ICP First Payment definition

ICP First Payment means the aggregate amount of all payments owing to ICP Partners pursuant to the ICP Program as of the last day of the ICP First Escrow Period.
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Examples of ICP First Payment in a sentence

  • Upon the expiration of the ICP First Escrow Period, the ICP First Payment shall be disbursed to the applicable ICP Partners.

  • If the ICP Escrow Amount is not sufficient to cover the ICP Closing Payments, the ICP First Payment, the ICP Second Payment, and any indemnification obligations of Seller with respect to Losses incurred by the Buyer Indemnitees in accordance with Section 6.02(f), Seller shall pay to Buyer (or its designee) an amount equal to such outstanding amount to such amount.

  • Following the ICP First Payment, any remaining balance of the ICP Escrow Amount minus the maximum ICP Second Payment and the remaining balance of the ICP Expense Fund to the extent not yet disbursed, shall be disbursed to Seller.

Related to ICP First Payment

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • 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.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Compensating Interest Payment As defined in Section 6.06.

  • Interest Payment Amount means, for a Class of Notes and any Payment Date, the Interest Accrual Amount for that Class of Notes, less any Modification Loss Amount for that Payment Date allocated to reduce the Interest Payment Amount for that Class of Notes.