Net Payment Amount definition

Net Payment Amount means, for a Calculation Period, the excess of the larger aggregate amount payable and currently owed by one party over the smaller aggregate amount payable and currently owed by the other party.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Net Payment Amount has the meaning specified in Section 9.5.2.

Net Payment Amount means with respect to any MRA Payment Date, an amount equal to (i) the sum of the amounts payable by Seller pursuant to Sections 2.03, 2.04 or 2.05, as applicable, minus (ii) the amounts, if any, that will be payable to Seller hereunder or under the Participation Agreement.

Examples of Net Payment Amount in a sentence

Where, Net Payment Amount shall mean, for a Calculation Period, the excess of the larger aggregate amount payable and currently owed by one party over the smaller aggregate amount payable and currently owed by the other party.
Determinations of any true-up amount set forth in Section 9.6 on an interim basis shall be included in the first Net Payment Amount Invoice delivered following such determination.
The Party owing the Net Payment Amount shall pay such amount to the other Party on or prior to 3:00 p.m. EPT on such day, subject to Section 9.9.
The MSCG Purchase Payment Amount and the PBF Purchase Payment Amount in respect of each Delivery Date shall be payable on the third Business Day following each such Delivery Date and shall be included on the Net Payment Amount Invoice delivered on such third following Business Day.
The Monthly True-Up Payment shall be included on the Net Payment Amount Invoice delivered on the first Business Day following MSCG’s delivery to PBF of the Monthly True-Up Notice and all related supporting documentation.

More Definitions of Net Payment Amount

Net Payment Amount means, on each Payment Date, the sum of all Loss Payment Amounts for all Covered Events for all Payment Dates up to and including such Payment Date.

Net Payment Amount has the meaning specified in Section 3.6.3.

Net Payment Amount means in connection with any Sale Leaseback Transaction, at any time of determination thereof, the remaining aggregate amount of lease rental payments required to be made by a Loan Party pursuant to the terms of the original lease agreements pursuant to such Sale Leaseback Transaction, as appropriately discounted.

Net Payment Amount shall have the meaning assigned thereto in Section 2.4(b).

Net Payment Amount means, with respect to any Annual Period or Measurement Period, as applicable, the amount equal to the sum of (i) all Contingent Support Payments paid to OpCo Purchaser in connection with such Annual Period or Measurement Period, as applicable, plus (ii) any Quarterly Adjustment Payments paid by Seller to OpCo Purchaser in connection with such Annual Period or Measurement Period, as applicable, minus (iii) any Quarterly Adjustment Payments paid by OpCo Purchaser to Seller in connection with such Annual Period or Measurement Period, as applicable.

Net Payment Amount means an amount equal to EUR 282,000 or any higher net amount paid (whether in cash and/or by way of offset against amounts due from [*] to the Company) by the Company in accordance with the final settlement of the [*] Claim; “Notary” means an Italian public notary designated by the Purchaser; “Notice of Claim” a written notice to the Seller, given by or on behalf of the Purchaser in relation to any Claim and specifying, in reasonable detail, the matter(s) which give rise to the claim, the nature of the claim and (to the extent capable of quantification) the amount claimed in respect thereof (or the Purchaser’s good faith estimate of such amount if such amount cannot be definitively quantified at the time the Notice of Claim is given); “Permitted Leakage” means:

Net Payment Amount means (i) the amount charged to Customers for Product, plus (ii) any amounts owed but not paid by ZFS to LRF, regardless of whether such amounts were included in any other Invoice, minus (iii) the Marketing Fee, minus (iv) Expenses paid by ZFS, minus (v) any other amounts owed but not paid by LRF to ZFS.