Fixed Deferred Payment definition

Fixed Deferred Payment has the meaning set forth in Section 2.4.
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Fixed Deferred Payment shall have the meaning set forth in Section 2.1(b)(i).
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Examples of Fixed Deferred Payment in a sentence

  • Schedule 2.4 (Fixed Deferred Payment Schedule) to the Purchase Agreement is hereby deleted in its entirety and replaced with Schedule 2.4 attached hereto.

  • If Buyer makes the scheduled payment under the Base Note, but defers the Fixed Deferred Payment, that shall be regarded as a deferral for purposes of the preceding sentence.

  • Commencing on the first Quarterly Payment Date following the Closing Date and on each Quarterly Payment Date thereafter, continuing through the Quarterly Payment Date immediately following December 31, 2007 (the "Fixed Payment Term"), Buyer shall make a payment to Seller (a "Fixed Deferred Payment") as set forth on Schedule 2.4 hereto (subject to adjustment as provided in Section 2.6 hereof).

  • In the event that the aggregate sales (not counting Excluded Sales) of synthetic fuel produced at the Facility fall below 175,000 tons for any Quarter (for any reason, including without limitation, a force majeure event), Buyer may defer the scheduled payment under the Base Note and the Fixed Deferred Payment for such Quarter by giving Seller written notice of such deferral on or before the Quarterly Payment Date in the form of a notice substantially similar to Exhibit C hereto.

  • Any Fixed Deferred Payment shall bear interest in accordance with Section 8.12(b) hereof.

  • If Buyer’s equityholder(s) sell or transfer the ownership interests of Buyer to any buyer who is not an Affiliate of Buyer (including by merger), then all Fixed Deferred Payment shall become immediately due and owing and shall be paid out of the proceeds of any such sale of the ownership interests.

  • If the Buyer sells all or substantially all of the stock or assets of the Company to a buyer who is not an Affiliate of the Buyer, then the Fixed Deferred Payment shall become immediately due and owing and shall be paid out of the proceeds of any such sale of stock or assets of the Company.

  • The Purchaser shall pay to the Seller, in immediately available funds to an account designated by the Seller not later than two Business Days prior to the date of payment, the Fixed Deferred Payment for fiscal years 2008 and 2009 within five (5) Business Days following completion of the audited financial statements of the Company for 2008 and 2009, respectively.

  • In the event that the aggregate sales (not counting Excluded Sales) of synthetic fuel produced at the Facilities fall below 525,000 tons for any Quarter (for any reason, including without limitation, a force majeure event), Buyer may defer the scheduled payment under the Base Note and the Fixed Deferred Payment for such Quarter by giving Seller written notice of such deferral on or before the Quarterly Payment Date in the form of a notice substantially similar to Exhibit C hereto.

Related to Fixed Deferred Payment

  • Deferred Payment 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, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • 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.

  • Deferred payment agreement means an agreement in which no installment payments are required

  • Class A-PO Deferred Amount For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.