Deferred Payment Obligation definition

Deferred Payment Obligation means such portion of any purchase price or other similar obligation due and owing for the purchase or acquisition of capital assets after the date of consummation of the underlying transaction or imposition of such obligation, in each case, establishing such deferred purchase price or other similar obligation; provided that “Deferred Payment Obligation” shall not include any amount due under a lease that is classified as an operating lease under GAAP.
Deferred Payment Obligation shall have the meaning set forth in Section 1.6 hereof.
Deferred Payment Obligation means the obligation of the L/C Issuer to make payment to a beneficiary arising under a Letter of Credit a fixed number of calendar days after such beneficiary presents the documents called for in such Letter of Credit and with respect to which a draft is not drawn by the beneficiary.

Examples of Deferred Payment Obligation in a sentence

  • The Deferred Payment Obligation and the Primary Obligations hereinafter collectively referred to as, the “Obligations”.

  • The terms of the Spin-Off Sale include deferred payments to be made to Deliverance over a period of five years ("Deferred Payment Obligation").

  • Deferred Payment Obligation, including carry charges705,698,193689,179,1272503.

  • Immediately following the Spin-Off Sale, Deliverance will transfer the Deferred Payment Obligation to the Company and the Company will distribute the Deferred Payment Obligation to the Stockholders in redemption of some of their shares (the "Redemption").

  • As promptly as practicable after making a decision to defer all or any portion of any Excess Payment Obligation pursuant to this Section 3.04(e) and in any event not later than five (5) Business Days prior to the date upon which any Deferred Payment Obligation shall become due and payable, Solutia shall notify Monsanto in writing (a “Deferral Notice”) of the amount, nature and payment terms of any such Deferred Payment Obligation.


More Definitions of Deferred Payment Obligation

Deferred Payment Obligation as defined in the recitals to this Agreement.
Deferred Payment Obligation has the meaning assigned to such term in the Letter of Credit.
Deferred Payment Obligation has the meaning specified in the Base Indenture.
Deferred Payment Obligation means the obligation of Paperweight Development Corp. to pay Arjo Xxxxxxx North American Investments Ltd. approximately $321 million on the terms and conditions set forth in Schedule 2.3 of the Purchase Agreement by and among AWA, Arjo Xxxxxxx US Holdings Ltd., Arjo Xxxxxxx North American Investments Ltd., Paperweight Development Corp. and New Appleton LLC, dated as of July 5, 2001, excluding any refinancings thereof.
Deferred Payment Obligation means the right to receive future payments from insureds under an insurance contract, that provides for deferred premium payments financed by an Originator (directly or through an acquisition from a Third Party Originator) in accordance with the Guidelines under a Premium Finance Assignment Agreement plus any rights against the insurer, and any related security or credit enhancement.
Deferred Payment Obligation means, collectively, (i) the Deferred Payment Amount (as defined in the Purchase Agreement) and (ii) the Seller Note (as defined in the Purchase Agreement).
Deferred Payment Obligation has the meaning given to the termDeferred Payment Amount” in the Acquisition Agreement. It being understood that the Deferred Payment Subordinated Note will not be deemed to be part of the Deferred Payment Obligation.