Payment Measuring Period definition

Payment Measuring Period means (i) the period from the Effective Date to December 31, 1998 and (ii) each six month period ended June 30 and December 31 thereafter, through and including the Final Payment Date.
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Payment Measuring Period means a period equal to the prior six (6) months, calculated as of June 30 and December 31 of each calendar year during the term of this Indenture; provided no Payment Measuring Period shall commence after the End Date.
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Payment Measuring Period. “Principal Payment”, “Products”, “Net Revenues” or any other defined term that is incorporated into any such definition.
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Examples of Payment Measuring Period in a sentence

  • Such Default Interest shall become due and payable on the first Payment Date to occur after the occurrence of such Event of Default, and on each Payment Date thereafter that corresponds to any Payment Measuring Period during which such Event of Default shall be continuing.

  • The "Contingent Payment," with respect to any Payment Measuring Period, equals five percent of the Net Sales that are attributable to the commercial sale of Products.

  • Within sixty days after the end of each Payment Measuring Period, the Company shall furnish to the Trustee and the Holders a written report showing (i) the gross sales of all Products sold by the Company, its Affiliates, licensees and distributors during the immediately preceding Payment Measuring Period; and (ii) the reconciliation of gross sales to Net Sales.

  • For the purpose of computing the Net Sales of Products sold in a currency other than United States Dollars, such currency shall be converted into United States Dollars using the average of the rates of exchange published in The Wall Street Journal during the five business days preceding the close of the Payment Measuring Period.

  • If any adjustments or inaccuracies in the amounts paid or payable under this Section 7.5 are determined by the Trustee in its review of the calculation of the Contingent Payment, which may be performed at the end of any Payment Measuring Period, and the Company agrees to such adjustment, such adjustments for the immediately preceding Payment Measuring Period may be reconciled and described in the next due written report and the payment then due shall be adjusted to reflect such determination.

  • Within sixty days after the end of each Payment Measuring Period, the Company shall furnish to the Trustee a written report showing (i) the gross sales of all Products sold by the Company, its Affiliates, licensees and distributors during the immediately preceding Payment Measuring Period; and (ii) the reconciliation of gross sales to Net Sales.

  • If any adjustments or inaccuracies in the amounts paid or payable under this Section 7.5 are determined by the Holders in their review of the calculation of the Contingent Payment, which may be performed at the end of any Payment Measuring Period, and the Company agrees to such adjustment, such adjustments for the immediately preceding Payment Measuring Period may be reconciled and described in the next due written report and the payment then due shall be adjusted to reflect such determination.

  • No such request shall be made more than three years subsequent to the Payment Measuring Period that is the subject of such audit request.