In-Kind Payment definition

In-Kind Payment means the right of each Royalty Holder (as defined in the Royalty Agreement), in its sole and absolute discretion, to elect to receive the Royalty Payments to which it is entitled as an in-kind payment by way of physical allocation of Coal produced from the Royalty Properties to the electing Royalty Holder, in accordance with the terms of the Royalty Agreement, free and clear of Liens.

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In-Kind Payment means an in kind prepayment made by or on behalf of any Landowner of Non-Ad Valorem Assessments levied against such Landowner's property by the surrender and cancellation of a principal amount of Bonds of a Series equal to the principal amount of the Non-Ad Valorem Assessments levied by the Issuer against such property for the purpose of paying the Debt Service Requirements on the Series of Bonds to be prepaid, all in accordance with the provisions of Section 9.08(c) of this Master Indenture.

In-Kind Payment has the meaning set out in Exhibit A to these share terms;

Examples of In-Kind Payment in a sentence

Additionally, notwithstanding anything herein to the contrary, in the event of a dividend by the Company, Holder shall be entitled to its share of the dividend, be it stock dividend or cash dividend, or any similar transaction or distribution by the Company (a “Dividend”), in Holder’s capacity as a noteholder, to the same extent as though the Holder had shares of stock issued to Holder as an In-Kind Payment, calculated on the day of such Dividend, without regard to the last 3 paragraphs of Section 5.
The Company understands and acknowledges that the number of In-Kind Payment Shares issuable upon conversion of the Notes will increase in certain circumstances.
The ADHS shall have full, complete and exclusive rights to reproduce, duplicate, adapt, distribute, display, disclose, publish, release and otherwise use all Materials.
The Company will pay, and save and hold the Buyers harmless from any and all liabilities (including interest and penalties) with respect to, or resulting from any delay or failure in paying, stamp and other taxes (other than income taxes), if any, which may be payable or determined to be payable on the execution and delivery or acquisition of the Notes, Warrants, In-Kind Payment Shares or Warrant Shares.
The Company shall maintain at its principal executive offices (or such other office or agency of the Company as it may designate by notice to each holder of Securities), a register for the Notes in which the Company shall record the name and address of the Person in whose name the Notes have been issued (including the name and address of each transferee), the amount of Notes held by such Person and the number of In-Kind Payment Shares issuable upon conversion of the Notes held by such Person.
Engineering service costs associated with GIS and initial project construction may not be considered for In-Kind Payment credit.
Credit for In-Kind Payment shall only apply to Assets constructed or installed within the first five (5) years of this Agreement.
To qualify for In-Kind Payment credit, material must conform to the Technical Standards and Specifications (“TSS”) set forth on Exhibit A to this Agreement and may include, but not be limited to, innerduct, conduit, manholes, and hand holes comprising the Asset, and restoration material such as concrete, asphalt, and brick.
As used herein, In-Kind Payment shall be calculated as sixty-five percent (65%) of the agreed upon cost of qualifying work performed by Lessee, and shall be credited against the amounts due under equal monthly amounts pro-rated over the remaining portion of the Term for Rent until such In-Kind Payment has been fully applied.
Non-qualifying material costs may be authorized by the City for In-Kind Payment credit if requested in writing and approved in advance by the Conduit System Manager provided said material is used specifically for the construction of an Asset to be owned by the City.

More Definitions of In-Kind Payment

In-Kind Payment has the meaning ascribed thereto in Section 3.6(2).

In-Kind Payment means cannabis product produced by the Buyer, in same quality and grade as produced by the Buyer in ordinary course, at a conversion price of $2.95 of the Purchase Price per gram of such cannabis product.

In-Kind Payment is defined in Section 1.3(c).

In-Kind Payment means the provision of complimentary TaxAct® Xpert Assist

In-Kind Payment means the right of each EVR Royalty Holder pat, in its sole and absolute discretion, to elect to receive the EVR Royalty payments to which it is entitled as an in-kind payment by way of physical allocation of coal produced from the EVR Royalty Properties to the electing EVR Royalty Holder, in accordance with the terms of the EVR Royalty Agreement, free and clear of liens;