Fraction Payment definition

Fraction Payment means any cash paid for fractional share interests paid pursuant to Section 2.10(e) of this Agreement.

Examples of Fraction Payment in a sentence

  • Fraction Payment" shall mean any cash paid for ----------------- fractional share interests paid pursuant to Section 2.10(e) of this Agreement.

Related to Fraction Payment

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.