of such liquidated damages or other payments received by Buyer that are payable to any un-Affiliated third parties in connection with such event.
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Damage Payments means payments receivable by the state pursuant to the terms of the master settlement agreement;
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Damage Payments means all liquidated damages or other payments received by Buyer from any Person as a result of such Person’s failure to take Specification Product from Buyer, minus any amounts of such liquidated damages or other payments received by Buyer that are payable to any un-Affiliated third parties in connection with such event.
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Examples of Damage Payments in a sentence

  • In the event that (i) Buyer is unable to take all of the Raw Product nominated by Seller during a particular Month due to any Person’s failure to take Raw Product from Buyer, and (ii) Buyer receives Damage Payments in connection with such event, Buyer will pay Seller its pro rata share of such Damage Payments based on the amount of nominated Raw Product not taken by Buyer from Seller and any other Affiliates of Buyer as a result of such event.

  • The obligation of the Lessee to pay Truck Special Damage Payments shall constitute the sole remedy respecting the breach of its covenant contained in the first sentence of Section 13.2(a).

  • On each anniversary date of the Effective Date, the parties shall reconcile their Service Interruption records and determine (i) which Constructing Party had the greatest aggregate Outage Damage Payments on its System (the "Outage Payor") and (ii) how much more Outage Damage Payments that Constructing Party owes than the other party (the amount of the excess owed is referred to as the "Outage Damage Payment Excess").

  • As the Outage Damage Payment Excess reflects the net difference in Outage Damage Payments, such other party will not be required to pay its Outage Damage Payment to the Outage Payor.

  • Any rights with respect to Damage Payments which any of the Company Indemnifying Parties or the Securityholders' Representative may, by operation or law or otherwise, have against the Surviving Corporation or any such Person shall, effective at the time of the Closing, be deemed to be hereby expressly and knowingly waived.

  • In the event that (i) Buyer is unable to take all of the Product nominated by Seller during a particular Month due to a Person’s failure to take Product from Buyer, and (ii) Buyer receives Damage Payments in connection with such event, Buyer will pay Seller its pro rata share of such Damage Payments based on the amount of nominated Product not taken by Buyer from Seller and any other Affiliates of Buyer as a result of such event.

  • During the Cure Period, Seller shall have no obligation to make (i) the Base Damage Payment (except as reduced as described above) or (ii) any Monthly Damage Payments at all if both Facilities have experienced a Cessation of Operations, as applicable.

  • Monthly Damage Payments that would have otherwise been payable hereunder during such period but for the Cessation of Operations at one or both Facilities shall be permanently and irrevocably forfeited by Buyer.

  • Lessee shall pay to Owner the annual Surface Damage Payments due in accordance with Paragraph 7b.

  • Any rights with respect to Damage Payments which any of the Company Indemnifying Parties or the Seller Representative may, by operation or Law or otherwise, have against the Surviving Entity, KLO, MT or any of their respective Subsidiaries or any such Person shall, effective at the time of the Closing, be deemed to be hereby expressly and knowingly waived.


More Definitions of Damage Payments

Damage Payments means the terms of any payment for
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Related to Damage Payments

  • Damage Payment means the dollar amount that equals the amount of the Development Security.

  • Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

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