Program Payments definition

Program Payments means financial assistance in the form of start-up payments, advance payments, expansions funds or reimbursement paid or payable to institutions for operating costs and administrative costs.

Program Payments shall have the meaning set forth in Section 2.4(b);

Program Payments for any period the sum (determined on a consolidated ---------------- basis and without duplication) of all payments by the Borrowers made or scheduled to be made during such period in respect of Program Obligations.

Examples of Program Payments in a sentence

• The rights to Program Payments under this Article VII are not assignable or transferable, except by operation of Law.

• As a result of the uncertainty in the application of Section 280G of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Program Payments will have been made by the Company which should not have been made ("Overpayment") or that additional Program Payments which have not been made by the Company could have been made ("Underpayment"), in each case, consistent with the calculations required to be made hereunder.

• If the Closing Date Payment is insufficient to cover the Shortfall, the Buyer shall offset the amount by which the Shortfall exceeds the Closing Date Payment from any Program Payments pursuant to the Set-Off Right.

• Research Program Payments may only be changed with unanimous approval of the Executive Committee.

• Program Payments are intended to qualify for an exemption from application of Section 409A or comply with its requirements to the extent necessary to avoid adverse personal tax consequences to the Designated Participants under Section 409A, and any ambiguities herein shall be interpreted accordingly.

More Definitions of Program Payments

Program Payments means financial assistance in the form of advance payments, or reimbursement paid to sponsors for operating and administrative costs.

Program Payments shall have the meaning set forth in Section 1.12.

Program Payments means the payments made by the Authority to Owners for suspending irrigation on Program Acres.

Program Payments means payments described in Section IV paid to the Owner for the suspension of irrigation as required by this Contract.

Program Payments means financial assistance in the form of start-up payments, advance payments, or reimbursement paid to sponsors for operating and administrative costs.

Program Payments means, as of any date for any period, the sum of all cash payments actually made by or on behalf of the Borrower and its Subsidiaries during the period involved with respect to or on account of Programming Obligations.

Program Payments has the meaning set forth in the Merger Agreement.