Partial Termination Payment definition

Partial Termination Payment means an amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by Party B or securitized equal to the difference between (i) the Outstanding Purchase Price of such Terminated Loan and (ii) (A) if the Partial Termination occurs with respect to a non-Delinquent Loan or non-Defaulted Loan, the sales proceeds (net of any Deferred Amounts, if any, and any accrued interest if determinable on such date) of the Mortgage Loan to which the Partial Termination relates (which sales proceeds in the case of a bundled whole loan sale or a securitization shall equal the sales proceeds for the related bundle of loans or securitization) and (B) if the Partial Termination occurs with respect to a Delinquent Loan or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Mortgage Loan equal to (i) the Outstanding Purchase Price of such Mortgage Loan less (ii) the principal payments (including prepayment penalties and prepayment premiums) that were deposited in the Collateral Account on or prior to such date. To the extent that the Partial Termination Payment is a positive number, Party A shall pay such amount to Party B and to the extent that it is a negative number, Party B shall pay to Party A an amount equal to the absolute value thereof.
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Partial Termination Payment. An amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by the Trust to a third party or securitized equal to the product of (i) the unpaid principal balance of the Eligible Loan to which the loan termination relates and (ii) the difference between (x) the Purchase Price Adjustment Factor for such Eligible Loan and (y) (A) if the loan termination occurs with respect to a non-Delinquent or non-Defaulted Loan, the sales price (expressed as a percentage of par) of the Eligible Loan to which the loan termination relates (which sales price in the case of a bundled whole loan sale or a Securitization shall equal the sales price for the related bundle of loans or Securitization) or (B) if the loan termination occurs with respect to a Delinquent or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Eligible Loan equal to the product of (x) the related Purchase Price Adjustment Factor less 100% and (y) the principal payments that were deposited in the Collateral Account on such date.
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Partial Termination Payment means an amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by the Trust to a third party or securitized equal to the product of (i) the unpaid principal balance of the Mortgage Loan to which the Partial Termination relates and (ii) the difference between (x) the Purchase Price Adjustment Factor for such Mortgage Loan and (y) (A) if the Partial Termination occurs with respect to a non-Delinquent or non-Defaulted Loan, the sales price (expressed as a percentage of par) of the Mortgage Loan to which the Partial Termination relates (which sales price in the case of a bundled whole loan sale or a securitization shall equal the sales price for the related bundle of loans or securitization) or (B) if the Partial Termination occurs with respect to a Delinquent or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Mortgage Loan equal to the product of (x) the related Purchase Price Adjustment Factor less 100% and (y) the principal payments that were deposited in the Collateral Account on such date.
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Examples of Partial Termination Payment in a sentence

  • If, on Partial Termination of this Deed, an Independent Expert is required to administer this Schedule 7, the parties will appoint an Independent Expert to act as an expert calculator of the relevant Partial Termination Payment under Section 2 as if a reference in Section2 to a “Termination Payment” is a reference to a “Partial Termination Payment”.

  • In determining the amounts to be taken account of in the calculation of a Partial Termination Payment, the Independent Expert must have regard to the Base Case Financial Model to the extent that relevant revenues and costs (or proportions of revenues or costs) that are referable to the Site, School Facility or Stage the subject of Partial Termination can be directly obtained or inferred from the Base Case Financial Model.

  • The "Base Partial Termination Payment" shall be equal to (1) negative eighteen million two hundred fifty thousand U.S. dollars (-US$18,250,000) plus (2) the product of negative fifty-six million five hundred thousand U.S. dollars (-US$56,500,000) times the NYMEX Price Differential.

  • In the event Tenant has not delivered the Second Partial Termination Notice and Second Partial Termination Payment to Landlord on or before the Second Option Termination Notice Date, Tenant's Second Partial Termination Option shall be deemed to have expired and be null, void and of no further effect.

  • Absent an election by one of the parties under such sections, the Base Partial Termination Payment shall be re-calculated on the next NYMEX Settlement Date and the procedures described in Section 3.2 above shall be repeated in accordance with such section.

  • Absent an election by one of the parties under such sections the Base Partial Termination Payment shall be re-calculated on the next NYMEX Settlement Date and the procedures described in Section 3.2 above shall be repeated in accordance with such section.

  • On or before the date Tenant is obligated to pay the Partial Termination Payment, Tenant shall deliver to Landlord a Security Deposit in the amount of one month's Base Rent plus one month's estimated Additional Charges, in the form of cash or an irrevocable clean letter of credit issued by a lender and on terms and conditions approved by Landlord, which Security Deposit shall be maintained and otherwise subject to the provisions of Paragraph 28.

