FT Payment definition

FT Payment means 1.25% of the Holdback Fund without reference to deduction for the FT Payment as determined in accordance with this Section 1.13.
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Examples of FT Payment in a sentence

  • The FT Payment shall be paid by or on behalf of Purchaser to FT Partners in accordance with that certain letter agreement by and between the Company and Financial Technology Partners LP and FTP Securities LLC and their successors (together, “FT Partners”), dated April 7, 2014 (the “FT Agreement”).

  • Notwithstanding anything to the contrary contained herein, the Company and the Stockholders acknowledge and agree that the FT Payment and any other payments due to FT Partners pursuant to the FT Agreement shall be the sole responsibility of the Holders and the Holdback Fund shall be reduced by any additional amounts paid to FT Partners by or on behalf of the Company following the Effective Time.

Related to FT Payment

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Debit Payment means a particular transaction where a debit is made.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).