Extension Payment definition

Extension Payment means the amount due, if any, in connection with the change or extension of the Mandatory Tender Date pursuant to Section 3.07, and (a) which shall be determined by a Cash Flow Projection approved in writing by the Rating Agency and (b) must consist of Eligible Funds.

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Extension Payment means, with respect to each one year extension of this Agreement as provided in Section 5(b) hereof, an amount in cash equal to $1,000,000.

Extension Payment means the amount due, if any, in connection with the change or extension of the Mandatory Tender Date pursuant to Section 3.07 hereof, and which shall be determined by a Cash Flow Projection.

Examples of Extension Payment in a sentence

The Extension Payment shall be applicable to the Purchase Price at Closing.
The Escrow Agent shall pay the Extension Payment to Seller at and upon the Closing, or otherwise, to the party entitled to receive the Extension Payment in accordance with this Agreement.
Buyer shall have until three (3) business days after receipt of Seller’s Title Response Notice to elect to proceed with the purchase or terminate this Agreement and receive a refund of the ▇▇▇▇▇▇▇ Money and any Extension Payment.
In the event of such termination, the Escrow Agent shall refund the ▇▇▇▇▇▇▇ Money and any Extension Payment to Buyer and neither party shall have any further rights or liabilities hereunder except as provided in Sections 2.2, 10.2 and 10.10 of this Agreement.
Such request shall also constitute a request for the release of the ▇▇▇▇▇▇▇ Money, the Non-Refundable Vacant Unit Deposit and any Extension Payment in accordance with the terms of this Agreement.

More Definitions of Extension Payment

Extension Payment has the meaning set forth in Section 8.1(a).

Extension Payment has the meaning set forth in Section 10.1(d).

Extension Payment has the meaning set forth in Section 3.2(a)(iii).

Extension Payment means the amount due, if any, to provide adequate additional funds for the payment of Bond Service Charges and Administrative Expenses during a Remarketing Period connection with the change or extension of the Mandatory Tender Date pursuant to Section 3.07 hereof, and which (a) shall be determined by a Cash Flow Projection approved in writing by the Rating Agency and (b) must consist of Eligible Funds.

Extension Payment has the meaning given to it in Section 2.2(b) of this Agreement.

Extension Payment has the meaning specified in Section 2.1(a).

Extension Payment means the number of tonnes of Finished Cobalt calculated in accordance with Section 5.4(b).