Exit Payments definition

Exit Payments means an exit payment in an amount equal to (i) with respect to the Revolving Credit Facility, 5.00% of the Revolving Credit Commitments in effect on the Closing Date (such exit payment, the “Revolving Facility Exit Payment”), which such Revolving Facility Exit Payment shall be payable pursuant to and in accordance with Section 2.09(c)(i), (ii) with respect to the Initial Term B Loans, 2.12% of the aggregate principal amount of Initial Term B Loans incurred on the Closing Date (such exit payment, the “Initial Term B Loan Exit Payment”), which such Initial Term B Loan Exit Payment shall be payable pursuant to and in accordance with Section 2.09(c)(ii) and (iii) with respect to the Delayed Draw Term Loans, 1.50% of the aggregate principal amount of the Delayed Draw Term Loans incurred on the Delayed Draw Funding Date (such exit payment, the “Delayed Draw Term Loan Exit Payment”), which such Delayed Draw Term Loan Exit Payment shall be payable pursuant to and in accordance with Section 2.09(c)(ii).
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Exit Payments means the bonuses and gratifications due and payable by the Company to the persons entitled to receive the same, as set forth in the Flow of Fund Certificate.
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Exit Payments has the meaning set forth in Section 2(a).
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Examples of Exit Payments in a sentence

  • Crane, Exit Payments in Settlement of Patent Infringement Lawsuits: Antitrust Rules and Economic Implications, 54 FLA.

  • Crane, Exit Payments in Settlement of Patent Infringement Lawsuits: Antitrust Rules and Economic Implications, 54 Fla.

  • If the Repayment of Public Sector Exit Payments Regulations 2016 come into force, any employee or office holder who earns above the threshold set out in the Regulations, will be required to repay in full or part, to the employer who made the payment, any exit payment they receive should they return to any part of the public sector (see the Regulations for a full list), either on or off payroll, within 12 months.

  • The Government is proposing to introduce a cap on Public Sector Exit Payments.

  • During the summer of 2016 the Government announced a proposal for a Regulation entitled “The Repayment of Public Sector Exit Payments Regulations”.

  • Public Sector Exit Payments, Review of Academies, Tier 3 Employers and procurement of new contract for Fund Actuary and Investment Advisors.

  • Repayment of Public Sector Exit Payments Regulations The Government’s proposed regulations for repayment of exit payments are not yet in place and there is currently no date for implementation.

  • The EPA also found that the provision preserves almost all remaining assimilative capacity, and would not result in a significant degradation of high quality waters.

  • Service lateral conduits shall be one continuous, unbroken conduit from the elbow to the point of attachment at the meterbase hub.4. Location(s) 1 Table1.12.

  • The proposed ‘Public Sector Exit Payments (Limitation) Bill 2017-19 has been delayed and timescales for likely implementation are unclear.


More Definitions of Exit Payments

Exit Payments means those payments to be made to the Company by FWC pursuant to Section 2(a) of the Exit Funding Agreement.
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Exit Payments has the meaning given to it in Section 12.1 of this Schedule.
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Exit Payments means a schedule of all payments required to be made or funded by the Debtors under the Plan on or before the Effective Date (including on account of accrued and unpaid professional fees and expenses).
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Related to Exit Payments

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Earnout Payments has the meaning specified in Section 2.7.

  • Debit Payment means a particular transaction where a debit is made.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Change in Control Payments means all change in control, transaction, retention and similar bonuses or payments, paid or payable by the Acquired Companies to any current or former directors, managers, officers, employees, or other Persons as a result of the Closing of the Transactions or the execution of this Agreement, including any deferred compensation, in each instance, plus the employer portion of any employment Taxes due in connection with any such payments, but excluding, for the avoidance of doubt, severance payments relating to a termination of employment following the Closing.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Bonus Payments means that portion of the bonus payments received by the

  • Debt Payments means for any period, in each case, all cash actually expended by any Borrower to make: (a) interest payments on any Advances hereunder, plus (b) scheduled principal payments on the Equipment Loans plus (c) scheduled principal payments on the Term Loans plus (d) payments for all fees, commissions and charges set forth herein, plus (e) payments on Capitalized Lease Obligations, plus (f) payments with respect to any other Indebtedness for borrowed money.

  • Change of Control Payments means all change of control, bonus or other similar payments that are payable by the Company Group to any Person in conjunction with the consummation of the transactions contemplated hereby, together with any employer-paid portion of any employment and payroll taxes related thereto.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • 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.

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

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

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

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

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).