Noncontingent definition

Noncontingent right means a right that is not
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Noncontingent right means a right that is not subject to the exercise of discretion or the occurrence of a specified event that is not certain to occur. The term does not include a right held by a beneficiary if any person has discretion to distribute property subject to the right of any person other than the beneficiary or the beneficiary's estate.
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Examples of Noncontingent in a sentence

  • Non-contingent employees shall have the following days off with pay for holidays or days closed.

  • Non-contingent fees are generally charged to Issuer at the time of the service is requested (not completed or acted upon) and are non-refundable.

  • Non-contingent fees are those incurred after the commencement of the offering, which are not conditional upon a specific amount being invested or raised, or the successful closing of the Offering or any other event and are payable to Jumpstart regardless of result.

  • In consideration for the exclusive license granted hereunder and for the other consideration provided hereunder, Transafe shall pay to ▇▇▇▇▇▇ the Non-contingent Payments and Contingent Payments set forth below, in accordance with the payment schedules, accounting procedures and audit rights set forth below.

  • Non-contingent fees are those which are not conditional upon a specific amount being invested or raised, or the successful closing of the Offering or any other event and are payable to Jumpstart regardless of result.

  • The Option is intended to vest in accordance with the following schedule: 125,000 shares on each of February 28, 2001, September 1, 2001, February 28, 2002 and September 1, 2002 (provided Executive remains employed hereunder) (the "Non-contingent Options").

  • In the event that Agency does credit report any Non-contingent Assigned Claim, Client shall be listed as the creditor.

  • If SEARCHOUND terminates Executive's employment without Cause, SEARCHOUND will continue to pay the Base Salary ("Severance Pay") until the expiration of the later of (i) the Initial Term or (ii) 12 months after termination; and, in addition, all then unvested, Non-contingent Options will be immediately vested and be exercisable for a period of ninety (90) days.

  • If the CEO and/or the Board of Employer terminates Executive's employment without Cause, Employer will continue to pay the Base Salary ("Severance Pay") until the expiration of the later of (i) the Initial Term or (ii) 12 months after termination; and, in addition, all then unvested, Non-contingent Options will be immediately vested and be exercisable for a period of ninety (90) days.

  • Should Seller or the Shareholder fail or refuse to pay any such amounts promptly after the request of Purchaser, then Purchaser, at its election, may from time to time cancel the number of Contingent Shares and/or Noncontingent Shares having a fair market value equal to the amounts thus due and owing to Purchaser.

Related to Noncontingent

  • Contingent means subject to repurchase rights and/or other requirements.

  • Unasserted Contingent Obligations means all (i) unasserted contingent indemnification obligations not then due and payable and (ii) unasserted expense reimbursement obligations not then due and payable. For the avoidance of doubt, “Unasserted Contingent Obligations” shall not include any reimbursement obligations in respect of any Letter of Credit.

  • Identified Contingent Liabilities means the maximum estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

  • Permitted Contingent Obligations means, without duplication: (a) Contingent Obligations arising in respect of the Debt under the Note Documents; (b) Contingent Obligations resulting from endorsements for collection or deposit in the Ordinary Course of Business; (c) Contingent Obligations outstanding on the date of this Agreement and set forth on Schedule 8.1 (including any refinancings, extensions, increases or amendments to the indebtedness underlying such Contingent Obligations to the extent constituting (i) Refinancing Debt or (ii) extensions of the maturity thereof without any other change in terms); (d) Contingent Obligations incurred in the Ordinary Course of Business with respect to surety and appeal bonds, performance bonds and other similar obligations not to exceed $250,000 in the aggregate at any time outstanding; (f) Contingent Obligations arising under indemnity agreements with title insurers to cause such title insurers to issue to the Purchaser mortgagee title insurance policies; (g) Contingent Obligations arising with respect to customary indemnification obligations in favor of purchasers in connection with dispositions of personal property assets permitted under Section 8.6; (h) [Reserved]; (i) so long as there exists no Event of Default both immediately before and immediately after giving effect to any such transaction, Contingent Obligations existing or arising under any Swap Contract, provided, however, that such obligations are (or were) entered into by an Obligor or an Affiliate in the Ordinary Course of Business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person and not for purposes of speculation; and (j) other Contingent Obligations not permitted by clauses (a) through (i) above, not to exceed $250,000 in the aggregate at any time outstanding.

  • Unit Contingent means that Seller is excused from any failure to Deliver Product quantity on account of failure of a specified Renewable Energy Facility to generate the amount of RECs necessary in the Vintage or other time period indicated. In such event, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article 5.