Expiration Payment definition

Expiration Payment has the meaning given to that term in Section 9.5.
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Expiration Payment has the meaning given to that term in Section 9.4.4. “Extraordinary Price Adjustment” has the meaning given to that term in Section 9.3 hereof.
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Expiration Payment means the positive difference (if any) between (i) Eight Million Dollars ($8,000,000), less (ii) the sum of all Profit Participation payments made as of the Expiration Date.
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Examples of Expiration Payment in a sentence

  • The Expiration Payment shall be made in a lump sum on the date that is sixty (60) calendar days following the expiration of the Employment Period.

  • Any Expiration Payment shall be treated by the Regulatory Office as an anticipated Receipt for purposes of making rate adjustment calculations under this Article 9.

  • The Expiration Payment shall be made in a lump sum on the date that is 60 calendar days following the expiration of the Employment Period.

  • It is the intention of the parties that, from and after the Second Rate Rebasing Date, the rates for water and sewerage services provided by the Concessionaire shall be set at level that will permit the Concessionaire to recover over the term of the Concession (net of any grants from third parties and any possible Expiration Payment) Expenditures efficiently and prudently incurred and to earn a reasonable rate of return (referred to herein as the “Appropriate Discount Rate”).

  • The Concessionaire, however, shall be precluded from recovering the aforementioned unforeseen capital expenditure both as Expiration Payment and as part of the Early Termination Amount.

  • Upon receipt by PTS and/or its designated Affiliate of either the Operational Override Expiration Payment or the Operational Override Early Payment, DAKP shall have no further obligation to pay, and PTS and its Affiliates shall have no further right to receive, the Operational Override.

  • The Expiration Payment shall be made in a lump sum on the date that is 30 calendar days following the expiration of the Employment Period.

  • The Expiration Deposit has been earned by Escrowee as of the execution of the Amendment and Escrowee may deduct from the Escrow upon its unilateral election, as of the sooner to occur of: (i) a Bankruptcy Event; (ii) a Default Event; (iii) an Acceleration Event; or (iv) as to the applicable Expiration Payment, the Early Expiration Date applicable to an Additional Termination Area if Tenant fails to timely deliver a Lease Affirmation Notice.

  • If the entire Project has not been Transferred prior to the Expiration Date, then Brocade shall pay the Expiration Payment (if any) to MFP/Hunter on the Expiration Date.

  • Notwithstanding the foregoing, there shall be no Early Expiration Payment in the event that, in connection with such termination, Tenant and Landlord (or Landlord's affiliate) have executed and delivered a new lease in a building owned by Landlord or Landlord's affiliate for premises consisting of a greater number of rentable square feet than the Premises.