Payment Cessation Date definition

Payment Cessation Date means the date specified as the Payment Cessation Date in Policy Schedule 1.
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Examples of Payment Cessation Date in a sentence

  • Purchaser shall pay to Seller an amount equal to 75% of the pre-tax net income of the Investment Banking Business (the "Quarterly Earnout Payments") from the Closing Date until September 30, 2002, unless Parent or Purchaser exercises its Put Right pursuant to Article 12, in which case the Quarterly Earnout Payments shall cease on the date of closing under the Put Right, whether before or after September 30, 2002 (the "Quarterly Payment Cessation Date").

  • The Quarterly Earnout Payment will be paid on a quarterly basis forty-five (45) days following the end of each quarter (or, if the Quarterly Payment Cessation Date does not fall on the end of a quarter, forty-five (45) days following the Quarterly Payment Cessation Date, as applicable) in cash by wire transfer in immediately available funds to an account designated by Seller at least two business days prior to the date that the applicable Quarterly Earnout Payment becomes due.

  • If on and as of the Flip Date (1) the Preferred Equity has not been redeemed in its entirety and (2) the accrued (and compounded) Preferred Return and the accrued (and compounded) Class A Common Return have not been paid in full, then commencing on and as of the Flip Date and continuing until the Priority Payment Cessation Date, the Class B Common Equity will accrue a return at a rate of 10% per annum, compounded annually to the extent unpaid (the "CLASS B COMMON RETURN").

  • Commencing on and as of the Effective Date and continuing until the later to occur of (1) the Flip Date, or (2) the Priority Payment Cessation Date, Class A Common Equity will accrue a return at a rate of 10% per annum, compounded annually to the extent unpaid (the "CLASS A COMMON RETURN").

Related to Payment Cessation Date

  • Cessation Date means the date of Participant’s Termination of Service (regardless of the reason for such termination).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Service Date or "SD" means the date service is made available to the End User Customer. This also is referred to as the "Due Date."

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • 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.