Deferred Payment Note definition

Deferred Payment Note shall have the meaning set forth in the Asset Purchase Agreement.
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Deferred Payment Note shall have the meaning assigned to such term in the Transfer Agreement.
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Deferred Payment Note shall have the meaning set forth in Section 10.04(b) of this Participation Agreement.
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Examples of Deferred Payment Note in a sentence

  • The Buyer shall have the right to satisfy any Loss hereunder by seeking to offset such Loss against Deferred Payments owing to the Seller pursuant to Article III hereof, including payments owing under any Deferred Payment Note.

  • The Deficit shall be payable in cash or, at the Buyer's option, by delivery of a Deferred Payment Note to the extent same is permitted under Section 3.3. Interest on any Deferred Payment Notes will be excluded in determining the Deficit.

  • The payment of the Fundamental Event Amount shall be deemed as a full and complete redemption and discharge of the Deferred Payment Note.

  • Notes in the aggregate ------------------------------- principal amount equal to the Deferred Payment Note Principal Payment shall have been duly executed and delivered to the Purchasers.

  • At and as of the payment in full of the Deferred Payment Note and the Secured Acquired Assets Promissory Note, the Buyer will have good and valid title to all of the Acquired Assets, free and clear of all Encumbrances other than any Encumbrance arising as a result of any action by the Buyer.

  • Payments in any given fiscal year of Solutia made by Solutia under the Solutia Deferred Payment Note shall be taken into account in calculating (A) the Solutia Cap for the fiscal year in which such payments are made, (B) the Solutia Payment and/or (C) with respect to payments of principal only, the Solutia share of the Shared Payment for the fiscal year in which amounts being repaid were borrowed.

  • Any amounts not paid when due under the Deferred Payment Note shall bear interest at the Overdue Rate.

  • If any provision of this Deferred Payment Note is in conflict with any statute or rule of law of the State of New York or is otherwise unenforceable for any reason whatsoever, then such provision shall be deemed to be restated so that it may be enforced to the fullest extent permitted by law, and the remainder of this Deferred Payment Note shall remain in full force and effect.

  • On the Tier II Closing (as defined in Section ------- 3.2 below), Buyer shall pay to Seller (i) $750,000 plus the Tier I Non-Deferred Amount (as calculated in accordance with Section 2.3.1 below) in cash by certified check or by wire transfer and (ii) the Tier I Deferred Amount (as calculated in accordance with Section 2.3.1 below) pursuant to a Deferred Payment Note in the form attached hereto as Exhibit L, with an initial principal --------- balance equal to the Tier I Deferred Amount.

  • It is agreed that time is of the essence in the performance of this Deferred Payment Note.


More Definitions of Deferred Payment Note

Deferred Payment Note means any agreement between the parties to the Transfer Agreement whereby the Buyer agrees to repay the Originator for any unpaid portion of the Purchase Price to the Originator (with such terms having the meanings set forth in the Transfer Agreement).
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Deferred Payment Note means a promissory note of the Company payable to a Bank, substantially in the form of Exhibit G, evidencing all accrued and unpaid interest and fees owed to such Bank under the Existing Credit Agreement as of the Closing Date (except to the extent waived by such Bank).
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Related to Deferred Payment Note

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred payment agreement means an agreement in which no installment payments are required

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.