Incentive Amounts definition
Examples of Incentive Amounts in a sentence
Contractor's perfected security interest in such non-current assets, if granted, shall be released by Contractor if Customer performs its obligations with respect to payment of all earned Incentive Amounts, including interest thereon, in accordance with the terms of this Contract, for a period of twenty-four (24) months commencing upon the date that the first Quarterly Incentive Payment Amount is due with respect to the first Launched Satellite.
The Total Amount At Risk shall be placed at risk by Contractor against failure of the Satellites to meet the criteria set forth or referenced in Article 12.3 (Calculation and Earning of Incentive Amounts).
Repayment by Contractor of any unearned Incentive Amounts under this paragraph (e) shall be due thirty (30) Calendar Days after the date of receipt by Contractor of a telefaxed invoice (which shall be followed by the airmailed original) from Customer.
The rights and remedies under this Article 12 (In-Orbit Performance Incentive Payments) are exclusive for the failure of any Satellite after Launch to meet the criteria set forth or referenced in Article 12.3 (Calculation and Earning of Incentive Amounts) and in substitution of any other rights and remedies either Party may have under this Contract or otherwise at law as a result of such failure.
Contractor represents that each Satellite will meet the criteria set forth or referenced in Article 12.3 (Calculation and Earning of Incentive Amounts) during the Orbital Design Life of each Satellite.
The Total Amount at Risk shall be earned by Contractor and paid by Customer to Contractor in the manner and to the extent provided in this Article 12.3 (Calculation and Earning of Incentive Amounts) and paid by Contractor to Customer in accordance with Article 12.6 (Payment and Interest).
To the extent any Satellite satisfies the criteria set forth or referenced in Article 12.3 (Calculation and Earning of Incentive Amounts), Customer shall pay Contractor Incentive Amounts, to be calculated as specified in Article 12.3 (Calculation and Earning of Incentive Amounts).
Contractor shall not be entitled to interest on any Incentive Amounts earned pursuant to this paragraph (4).
Interest on rolled-over Incentive Amounts shall be invoiced and paid on a quarterly-in-arrears basis.
On the other hand, if the aggregate of the Quarterly Incentive Amounts received by the Advisor during such year (but not taking into account any prior years) exceeds the Annual Incentive Amount, then the Advisor shall pay the Company such excess (the "Advisor Refund").