NPC Payment definition
Examples of NPC Payment in a sentence
The amount of all or any portion of a NPC Payment not made to the TRA Parties when due under the terms of this Agreement shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such NPC Payment was due and payable.
Purchasers and TESSCO shall have the right to withhold from any Installment Payment, NPC Earnout Payment, or Broadband NPC Payment otherwise payable to Sellers under the provisions of this Agreement the amount of any Losses with respect to which Purchasers or TESSCO has made a claim for indemnification hereunder, and, upon the resolution or determination of such claim, Purchasers and TESSCO may offset the amount of indemnification to which they are entitled against such withheld amount as a result thereof.
As promptly as practicable, but in no event later than the date each such payment is due, Purchasers and TESSCO shall deliver to Sellers a certificate signed by the Chief Financial Officer of TESSCO certifying to Sellers the calculation of the amount of the Installment Payment, NPC Earnout Payment, or Broadband NPC Payment (as the case may be) for the relevant period and setting forth the determination of Combined NPC or Broadband NPC (as the case may be) for such period underlying such calculation.