Payment Right definition

Payment Right means (A) any right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured or (B) the right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured; and (ii) “Present Fair Saleable Value” means, with respect to Buyer or the Transferred Assets being acquired by Buyer hereunder, the amount that may be realized if its aggregate assets (including its goodwill) are sold as an entirety with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises.
Payment Right means all rights of Borrowers to the payment of money from one or more Customers (whether any of such rights constitutes or is evidenced by an Account, Chattel Paper, Instrument, Document, General Intangible, Supporting Obligation, Payment Intangible or Letter-of- Credit Right), including all rights to the repayment of Borrower Advances and all rights to payment in respect of Borrower Royalty Receivables.
Payment Right has the meaning ascribed to such term in Section 3.5(b)(iii).

Examples of Payment Right in a sentence

  • After such conversion, no interest or Dividend Equivalents will be accrued, credited or paid with respect to the Cash Payment Right.

  • In addition to the upfront cash payment, each Adolor stockholder will receive one Contingent Payment Right (CPR), entitling the holder to receive additional cash payments of up to $4.50 for each share they own if certain regulatory approvals and/or commercialization milestones for ADL5945 are achieved.

  • For the avoidance of doubt, the Cash Payment Right will be paid at such time provided under Section 4.

  • If in no circumstances was such payment payable upon a separation from service under the Original Payment Right, then this Section 10(c)(iii) shall not apply.

  • After such conversion, no interest or dividend equivalents will be accrued, credited or paid with respect to a Cash Payment Right.

  • The Payment Amounts referred to in Contract Terms 9.1(a) and 9.1(b) shall be treated as Variation Margin for the purposes of the C&S Rules and treated as a Payment Obligation or Payment Right in accordance with the C&S Rules.

  • After such conversion, no interest or Dividend Equivalents will be accrued, credited or paid with respect to a Cash Payment Right.

  • See Note 5 for further information regarding our derivative instruments.Contingent Payment Right.

  • The Bank may change the applications of the system at any time without notice.

  • A Diversified Payment Right (“DPR”) is a right of the Bank to receive payments from correspondent banks based overseas whenever a payment order is initiated by a person or entity situated overseas in favour of a person or entity situated in Jamaica.


More Definitions of Payment Right

Payment Right. Each RVO shall represent the right to receive an amount in cash equal to a PRO RATA share of 50% of the Residual Cash Flow remaining after application of the Residual Cash Flow to the AFCC Amount, RVO Expenses and Litigation Expenses, calculated pursuant to, and subject to, the terms below. PAYMENT DATES: Amounts allocated for payment on the RVOs as provided below under "Application of Residual Cash Flow", if any, will be paid on the second business day after the Distribution Dates in April, July, October and January to holders of record on the immediately preceding March 1, June 1, September 1 or December 1, respectively, commencing with the first payment date following the Effective Time (or, if the Effective Time is after the record date in respect of such first payment date, then on the next succeeding payment date).
Payment Right means all rights to the payment of money under, but only in each case to the extent the same constitutes Collateral, (i) Accounts, (ii) Payment Intangibles, and (iii) Letter-of-Credit Rights.
Payment Right means, with respect to any holder of a Ten-Year Contract at any time, a number
Payment Right means, with respect to any holder of a Ten-Year Contract at any time, a number calculated by dividing (a) the sum, for each year remaining at such time during which such holder is entitled to payments under such contract, of the portion of dividends of the Company to which such holder is entitled under such contract with respect to such year (such sum being such holder's "Total Remaining Payment Rights") by (b) the Total Remaining Payment Rights of all holders of Ten-Year Contracts at such time.
Payment Right or “Payment Rights” is defined in Section 3.3(a) of this Agreement.
Payment Right means (A) any right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured or (B) the right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured, or unsecured; and (ii) “Present Fair Saleable Value” means, with respect to Buyer or the Business, the amount that may be realized if its aggregate assets (including its goodwill) are sold as an entirety with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises.

Related to Payment Right

  • Adjustment Right means any right granted with respect to any securities issued in connection with, or with respect to, any issuance or sale (or deemed issuance or sale in accordance with Section 2) of shares of Common Stock (other than rights of the type described in Section 3 and 4 hereof) that could result in a decrease in the net consideration received by the Company in connection with, or with respect to, such securities (including, without limitation, any cash settlement rights, cash adjustment or other similar rights).

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Purchase Option Price means the amount payable by a Lessee upon the exercise of its option to purchase a related Vehicle which amount equals (a) with respect to a Matured Vehicle, the Contract Residual Value plus any fees, taxes and other charges imposed in connection with such purchase and (b) with respect to a related 2011-1 Vehicle for which the related 2011-1 Lease has been terminated early by the Lessee, the sum of (i) any unpaid Monthly Payments due, (ii) any fees, taxes and other charges imposed in connection with the related Lease, (iii) an early termination fee and (iv) the Actuarial Payoff.

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

  • Contingent Right means a right under this Schedule 5 which is not a Firm Right and which is subject to the fulfilment of all competing Exercised Firm Rights and any additional contingency specified in this Schedule 5;

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • 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.

  • Distribution Equivalent Right means an Award granted under Article XIII of the Plan which entitles the Holder to receive bookkeeping credits, cash payments and/or Share distributions equal in amount to the distributions that would have been made to the Holder had the Holder held a specified number of Shares during the period the Holder held the Distribution Equivalent Right.

  • Share Payment means (a) a payment in the form of Shares, or (b) an option or other right to purchase Shares, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Delta Payment means as it is described in this Agreement.

  • Dividend Equivalent Right means an Award entitling the grantee to receive credits based on cash dividends that would have been paid on the shares of Stock specified in the Dividend Equivalent Right (or other award to which it relates) if such shares had been issued to and held by the grantee.

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Stock Payment means (a) a payment in the form of shares of Stock, or (b) an option or other right to purchase shares of Stock, as part of any bonus, deferred compensation or other arrangement, made in lieu of all or any portion of the compensation, granted pursuant to Article 8.

  • Payment Claim means the claim for payment made by the Contractor in accordance with this Contract.

  • Purchase Option Period As defined in Section 9.03(a) hereof.

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

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Option Fee means an amount equal to 7% of the Specified Amount;

  • Conditional Award means a conditional right to acquire Shares granted under the Plan;

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).