Payment B definition

Payment B means the second of three payments from the Purchaser to the Seller, to occur at the Second Closing, consisting of $7,000,000 in cash and 323,077 shares of Common Stock registered in the name of the Seller.
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Payment B. $ (fifteen percent (15%) of the Purchase Price for Unit provided in Section C.1.a, plus one-hundred percent (100%) of the costs of any Options selected, whether noted in Exhibit B or subsequently selected by Buyer using an Options Addendum) to be paid on the date this Contract becomes a binding agreement pursuant to Section E.3. (The portion of Total Purchase Price provided by way of mortgage proceeds) payable no later than two (2) days prior to the Final Closing Date (as defined in Section E.11.a below).
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Payment B shall have the meaning given in Section 2.02(a)(i).
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Examples of Payment B in a sentence

  • Incentive Payment B shall be available to Settling States that are not eligible for Incentive Payment A for the applicable Payment Year.

  • Incentive Payment C shall be available to Settling States that are not eligible for Incentive Payment A for a Payment Year, including to Settling States that are also eligible for Incentive Payment B.

  • A Settling State is not eligible for Incentive Payment B for a Payment Year for which it is eligible for Incentive Payment A.

  • The amount calculated in (iv) shall be the amount allocated to a Settling State eligible for Incentive Payment B for that Payment Year, and the aggregate of such amounts for Settling States eligible for Incentive Payment B shall be the amount paid for that Payment Year by Settling Distributors with respect to Incentive Payment B, all such amounts subject to the suspension, offset, and reduction provisions in Section XII and Section XIII.

  • If there are no Litigating Subdivisions in a Settling State, and that Settling State is otherwise eligible for Incentive Payment B, that Settling State will receive its full allocable share of Incentive Payment B.

  • Incentive Payment B will be due to a Settling State as part of the Annual Payment in each of the eighteen (18) Payment Years that a Settling State is eligible for Incentive Payment B and equal a total potential maximum of $4,638,503,423 if all States are eligible for all eighteen (18) Payment Years.

  • Each Settling State’s maximum share of Incentive Payment B in a given year shall equal the total maximum amount available for Incentive Payment B for that year as reflected in Exhibit M times the Settling State’s Overall Allocation Percentage.

  • Incentive Payment B shall be equal to up to twenty-five percent (25%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States.

  • A Settling State’s eligibility for Incentive Payment B for a Payment Year shall be determined as of sixty (60) calendar days prior to the Payment Date for that Payment Year; provided that the percentage of Incentive Payment B for which a Settling State is eligible as of the Incentive Payment Final Eligibility Date shall cap its eligibility for that Payment Year and all subsequent Payment Years.

  • For the avoidance of doubt, a Settling State in which the population that resides in Incentive B Eligible Subdivisions is less than eighty-five percent (85%) of the population of Litigating Subdivisions shall not be eligible for any portion of Incentive Payment B.


More Definitions of Payment B

Payment B has the meaning set out in Schedule B.
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Related to Payment B

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Payment Amount has the meaning specified in Section 6.1.

  • Upfront Payment has the meaning set forth in Section 8.1.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.