Payment Event definition

Payment Event means any of the following:

Payment Event means the event or events giving rise to the right to payment of a Performance Award.

Payment Event means (a), the Debt Service Coverage Ratio with respect to any DSCR Determination Date is less than or equal to 1.50 to 1.00 (including if the Debt Service Coverage Ratio is less than or equal to 1.25 to 1.00), or (b) an Event of Default or Term Trigger Event has occurred. A Payment Event shall be deemed continuing until (i) with respect to clause (a), the Debt Service Coverage Ratio is greater than 1.50 to 1.00 on a DSCR Determination Date or (ii) such Event of Default or Term Trigger Event shall no longer be continuing.

Examples of Payment Event in a sentence

• Coupon Payment Event: Applicable, for the purposes of the definition of "Coupon Payment Event" in the Coupon Payout Conditions, Coupon Barrier Reference Value greater than or equal to the Coupon Barrier Level is applicable in respect of each Coupon Observation Date.

• Any repayment of the Principal Amount Outstanding will be made only in accordance with Conditions 7, 11 and 25, and will be subject to the relevant Payment Event having occurred and the Issuer having actually received the corresponding payment under the Series Specific Loans.

• All payments of Interest and principal by the Issuer under the Notes are dependent on the Issuer having received information on the Payment Event and the Available Distribution Amount being sufficient to make the relevant payments in accordance with the Priority of Payments.

• Any payment of Interest or Late Payment Interest will be made only in accordance with Conditions 7, 11 and 25, and will be subject to the relevant Payment Event having occurred and the Issuer having actually received the corresponding payment under the Series Specific Loans.

• If, following any Payment Event, the Lending Company delays any payments due to the Issuer under any of the Transaction Documents by more than 10 days, the Lending Company will pay to the Issuer the Pending Payments Penalty Fee.

More Definitions of Payment Event

Payment Event means the time at which a Deferred Annual Award may be paid pursuant to Section 4.2.

Payment Event means the earliest of the following: Retirement, death, Separation from Service other than due to Retirement or death, or Disability.

Payment Event means the applicable event triggering a payment of vested benefits under the Plan. The applicable event shall be one of the following:

Payment Event has the meaning specified in Section 5.03(d).

Payment Event means the termination of this Agreement pursuant to:

Payment Event means the termination of this Agreement pursuant to Section 12.1(a)(iv) or (v).

Payment Event has the meaning set forth in Section 6.8(g).