  • If ProGas declines to accept its election under Section 3.2(a)(1) and NEA declines to exercise its election under Section 3.2(a)(2), the Parties shall re-calculate the Base Partial Termination Payment on the next NYMEX Settlement Date as set forth in Section 3.2(c).

  • Notwithstanding the foregoing, no recalculation(s) will be done pursuant to this Section 3.2(c) for a new Partial Termination Payment Calculation Date falling after April 30, 2004.

  • Pickled pelt sheepskins must contain fungicides to protect them from mould growth during storage.


More Definitions of Partial Termination Payment

Partial Termination Payment has the meaning given in Section 2.5(i).
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Partial Termination Payment shall have the meaning set forth in Section 14A.4 of the Network Lease.
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Partial Termination Payment means either the NEA Partial Termination Payment or the ProGas Partial Termination Payment. "Partial Termination Payment Calculation Date" has the meaning set forth in Section 3.1(a). "Producer Approval" means a Finding of Producer Support (as defined in the Alberta Natural Gas Marketing Act) issued by the Alberta Petroleum Marketing Commission pursuant to the Alberta Natural Gas Marketing Act which evidences the consent of the Affected Producers to the pricing under the Replacement Resale Arrangement. "ProGas Partial Termination Payment" means the amount to be paid by ProGas to NEA, to the extent required pursuant to Section 3.2(b), in consideration for the reduction of the Daily Contract Quantity to the Remaining Daily Contract Quantity on the Partial Termination Date, the spreadsheet showing the final calculations of which shall be attached hereto on the Closing Date as Appendix C. "ProGas Payment Cap" has the meaning set forth in Section 3.2(b). "ProGas Threshold" has the meaning set forth in Section 3.2(b). "Published Values" means for any month the price for natural gas published by NYMEX in respect of that month on its website (xxx.xxxxx.xxx/xxx/xxxxxxx/xx_xxx_xxx.xxx) in the table titled "Session Expanded Table" under the column "Most Recent Settle" on the day in which the value is sought, or if such website, table or column, as the case may be is discontinued or no longer available, the correlative information available on such website or on or through any successor or substantially equivalent information repository agreed to by the Parties. "Reduction Amendment" has the meaning set forth in Section 2.1. "Remaining Daily Contract Quantity" means 12,507 MMBtus/day, subject to adjustment pursuant to Section 3.2(a) or 3.2(b). "Replacement Resale Arrangement" means the resale arrangement or arrangements entered into or to be entered into by ProGas to resell gas volumes that would otherwise have been sold or made available to NEA under the Contract absent the Reduction Amendment. "Required Ballots" has the meaning set forth in Section 2.3(b). "Swap Spread-Derived Price" has the meaning set forth in Section 3.4(a)(ii). "Swap Spread-Derived Price Calculation" has the meaning set forth in Section 3.4(a)(ii). "TCPL" means TransCanada PipeLines Limited, a Canada corporation and its successors and assigns. "TCPL Consent" means the final and irrevocable consent of TCPL to the termination of the Contract required under the Assignment Agreement and obtained by ...
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Partial Termination Payment means an amount (in U.S. Dollars), if any, equal to the excess, if any, of (a) the Partial Termination Purchase Price Adjustment over (b) the Escrow Deposit.
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Partial Termination Payment means an amount, which may be positive or negative, calculated with respect to each Terminated Loan (I) which is sold by, or on behalf of, Party B or securitized equal to the difference between (i) the Outstanding Purchase Price of such Terminated Loan and (ii) (A) if the Partial Termination occurs with respect to a non-Delinquent Loan or non-Defaulted Loan, the sales proceeds (net of any accrued interest if determinable on such date) of the Mortgage Loan to which the Partial Termination relates (which sales proceeds in the case of a bundled whole loan sale or a securitization shall equal the sales proceeds for the related bundle of loans or securitization) and (B) if the Partial Termination occurs with respect to a Delinquent Loan or Defaulted Loan, the Credit-Adjusted Price or (II) which results from a prepayment in full of such Mortgage Loan equal to (i) the Outstanding Purchase Price of such Mortgage Loan less (ii) the principal payments (including prepayment penalties and prepayment premiums) that were deposited in the Collateral Account on or prior to such date. To the extent that the Partial Termination Payment is a positive number, Party A shall pay such amount to Party B and to the extent that it is a negative number, Party B shall pay to Party A an amount equal to the absolute value thereof.
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Related to Partial Termination Payment

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • 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.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Swap Termination Payments shall have the meaning set forth in each Swap Agreement.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • 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.

  • Compensation Accrued at Termination means the following:

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Termination Benefit means the benefit set forth in Article 7.

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

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

  • Early Termination Fee has the meaning set forth in Section 2.09(b).

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

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

  • Accrual Termination Date Not applicable.