Non-Refundable Payments definition

Non-Refundable Payments means the initial $500,000 non-refundable payment, together with any additional non-refundable payments made pursuant to Section 4.1(b).
Non-Refundable Payments. (SEE ADDENDUM FOR STOCK TRANSACTION) The Master Licensee shall also pay to Xxxxxx Post, the following annual non-refundable license fee for the use of the Spartan name by January 1 of each year during the term of this Agreement and any extension thereof. YEAR ANNUAL LICENSE FEE ---- ------------------ 1 -- JANUARY 1, 2000 $25,000 2 -- JANUARY 1, 2001 $25,000 3 -- JANUARY 1, 2002 $25,000 4 -- JANUARY 1, 2003 $30,000 5 -- JANUARY 1, 2004 $36,000 6 -- JANUARY 1, 2005 $43,200 7 -- JANUARY 1, 2006 $51,850 8 -- JANUARY 1, 2007 $62,200 9 -- JANUARY 1, 2008 $74,650 The annual license fee shall be in addition to the normal royalty payments. The non-refundable payments will be added along with all Quarterly Royalty Payments and any Cumulative Payments for third year renewal and new renewals.

Examples of Non-Refundable Payments in a sentence

  • Non-Refundable Payments shall have the meaning ascribed to such term in the definition of Acquisition Expenses.

  • Our recommendation was that a unique identifier be used for each building in the state’s inventory because multiple identification methods were creating confusion among stakeholders about the identity and function of some buildings.

  • The Sellers and the Companies acknowledge and agree that the liability of both the Purchaser and Citadel for the failure of either or both of them to consummate the transactions contemplated pursuant to this Agreement shall be limited to the Escrow Deposit, as set forth in Section 13.1, and the Non-Refundable Payments.

  • The Non-Refundable Payments are not refundable by the Sellers to the Purchaser under any circumstances.

  • See:❖ Template 2: Refundable and Non-Refundable Calcs,❖ Template 3: Admin Fee & Non-Refundable Payments TAX Invoice❖ Template 4: Refundable Security Deposit Voucher The final approved wayleave must be collected by the Service Owner or delegated Engineer.

  • Each of the above-described payments (collectively, the "Non-Refundable Payments") will be fully earned by the Sellers as of, in the case of the first payment, when the Sellers execute and deliver this Agreement, in the case of the second payment, when the Sellers execute and submit the FCC Application, and in the case of the third payment, when the Sellers execute and submit the filings required of them pursuant to the HSR Act.

  • Date Changes: At the election of Grandview Non-Refundable Payments may be transferable up to two (2) times, based on availability.

  • If the Option is so terminated in accordance with either of sections 1.2 or 1.3 hereinabove then the Optionee shall have no right, entitlement or interest, legally or equitably, in and to any of the Assets, and the Non-Refundable Payment(s) theretofore made to the Optionor by the Optionee shall continue to be non-refundable for which the Optionee shall have no recourse whatsoever.

Related to Non-Refundable Payments

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Termination Payments has the meaning specified in Section 10(a).

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Reasonable payment means, with respect to perfessional and other tech- nical services, a payment in an amount that is consistent with the amount nor- mally paid for such services in the pri- vate sector.

  • Termination Fee has the meaning set forth in Section 7.02(a).

  • Service Payment has the meaning given to it in clause 9.1;

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Upfront Fees means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivables Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement.

  • Aggregate Payments as defined in Section 7.2.

  • avoidable costs means those costs which would not be incurred by the Licensee if he did not supply the consumers in question, including (but with due regard to the timing thereof all relevant future outlays affected by the decision to supply; and"terms"means all the terms on which a supply of gasis provided or offered, whether as respects charges, methods of payment or otherwise.

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

  • Termination Payment has the meaning set forth in Section 6.03.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.