Equity Payment definition

Equity Payment means a payment that is required to be made by Borrower to Lender pursuant to Section 4(iv) of the Purchase Agreement.

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Equity Payment means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Company or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Company or any option, warrant or other right to acquire any such Equity Interests in the Company.

Equity Payment means, with respect to any Homeowner, a payment or credit (other than an Equity Loan) made to such Homeowner at the time of, or following the execution of, the related Home Purchase Contract by such Homeowner in respect of its equity interest in a Home as determined pursuant to the applicable Home Purchase Contract.

Examples of Equity Payment in a sentence

• The Fee is due and payable to the Advisor by wire transfer (and by delivery of a share certificate if the 25% Equity Payment method is selected) at the closing of the Business Combination (“Closing”).

• Thus, the value of the Designated Number of New Shares shall be equal in value to [***] percent ([***]%) of the total equity of NTC existing on the date of the Equity Payment Event.

• The Company shall, within fifteen days of learning of any such default, so notify Executive that it is not obligated to pay the Phantom Equity Payment otherwise due hereunder.

• Upon their issuance pursuant to this Agreement, the shares of Common Stock representing the Equity Payment will be duly authorized, validly issued, and fully paid and nonassessable, free and clear of any Liens.

• The amount of each such partial payment shall equal each relevant Lender Group’s Allocable Share of the entire Equity Payment then due; provided, that in no event shall any partial payment be made under a Loan Agreement, if, at such time, any Termination Event or Event of Default has occurred and is continuing under such Loan Agreement.

More Definitions of Equity Payment

Equity Payment any distribution of earnings or capital, or any dividend payment, redemption or other payment in respect of Stock, either directly or indirectly, whether in cash or property or in obligations of any Loan Party.

Equity Payment has the meaning set forth in the definition of Minimum TNW.

Equity Payment means each payment made by the Vessel Sponsors to the Borrower, whether by a Shareholder Loan or otherwise, pursuant to its obligations under Clause 2 of the Vessel Sponsors’ Undertaking to finance the payment by the Borrower of that part of the Current Project Cost not financed by a Loan;

Equity Payment means the payment to be made to the Band, calculated in the same manner as provided for in subsection 3.01(a) of the Framework Agreement, which Canada and the Band have agreed is $10, 217, 832.70;

Equity Payment shall have the meaning set forth in Section 2.6(b)(iii).

Equity Payment is defined in Section 6.7.

Equity Payment means, in respect of a particular Entitlement Band, the payment to be made to the Entitlement Band as calculated in accordance with section 3.01, the amount of which is set forth in column 12 of Schedule 1;