Execution Payment definition

Execution Payment shall have the meaning set forth in Section 5.4(a).
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Execution Payment shall have the meaning set forth in Section 3.2.1.
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Execution Payment is that payment which is specified in Schedule 3.
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Examples of Execution Payment in a sentence

  • All cash settlements of cash liabilities shall take place between Holdings and Dresser at least ten (10) days prior to the date the related taxes are payable, whether for estimated taxes or otherwise, and upon execution of this Agreement for taxes due prior to the date of this Agreement ("Execution Payment").

  • In the event that the Product has not passed the Quality Assurance Requirements, as mutually determined by the parties, on or before July 31, 2003, then (i) Licensor will refund, no later than August 15, 2003, that portion of the Execution Payment that is in excess of the aggregate Licensor Costs ***, and (ii) Licensee will not be obligated to pay the 2004 Payment to Licensor.

  • In the event that the Product does satisfy the Quality Assurance Requirements, as mutually determined by the parties, on or before July 31, 2004, then (a) Licensee will pay that portion of the Execution Payment previously refunded to it as contemplated above and shall pay to Licensor the 2004 Payment.

  • Nothing contained in this Section shall permit modification of the Execution Payment, the Development Milestone Fee and Sales Milestone Fees pursuant to Article 3.

  • Payment of the Execution Payment, the Development Milestone Fee, and each Sales Milestone Fee shall be due and be made within the periods referred to in Sections 3.2.2, 3.3.4 and 3.4.7.

  • The Execution Payment, Closing Payment and Waiver Fee (as defined below) will be paid to each Seller in the amounts listed by such Seller’s name in the attached Schedule 1.

  • The Execution Payment shall be due upon the Effective Date, and Sepracor shall make payment of such Execution Payment in accordance with Section 3.5 no later than thirty (30) days after the Effective Date.

  • It is expressly understood that the Execution Payment, the Development Milestone Fee and each Sales Milestone Fee paid by Partner shall neither be refundable nor refunded for any reason whatsoever.

  • To guarantee the payment of each delivery, the Buyer / Buyer's bank undertakes to open an Irrevocable "Good End Execution", Payment guarantee, confirming the readiness of the Buyer to pay for each and every lot of gold Dore bars delivered on monthly basis, within maximum of 3 working days after execution of contract.

  • Payment Due from Tenant on Lease Execution: Payment of the installment of Base Rent for the first full calendar month of the Term plus delivery of the Security Deposit.


More Definitions of Execution Payment

Execution Payment shall have the meaning set forth in Section 8.1. Confidential/Basilea Pharmaceutica International Ltd. & Correvio International Sàrl page 6 of 80
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Related to Execution Payment

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.