Final Payment Amount definition
Examples of Final Payment Amount in a sentence
In the event that the Standstill Period terminates for any reason other than payment of the Final Payment Amount, then EDISON and SELLER may seek to cause any stay entered in any court or regulatory proceeding to be lifted or dissolved but such right shall be without prejudice to either Party's position regarding any stay that may issue in connection with a bankruptcy proceeding.
On the Final Payment Date, as defined below, EDISON shall pay to SELLER the Final Payment Amount, as determined in accordance with Section 3.2.5 of this Agreement.
The Final Payment Amount is equal to (i) the Stipulated Amount; (ii) plus all accrued but unpaid interest thereon (if any) pursuant to Section 3.2.2; (iii) less all partial payments of the Stipulated Amount made by EDISON pursuant to Section 3.2.3 or otherwise; (iv) adjusted by the Interim Payment Amount (if any), as defined below.
The Final Payment Amount falls due and must be paid in full on the Due Date under the Loan Agreement.
If you have met the above Sell Back Conditions on the Due Date, then the Final Payment Amount will have been paid and you will have sold us the Vehicle on that date.