GeoNova Reimbursement Amount definition

GeoNova Reimbursement Amount means: (1) if the Company or GeoNova is required to make any payments pursuant to the employment agreement with either of Robert Binford or James Hilliard that are determined with reference to the GeoNova 2007 Actual Gross Revenue or the GeoNova 2007 Actual EBITDA, 63.27% of the sum (if greater than zero) of (x) $[***], plus (y) any amounts payable by the Company or GeoNova pursuant to the employment agreements with each of Robert Binford and James Hillard that are determined with reference to the GeoNova 2007 Actual Gross Revenue or the GeoNova 2007 Actual EBITDA, minus (z) GeoNova 2007 Actual EBITDA determined before giving effect to the payments in clause (y) above; or (2) if the Company or GeoNova are not required to make any payments pursuant to the employment agreement with either of Robert Binford or James Hilliard that are determined with reference to the GeoNova 2007 Actual Gross Revenue or GeoNova 2007 Actual EBITDA, or if the sum in the foregoing clause (1) would be less than or equal to zero, $0.
Sample 1
GeoNova Reimbursement Amount means: (1) if the Company or GeoNova is required to make any payments pursuant to the employment agreement with either of Xxxxxx Xxxxxxx or Xxxxx Xxxxxxxx that are determined with reference to the GeoNova 2007 Actual Gross Revenue or the GeoNova 2007 Actual EBITDA, 63.27% of the sum (if greater than zero) of (x) $[***], plus (y) any amounts payable by the Company or GeoNova pursuant to the employment agreements with each of Xxxxxx Xxxxxxx and Xxxxx Xxxxxxx that are determined with reference to the GeoNova 2007 Actual Gross Revenue or the GeoNova 2007 Actual EBITDA, minus (z) GeoNova 2007 Actual EBITDA determined before giving effect to the payments in clause (y) above; or (2) if the Company or GeoNova are not required to make any payments pursuant to the employment agreement with either of Xxxxxx Xxxxxxx or Xxxxx Xxxxxxxx that are determined with reference to the GeoNova 2007 Actual Gross Revenue or GeoNova 2007 Actual EBITDA, or if the sum in the foregoing clause (1) would be less than or equal to zero, $0.
Sample 1

Examples of GeoNova Reimbursement Amount in a sentence

  • Within 30 days after the final determination of the GeoNova 2007 Actual Gross Revenue and GeoNova 2007 Actual EBITDA, the Escrow Agent shall pay to Discovery, by wire transfer of immediately available funds, the GeoNova Reimbursement Amount (if any) from the GeoNova [***] These portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment.

Related to GeoNova Reimbursement Amount

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Reimbursement Amount As defined in Section 2.04.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Workout-Delayed Reimbursement Amount has the meaning set forth in subsection (II)(i) of Section 5.2(a).

  • Reimbursement Amounts As defined in Section 3.22.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • Cost Reimbursement means a contract which provides for a fee other than a fee based on a percentage of cost and under which a contractor is reimbursed for costs which are allowable and allocable in accordance with the contract terms.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Reimbursement Date as defined in Section 2.4(d).

  • Borrower Delayed Reimbursements Any Additional Trust Fund Expenses and reimbursements of Advances that the related Mortgagor is required, pursuant to a written modification agreement, to pay in the future to the Trust in its capacity as owner of the related Mortgage Loan.