Payment Event definition
Payment Event means the event or events giving rise to the right to payment of a Performance Award.
Payment Event means any of the following:
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
Such payment or distribution shall be made within 75 days of the closing date of the Payment Event.
Subject to the terms of the Plan, upon your death or upon the occurrence of a Payment Event, the Company will make cash or equity payments for vested SARs pursuant to the payment schedule specified in the Plan.
Upon the occurrence of a Payment Event resulting from a sale (as defined in the Plan) the Company shall make a payment pursuant to the Plan.
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 has the meaning specified in Section 5.03(d).
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 means the termination of this Agreement pursuant to Section 12.1(a)(iv) or (v).
Payment Event means the termination of this Agreement pursuant to:
Payment Event has the meaning set forth in Section 6.8(g).