Payout Statement definition

Payout Statement means with respect to the Bank of Nova Scotia, a letter or other instrument addressed by the bank to Mogo and Moka, setting out all the indebtedness owing by the Moka Corporations to the bank as at the Closing Date and containing an irrevocable undertaking from the bank to take all required actions to release and discharge at Closing or as soon as practically possible following Closing, all Liens charging or secured by any of the Moka Shares or any assets used in carrying on the Business, upon receipt by the bank of the payment of the Closing Date Indebtedness;
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Payout Statement means a payout statement in respect of the Financing Documents, in form and substance reasonably satisfactory to Purchaser, executed by RMB Australia Holdings Limited and RMB Resources Inc. confirming the amount required to obtain a discharge of all security granted under or in connection with the Financing Documents;
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Examples of Payout Statement in a sentence

  • At least two Business Days prior to the Closing Date, Sellers shall deliver the Payout Statement to Purchaser.

  • References to Bioceros in the Net Cash Payout Statement shall include “Bioceros and its subsidiaries, in the aggregate.” Bioceros shall deliver to Epirus as soon as possible prior to the Closing, a statement indicating the Net Cash Payout, taking into account the anticipated Revenues as if they had already been accrued on the Closing Date (the “Net Cash Payout Statement”), which shall be set forth as Schedule 1.2 attached hereto.

  • Buyer agrees to provide Seller a Payout Statement reflecting the status of the Payout Account on a quarterly basis, together with supporting documentation.

  • NGS shall furnish to EnerVest on a calendar quarterly basis, beginning with the calendar quarter following the date of first production from any of the Leases with a current statement of the status of Prospect Payout (the “Prospect Payout Statement”) Each Prospect Payout Statement shall contain, in addition to a reasonably detailed statement of all Prospect Costs, full and complete details of all hydrocarbons produced and sold and the Prospect Net Proceeds.

  • If the Stockholders Representative shall dispute a Quarterly Payout Statement delivered by eOn pursuant to this Section, the Stockholders Representative shall give eOn notice of its objection no later than fifteen (15) days following delivery of the disputed Quarterly Payout Statement to the Stockholders Representative, and, thereafter, the Stockholders Representative and eOn shall engage in good faith negotiations to attempt to agree on the applicable Quarterly Payout calculation.

  • Epirus shall have received (i) a certificate executed on behalf of Bioceros by the managing directors of Bioceros certifying that the conditions set forth in Sections 7.2(a), 7.2(b) and, with respect to Bioceros, 7.1(e) shall have been satisfied, (ii) the Bioceros Payout Spreadsheet, and (iii) the Net Cash Payout Statement.

  • Get into \Templates in the Database Location and locate the following files: ▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Document Template for check layout ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Document Template for Borrower Discharge Notice ▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Document Template for Investor Discharge Notice ▇▇▇▇▇▇.▇▇▇ Document Template for Payout Statement ▇▇▇▇▇▇▇▇▇.▇▇▇ Document Template for Payment Return Letter These templates may not be compatible with the new version of ▇▇▇▇▇ Mortgage Manager and should be deleted.

  • The Net Cash Payout Statement shall be updated as of December 31, 2015 to reflect any additional payments that are made between the date hereof and prior to December 31, 2015 by company 1, company 2, company 9 and/or company 10 pursuant to definitive license agreements or signed term sheets in effect as of the date hereof.

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